The EUR follows the dollar’s negative tone with a modest 0.2% gain, having only recovered about a quarter of Tuesday’s decline. As long as the EUR/USD trades below 1.1350, Scotiabank economists expect the pair to eventually break below 1.13. The euro remains at risk of losses due to tensions between Russia and Ukraine “In addition […]
Tag: Fed
USD/CHF trims intraday gains, rises modestly around 0.9150
USD/CHF regained positive traction on Tuesday amid sustained buying interest in the USD. The ongoing strong upward move in US bond yields acted as a tailwind for the dollar. Gloomy US data capped gains amid risk aversion, which tends to benefit safe-haven CHF. The pair USD/CHF It maintained its intraday gains during the early American […]
USD/CAD struggles for a firm direction, stuck in a range around 1.2500
A combination of divergent forces failed to provide a significant boost to USD/CAD. Bullish crude oil prices supported the loonie and acted as a headwind for the pair. As US bond yields rose, the risk aversion drive benefited the USD and extended support. The pair USD / CAD extended its consolidating price sideways heading into […]
NZD/USD looks vulnerable near 1-week low around 0.6770 amid stronger USD/risk aversion
A combination of factors dragged NZD/USD away from multi-week highs hit last Thursday. Rising US bond yields continued to act as a tailwind for the USD and put some pressure on it. The risk-off drive further contributed to driving flows away from the kiwi perceived as riskier. The pair NZD / USD It maintained its […]
USD/JPY gives up gains amid falling stocks and retreats towards 114.50
USD/JPY reversed the trend after failing to hold above 115.00. A sharp decline in equity markets benefited the yen. Treasury bond yields retreat from highs in months and give more strength to the yen. USD/JPY erased intraday gains from multi-day high and pulled back towards 114.50. The pair had traded just above 115.00 before reversing […]
January Statement Likely Signals Rates May Hike at Its Next Meeting – Wells Fargo
The Federal Reserve, at the January meeting, will likely signal that it could raise the fed funds rate as soon as its next meetingWells Fargo analysts explain. They add that any hint that the first rate hike is likely to come as soon as the March meeting boils down to Chairman Jerome Powell’s post-meeting statement […]
AUD/USD consolidates above 0.7200, unchanged after mixed China data/PBoC rate cut
AUD/USD remains supported just above the 0.7200 level in thin US holiday trading. The Australian dollar did not respond to mixed Chinese data or the latest PBoC rate cut. The AUD/USD It is currently taking comfort just above the 0.7200 level, with the pair’s 21 and 50 day moving averages at 0.7211 and 0.7205 acting […]
EUR/USD consolidates at 1.1400 amid US holiday and aggressive Fed bets
EUR/USD is consolidating at the 1.1400 area with US markets closed for Martin Luther King Jr Day. The Fed’s aggressive bets have seen implied yields rise on US bond futures, which could offer dollar support. Forex market volumes are thinner than usual this Monday, with US markets closed for Martin Luthar King Jr. Day, leading […]
EUR/USD stabilizes above 1.1400 key support lies at 1.1380
EUR/USD has stabilized just above 1.1400, having pulled back from the previous session’s highs at 1.1480. Techs will be watching for a key support level in the 1.1380 area. The sale of EUR/USD has continued in the US trading session, although the intraday bearish momentum has subsided for the time being with the pair finding […]
NZD / USD declines returning to 0.6825 as the dollar presents a tentative rebound
NZD/USD has pulled back from the 0.6850 area to 0.6820 and is down around 0.5% on the day. Weak US data was largely ignored, with the dollar staging a tentative rally, while wobbly stock markets hurt the NZD. The positive midweek momentum of the NZD / USD faded on Friday, with the pair dipping back […]
