What you should know on Tuesday, January 11: The dollar oscillated between gains and losses, unable to find a clear direction and led by US Treasury yields once again. Market participants await news on inflation from the US, as the country will publish the final reading of the Consumer Price Index for December next Wednesday, […]
Tag: Fed
NZD / USD declines back to 0.6750, looking at last week’s lows
NZD / USD recently fell back to the 0.6750 level as the dollar recovers amid safe haven flows. Kiwi and other risk-sensitive currencies are underperforming as stocks tumble amid tightening fears from the Fed. The NZD / USD it has returned to the 0.6750 level in recent trading and has been testing last week’s lows […]
EUR / USD falls back below 1.1300 and returns all gains driven by the NFP
EUR / USD has retraced below 1.1300 and is now below levels pevios to the US NFP data from last Friday. Schnabel’s optimistic remarks from the ECB, following last Friday’s hot eurozone inflation, have been ignored. Currency markets continue to focus primarily on US data and the Fed. The EUR/USD It has returned this Monday […]
USD / CAD rallies rapidly from month-long lows, returns above 1.2650
A combination of support factors helped the USD / CAD reverse an initial slide to one-month lows. Falling oil prices undercut the Canadian dollar and remains supported amid resurgent demand for the US dollar. The pair USD / CAD It rose more than 50 pips from the low of a month touched during the middle […]
USD / JPY falls to one-week lows, targeting the 115.00 level
USD / JPY was down for the fourth day in a row and fell to a week low on Monday. The prevailing cautious mood benefited the JPY safe haven and put some downward pressure. A strong rally in USD demand did little to impress the bulls or cripple the current corrective slide. The pair USD/JPY […]
Faster rate hikes from the Fed could shake financial markets
“A faster rate hike by the Fed could shake financial markets, which could slow down US demand and capital outflows from emerging markets,” the said International Monetary Fund (IMF) in a blog post published Monday. Featured Comments Widespread wage inflation or sustained supply bottlenecks could boost US prices more than expected and trigger faster rate […]
EUR / USD in wait and see mode, near 1.1300 ahead of the US NFP report.
EUR / USD is in standby mode and is trading near 1.1300 ahead of the latest official US employment report. The data will be viewed primarily in the context of how it affects expectations of a Fed rate hike in March. The euro did not react to the latest hotter-than-expected euro zone inflation figures for […]
USD / CHF Struggles For Firm Direction, Stuck In Range Above 0.9200 Ahead Of NFP Report
USD / CHF consolidates the strong movement of the previous day to two-week highs. The positive tone of risk undermined the CHF – safe haven and continued to provide support. Falling US bond yields have kept the dollar on the defensive and limited the pair’s rise. Investors also seem reluctant to place bets, preferring to […]
EUR / USD will briefly plummet below 1.10 in summer as the dollar should stay strong in the first half of 2022 – ING
The beginning of 2022 has seen strong performance by those currencies backed by central banks willing to pull the trigger on rate hikes. In the opinion of the analysts of ING, the take off of The Fed should push EUR / USD briefly below 1.10 this summer, but by the end of the year the […]
XAU / USD vulnerable near two-week lows awaiting NFP
Gold languished near a two-week low amid a good rally in equity markets. The weak USD price action extended some support to the metal. Investors seem reluctant to make aggressive bets ahead of the US NFP report. Gold was depressed for a third day in a row on Friday and was last seen hovering around […]
