The US Producer Price Index for October was softer than expected, which justifies Fed officials moderating rate hikes. Economic data from the United States dwarfed economic data from Canada. USDCAD Price Analysis: Struggles against the 100 day EMA, recovers to 1.3300 on geopolitical issues. USDCAD rose towards 1.3335 during the North American session after dipping […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
EURUSD rises above 1.0350 after US PPI.
The low intensity US Producer Price Index reinforces the arguments of Federal Reserve officials to slow down the pace of tightening. Eurozone GDP beat estimates, although it continues to decline in the face of the looming recession. EURUSD will extend its losses if it dips below 1.0360 after struggling at the 200 DMA. The EURUSD […]
Fed: Full impact of policy on inflation won’t be seen for a few months — Raphael Bostic
Atlanta Federal Reserve President Raphael Bostic said on Tuesday that he did not expect to see the full impact of monetary policy on inflation for a few months, Reuters reported. Other conclusions “The Fed should look for other economic signals besides inflation to guide its policy.” “There are signs that tightening financial conditions may be […]
USD/MXN Price Analysis: Limited losses while above 19.30
The Mexican peso loses momentum across the board on Tuesday. USDMXN maintains a bearish bias, but strong support prevails at 19.30. The dollar faces resistance in the 19.60 area. The USDMXN trades sideways on Tuesday, after hitting the lowest intraday level since March 2020 at 19.24, following the release of the US Producer Price Index […]
GBPUSD breaks through 1.2000 level, reaching 3-month highs, but falls back towards 1.1925
Prices paid by US growers fell, a welcome sign for risk-seeking investors, and the dollar weakened. UK jobs data was mixed, although the pound was supported by general dollar weakness. Federal Reserve officials pledged to fight inflation, albeit by slowing the pace of interest rate hikes. The GBP soars against the US dollar after the […]
USDJPY erases losses after US PPI and bounces from 2-month lows
US Data: PPI disappointed market consensus, while Empire Index soars. The dollar falls after the economic reports and then reverses. USDJPY recovers all IPP losses, after a rebound of more than 150 points. The pair USDJPY it recovered more than 150 points during the last few hours, rising back to the 139.50 area. Earlier, the […]
Dollar index remains under pressure and bounces away from lows near 105.30
The index seems to have found some initial containment near 105.30. US yields continue to sail into negative territory on Tuesday. US Producer Prices rose less than expected in October. The dollar index (DXY)which tracks the dollar against a basket of its main rivals, resumes the intense leg lower and retests the 105.30 area on […]
Fed: I’m not too concerned about inflation expectations – Patrick Harker
“My best estimate is that we will wipe about $2.5 trillion off the balance sheet, but the data will guide us,” the president of the Federal Reserve Bank of Philadelphia said Tuesday. Patrick Harkeras reported by Reuters. “We want to methodically reduce the balance sheet until we start to see where we have to stopParker […]
Geopolitical conflicts should curb dollar bears – Rabobank
According to Rabobank economists, Last week’s dollar sell-off is unlikely to continue due to geopolitics. Volatility will remain high “NATO chief Stoltenberg has warned that “we must not make the mistake of underestimating Russia” and that “the next few months will be difficult“In addition, there remains a high risk that tensions between the US and […]
EURUSD to return to below parity at the start of 2023 – TDS
TD Securities economists believe that the EURUSD to return below parity despite recent rally. EURUSD is likely to bottom around 0.96 “The euro is yet to come out of the woods, which makes us expect another trip below parity to start 2023.” “The macroeconomic outlook offers a weak pass-through to the EUR to start a […]
