The President of the Federal Reserve Bank of Chicago, Charles Evans, He said on Thursday that inflation is too high and that monetary policy is not well positioned for this. As a result, the Fed will adjust monetary policy to something closer to neutrality and the Fed firmly expects two to four rate hikes in […]
Tag: Fed
Forex Today – Asian Session: USD Sellers On Pause, But Maintaining Control
What you need to know on Friday, January 14: The market stabilized, with the dollar consolidating losses on Thursday. Risk appetite waned, preventing the dollar from falling further. Intraday gains in the greenback helped correct oversold conditions reached after Wednesday’s selloff. The aggressive attitude of the Federal Reserve was appreciated well before the release of […]
We will be in a position to start raising rates as soon as QE ends (March)
Fed vice president candidate Lael Brainard, speaking at a hearing before the Senate Banking Committee on Thursday, said the Fed would be in a position to start raising interest rates as soon as its bond buying program had ended ( in March). As we move to end bond purchases, raise interest rates and lower the […]
USD / CAD falls below the 200 DMA as sellers watch the 1.2400 level
The selloff of the US dollar spreads despite US inflation exceeding 7%. Market participants expect the Fed’s first interest rate hike in March 2022. USD / CAD Technical Outlook: Bearish bias, but a daily close below the 200 DMA could keep CAD bulls in charge. During the American session, the selloff of the US dollar […]
USD / CAD recovers from a two-month low, still negative below the 1.2500 level
USD / CAD continues to lose ground for the third day in a row and falls to a more than two-month low. Selling around the USD after the US CPI remains unabated and is seen as a key factor putting some pressure on the pair. A pullback in oil prices weighs on the CAD and […]
Forex Today – Asian Session: Market Wakes Up Following US Inflation Figures at 40-Year Highs
What you should know on Thursday, January 13: The dollar tumbled following the release of US inflation figures. The December Consumer Price Index was confirmed at 7% YoY, as expected, while the core reading beat expectations at 5.5%. The news, which often generates risk aversion, this time had the opposite effect. Stocks rose, although indices […]
USD / CHF falls below 0.9200
USD / CHF falls below 0.9200 as long dollar positions disappear after better-than-expected CPI fails to stimulate new aggressive line bets from the Fed Amid what appears to be a huge exit from long dollar positions after the latest US inflation report failed to fuel aggressive new bets from the Fed, the USD/CHF it has […]
GBP / USD rebounds to 1.3680-85, the highest level since early November after the US CPI.
GBP / USD spiked to a more than two-month high during the early days of the American session. The latest US inflation figures did little to revive demand for the USD or stall the move. Sustained strength beyond a downtrend line will set the stage for further gains. The pair GBP/USD captured new offers during […]
AUD / USD remains confined in a range above 0.7200, awaiting the US CPI.
AUD / USD hovered in a tight trading range during the first half of the European session. A positive risk tone coupled with subdued USD demand acted as a tailwind for the perceived riskier Aussie. Investors seemed reluctant to make aggressive bets ahead of critical US consumer inflation data. The pair AUD/USD it ranged from […]
NZD / USD rises near 0.6800 amid market risk appetite
The NZD rises along with risk sensitive pairs like the AUD and GBP, the US dollar weakened. Fed Chairman Powell: “If we have to raise interest rates more over time, we will.” NZD / USD has a neutral-bearish bias as the pair faces the confluence of the 50, 100 and 200 moving averages on the […]
