Joshua

Esther George of the Federal Reserveexplained that the Fed must restore price stability, “which means going back to 2% inflation.” He also said that markets may have a different view of what the Fed should do, but that the central bank’s commitment is 2%. His comments follow today’s economic data, specifically the Producer Price Index […]

Loretta Mester, president of the Federal Reserve Bank of Cleveland, He made statements recently and said that they are starting to see the type of actions that they need to see. His remarks to the Associated Press follow a series of economic data released today, specifically the Producer Price Index and Retail Sales, which showed […]

Things to watch out for on Thursday, January 19: The US dollar ended with gains against most of its major rivals on Wednesday, reversing early losses that sent it trading to multi-month lows against most of its major rivals. The Bank of Japan announced its monetary policy at the beginning of the day, provoking a […]

EUR/USD erased its previous gains, despite posting a 9-month high around 1.0887. The reduction of 28,000 jobs at big technology companies and weak US economic data sparked fears of a recession. Fed officials support interest rate hikes to 5% or slightly above. The pair EUR/USD reversed course after hitting a nine-month high around 1.0887 on […]

Following the bad US data, AUD/USD reversed course and sank below 0.7000. Federal Reserve officials objected to interest rates going below 5%. AUD/USD Price Analysis: FAilres at 0.7000, exacerbated the decline towards 0.6965. The AUD/USD it erases its previous gains after hitting a multi-month high at 0.7063, plunges below 0.7000 and is back 0.27% on […]

USD/MXN rebounds strongly from its lowest level in almost three years. A strong support zone above 18.50 and Risk Aversion trigger the bounce. USD/MXN rises on Wednesday after touching 18.55, the lowest level since February 2020. The rebound represents a correction after falling steadily since the beginning of the year. The ongoing run faces resistance […]

US Retail Sales plunged, while PPI preliminary showed inflation continuing to subside. US Industrial Production contracts for two consecutive months. Gold Price Analysis: A daily close above $1,900 is needed to exacerbate a rally to $2,000. The price of gold It breaks two days of consecutive losses, gaining traction on Wednesday, as the US dollar […]

USD/JPY pared some of its Asian session gains courtesy of the Bank of Japan’s decision. USD/JPY Price Analysis: The failure to conquer the 20-day EMA compounded a drop of more than 200 points below 128.50. The USD/JPY is holding on to gains after hitting a daily high of 131.57 following the release of the Bank […]

The Swiss franc rises strongly against the dollar and the euro. Expectations for a less dovish ECB support the Swiss franc. USD/CHF falls for the fifth day in a row on Wednesday. The USD/CHF it falls almost a hundred points on Wednesday after paring some losses in the last hour. The pair bottomed at 0.9084, […]

The dollar weakens in general after the US data. The Loonie among the most alert currencies after the Canadian inflation figures. USD/CAD modestly below 1.3400, with no clear direction. The pair USD/CAD is nearing 1.3400, while the dollar pared some of its recent losses that followed the release of US economic data. The pair remains […]