The selling trend around the USD helps NZD/USD to regain positive traction on Tuesday. Fading expectations of a 100 basis point Fed rate hike in July continue to put pressure on the dollar. Recession fears and high US bond yields should cap USD losses and limit pair gains. The pair NZD/USD attracts fresh buying near […]
Tag: Bonds
USD/JPY falls below the 138.00 level, the decline remains supported
USD/JPY moves lower for the third day in a row on Tuesday, amid subdued demand around the US dollar. Diminishing odds of a more aggressive Fed rate hike in July continue to weigh on the dollar. The divergence between the monetary policies of the Fed and the BoJ favors the bulls and should help limit […]
JP Morgan: The triple shock that ‘threatens’ the bonds of the Eurozone region – what he ‘sees’ for Greece
Her Eleftherias Kourtalis The current week is extremely critical for Eurozone bond markets, as JP Morgan points out, with three major events dominating: the ECB meeting on July 21, the end of scheduled maintenance on the Nord Stream 1 pipeline around July 21-22 and the vote of confidence in Prime Minister Mario Draghi on July […]
USD/CAD continues to correct from yearly highs and falls below 1.3100
USD/CAD extended the overnight retracement from a 20-month high and was lower on Friday. Less aggressive comments from Fed officials weighed on the dollar and put pressure on it. Bearish sentiment around oil prices could undermine the loonie and help limit the downside. The pair USD/CAD attracted some selling near the 1.3135 area on Friday […]
AUD/USD remains on the defensive around 0.6750 ahead of US data.
AUD/USD struggled to gain significant traction on Friday, despite weak demand for dollars. Dismal Chinese GDP fueled recession fears and capped gains in the risk-sensitive Aussie. Investors are now awaiting important US macroeconomic data for short-term trading opportunities. The pair AUD/USD failed to capitalize on the previous day’s modest rebound from two-year lows and attracted […]
USD/CHF extends correction from multi-week highs and flirts with 0.9800 level
USD/CHF pulls away from multi-week highs amid mild USD pullback. Less aggressive statements from Fed officials and lower US bond yields weigh on the dollar. The decline appears supported as investors await US macroeconomic data for further momentum. The pair USD/CHF extends pullback the previous day from the 0.9885 region, or a multi-week high, and […]
Goldman Sachs: An aggressive interest rate hike is on the ECB’s table – The details of the new tool and what the conditionality will be
Her Eleftherias Kourtalis Goldman Sachs expects the ECB’s Governing Council to raise interest rates by 25 basis points next week and provide additional details on the new anti-fragmentation tool. Although the sharp depreciation of the euro, recent actions by other central banks internationally and the possibility of further increases in inflation expectations suggest that a […]
Goldman Sachs: An aggressive interest rate hike is on the ECB’s table – The details of the new tool
Her Eleftherias Kourtalis Goldman Sachs expects the ECB’s Governing Council to raise interest rates by 25 basis points next week and provide additional details on the new anti-fragmentation tool. Although the sharp depreciation of the euro, recent actions by other central banks internationally and the possibility of further increases in inflation expectations suggest that a […]
Three major milestones for Greece by the end of the year
By Tasos Dasopoulos The guidelines for the remaining half of 2022 and 2023, which were “renewed” by the Eurogroup yesterday, were clear for highly indebted countries like Greece: support households in moderation against precision, reduce deficits and debt, speed up implementation of the Recovery Fund. In terms of support to households and businesses, as during […]
AUD/USD moves away from two-week lows and rises to 0.6750
AUD/USD rebounded from a two-year low hit on Tuesday amid a modest dollar pullback. A further decline in US bond yields triggered dollar profit-taking near a 20-year high. Aggressive bets on Fed rate hikes and recession fears should limit dollar losses and in turn cap the pair. The pair AUD/USD bounced slightly from the two-year […]
