The British pound rose for the third day in a row. A mixed market mood and an empty UK economic docket were no excuse for sterling bulls to push the pair higher, courtesy of a weaker USD. GBP / USD has a bullish bias, although a daily close above 1.3600 would consolidate the pair’s chances […]
Tag: Fed
Forex Today – Asian Session: Fed’s Powell put the USD in sell-off ahead of US inflation data
What you should know on Tuesday, January 12: The dollar fell sharply on Tuesday, following comments from US Federal Reserve Chairman Jerome Powell. In Senate hearings amid his nomination for a second term, the leader of the US central bank mixed an aggressive view of the economy with a cautious approach on reducing the balance […]
Inflationary pressures on track to last well into 2022
Fed Chairman Jerome Powell speaking at the Senate hearing on his reappointment, he said Tuesday that inflationary pressures will remain elevated well into 2022. Additional statements: “Our policy will continue to adapt.” “If inflation lasts longer, that would require a political response.” “If inflation lasts longer, that would imply a greater risk of taking root, […]
XAU / USD extends its rally for the third day in a row, remains above $ 1,800
Falling US Treasury yields weigh on the US dollar and boost the underperforming metal. On Tuesday, some members of the Fed will make statements. Federal Reserve Chairman Powell is giving a speech right now. The oro extends its rally, rises for the third day in a row, while US Treasury yields, particularly 10-year yields, fall […]
The economy no longer needs a highly accommodative policy
The Chairman of the United States Federal Reserve, Jerome Powell, who is currently appearing at the Senate hearing for his reappointment, has indicated that the US labor market is recovering “incredibly” fast and that the economy no longer needs a highly accommodative policy. Featured statements: “Wage increases are generally a good thing.” “We are monitoring […]
It will be appropriate to move earlier in the balance reduction compared to last time – Esther George
The president of the Federal Reserve Bank of Kansas City, Esther Georgesaid Tuesday that it would be appropriate for the Fed to act earlier in reducing its balance sheet compared to the last tightening cycle, as reported by Reuters. George went on to say that his own preference would be to deplete the balance sheet […]
If the economy is in March like it is now, I would support a hike at that meeting – Loretta Mester
The president of the Federal Reserve Bank of Cleveland, Loretta MesterHe said in an interview on Bloomberg Television on Tuesday that as long as the economy is in March as it is now, he would support a rate hike at that month’s meeting. Featured statements: On the economy, inflation, the need for action … “The […]
Clarida announces her resignation two weeks before the terms of the board of directors expire
The Fed legislator Richard clarida announced on monday that would resign as vice president of the FOMC on Friday, two weeks before his term on the central bank’s board of governors ended. His early resignation announcement comes after a recent surge in public scrutiny over the transactions he conducted in late February 2020, just as […]
AUD / USD remains below 0.7200 level ahead of Powell
Upbeat Australian retail sales help AUD / USD regain positive traction on Tuesday. A pullback in US bond yields triggers some selling around the USD and provides an additional boost to the pair. The bulls are struggling to break above the 0.7200 level before Powell’s nomination hearing. The pair AUD/USD moves higher during the European […]
US dollar DXY index below 96.00 level before Powell
The DXY index retraces part of Monday’s advance and falls below the 96.00 level. US yields appear to be taking a breather around recent highs. The release of the NFIB index and the IBD / TIPP index stands out on the US economic calendar. The US dollar DXY index, which measures the strength of the […]
