“The Federal Reserve stands ready to respond with the full range of policy tools until COVID-19 is behind us,” he said Tuesday. the president of the San Francisco Federal Reserve, Mary Daly, as reported by Reuters. Additional conclusions “The trajectory of public health is very worrying.” “Continued support from monetary policy will be needed to […]
Tag: Fed
We have a long way to go towards recovery
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, continues to testify before the Committee on Banking, Housing and Urban Affairs of the United States Senate. Featured statements: “The US economy has performed better than expected.” “We have a long way to go in recovery“. “Most of the recovery aid should […]
Powell Speech: We Need More Fiscal Support
The President of the FOMC, Jerome Powell, reiterated Tuesday that US Federal Reserves remain committed to using all of their tools to support the economy through the coronavirus crisis. “We will continue to provide strong support,” Powell told the US Senate Banking Committee, noting that it is likely that need more fiscal support. “Inequality is […]
The US dollar index down near 91.70, attentive to Powell’s statements
DXY remains bearish tone unchanged on Tuesday. Powell will testify before the Senate later in the session. The Manufacturing ISM is estimated at 58 in November (from 59.3). The US Dollar Index (DXY), which measures the dollar against a group of its main rivals, leaves Monday’s advance behind and refocuses on the downside. US Dollar […]
US dollar DXY index remains under pressure around 91.70 ahead of Powell and US data.
The DXY index remains under pressure well below the 92.00 level. The appetite for risk prevails among market participants. Powell’s testimony and ISM manufacturing PMI data stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains under pressure below the […]
New month, new market gains – Focus is on PMIs, Powell’s testimony and Brexit
This is what you need to know to trade today Tuesday, December 1. Markets have resumed their gains and the dollar is on the defensive once again as the dust settles from month-end money flows. Optimism about vaccines and Brexit counteracts Powell and Yellen’s concerns about the US economy. New month: November ended with a […]
The Fed extends four emergency liquidity programs through March 31, 2021
The US Federal Reserve announced on Monday that it has extended liquidity facilities for commercial paper, money markets, primary traders, and paycheck protection program until March 31, 2021. The Fed noted that these programs are independent of the credit facilities that the US Treasury recently ordered to close on December 31. “Liquidity facilities continue to […]
USD / JPY near daily lows around 104.25-20 region
USD / JPY is witnessing some selling on Thursday amid persistent selling around the dollar. Optimism over the COVID-19 vaccine could limit the JPY’s gains as a safe haven and help limit the pair’s slide. Weakened liquidity conditions due to the Thanksgiving holiday could prevent investors from opening new bearish positions. The pair USD/JPY has […]
Fed, virus and data keep the dollar depressed on Thanksgiving
This is what you need to know to trade today Thursday November 26: The US dollar is on the defensive against major currencies and gold after the Fed was more open to expanding its bond buying scheme. Added to this, COVID-19 cases continue to rise and a large amount of data pointed to a new […]
EUR / USD changed little and is trading above 1.1900 following the FOMC Minutes
EUR / USD did not show much of a reaction to the recently released FOMC Minutes and continues to trade just above 1.1900. The Minutes showed that the Fed maintains optionality with respect to adjustments to its QE program, which may reinforce expectations for action in December. The EUR/USD it continues to trade not far […]
