AUD / USD consolidates near multi-year highs on Wednesday. A softer tone around the USD continues to provide support and helps limit the decline. Investors now seem reluctant to open aggressive positions ahead of the FOMC’s latest policy decision. The pair AUD/USD moves slightly higher during the European session on Wednesday and consolidates near multi-year […]
Tag: Fed
USD / CHF plunges to new multi-year lows amid notable USD weakness
USD / CHF remains under pressure for the third day in a row on Wednesday. The sustained selling bias of the USD has been seen as a key factor putting pressure on the pair. Risk appetite sentiment does little to offer support, as the spotlight now shifts to the FOMC. The pair USD/CHF has seen […]
USD / JPY falls to fresh five-week lows below 103.50 level
USD / JPY is witnessing some selling for the second day in a row on Wednesday. Hopes for additional US fiscal stimulus continue to weigh on the USD and put pressure on the pair. Risk appetite sentiment does little to offer support as the focus shifts to the FOMC’s monetary policy decision. The pair USD/JPY […]
Dollar under pressure on vaccine hopes, Brexit and US stimulus ahead of Fed
This is what you need to know to trade today Wednesday, December 16: The dollar remains on the defensive after a happy Tuesday in the markets. The upcoming approval of Moderna’s vaccine, progress on Brexit, and the call from Republicans to seal a stimulus have resulted in a sentiment of risk appetite. Investors will focus […]
Pennant break in sight, points to 1.2200
EUR / USD looks poised to test the 1.2200 level, at new multi-year highs. A pennant breakout is likely on the 1 hour chart. The RSI remains bullish as the pair recovers the 21-hour SMA. EUR / USD is preparing for a breakout to the upside of its choppy trend around 1.2150, as the bulls […]
EUR / USD in 1.23 to twelve months view – Rabobank
The Federal Reserve will take over from European Central Bank as the greatest influence for the EUR/USD this week, with its policy release on December 16. While the economists of Rabobank expect the general weakness of the dollar to continue in 2021, the EUR / USD is in a consolidation phase since December 3 and […]
Evans says the Fed isn’t expected to raise rates until 2023, probably 2024
The most important stimulus for the US economy in the coming months will be fiscalthe president of the Federal Reserve Bank of Chicago, Charles Evans, said on Friday, Reuters reports. Additional comments: “I was late to optimism about vaccine launch, I can imagine a upside risk to the economy“. “Am comfortable with current asset purchase […]
Most Fed districts say expansion has been modest or moderate
Most Federal Reserve Districts pointed out that the expansion of economic activity in November has been moderate or moderate, showed on Wednesday the Fed Beige Book. Additional findings summarized by Reuters “In most districts, businesses reported moderate to moderate price increases for inputs, while sales prices for final products increased at a slight to moderate […]
Fed: Growth is slowing due to lack of fiscal aid
The US economy was recovering stronger than expected until recently, it said on Wednesday. New York Federal Reserve Chairman John Williams, Reuters reported. Additional conclusions “We are still in a very deep recession.” “Recent data showed signs of a slowdown in the pace of growth due to the second wave of COVID cases.” “Growth is […]
It would be very useful to have additional fiscal support to get through the winter
The Chairman of the Federal Reserve, Jerome Powell, is answering questions before the House Financial Services Committee on the second day of his testimony on Capitol Hill. Featured statements: “The Fed has made about $ 5 billion in loans under the Main Street Program. “ “Definitely consider expanding unemployment insurance programs“. “Small businesses and state […]
