Minutes of the FOMC meeting Nov. 4-5 showed on Wednesday that lawmakers deemed immediate adjustments to the pace and composition of purchases are not necessary However, policy makers further noted that circumstances could change to justify such adjustments. Market reaction The US Dollar Index did not show an immediate reaction to the FOMC minutes and […]
Tag: Fed
USD / CHF struggles near 0.9100, awaiting Fed Minutes
USD / CHF encountered new offers at higher levels and was affected by a combination of factors. The revival in safe-haven demand benefited the CHF and put some pressure amid sustained USD sales. The USD remained depressed after the mixed US data, as the focus now shifts to the minutes of the FOMC meetings. It […]
USD / JPY moves little after US mixed macroeconomic data, awaiting FOMC Minutes
USD / JPY balanced between tepid gains / minor losses during the early North American session. The USD’s sustained sell bias kept the intraday move attempt at bay amid a softer tone of risk. The USD remained depressed after mixed macroeconomic data from the US and before the minutes of the FOMC meeting. The pair […]
Fed: accommodative monetary policy helps economy weather the storm
The Federal Reserve has taken an approach that will naturally adjust if the economy does better than expected, the president of the Federal Reserve said on Tuesday. New York Federal Reserve John Williams to the Wall Street Journal, according to Reuters. Additional conclusions “Accommodative monetary policy is helping the economy weather the storm.” “The policy […]
AUD / USD declines from multi-week highs, still offered around 0.7340-35 ahead of US data.
AUD / USD spiked to the highest level since Sept. 2 amid renewed USD sell bias. The Fed’s dovish expectations, COVID-19 vaccine optimism undermined the safe-haven dollar. A modest recovery in US bond yields eased downward pressure from the USD and limited the upside. The pair AUD/USD It quickly retraced around 30 pips from the […]
USD / JPY under pressure below 104.50 region
USD / JPY is moving lower at the start of the European session amid weaker tone around the USD. Pessimistic expectations from the Fed continue to put some downward pressure on the dollar. Optimism over the COVID-19 vaccine weighs on the safe haven JPY and could limit the slide. The pair USD/JPY remains under pressure […]
USD / CHF drops to two-week lows, around 0.9075 region
USD / CHF saw some new selling on Monday and broke below a multi-day trading range. The Fed’s dovish expectations continued to weigh on the USD and put some pressure on the pair. The bullish market sentiment could undermine the safe haven CHF and help limit deeper losses. The pair USD/CHF it weakened further below […]
USD / CAD falls to new daily lows near the 1.3050 level
A combination of factors triggers new selling around USD / CAD on Monday. Optimism over the COVID-19 vaccine leads to a modest rebound in oil and benefits CAD. Pessimistic expectations from the Fed weigh on the USD and put some additional downward pressure. The pair USD / CAD moves with a negative bias during the […]
USD / JPY struggles to find a direction trapped within a range below the 104.00 level
USD JPY remains trapped within a narrow range below the round level of 104.00. Optimism over the COVID-19 vaccine weighs on the safe haven JPY and offers some support. Pessimistic expectations from the Fed weigh on USD bulls and limit the pair’s rise. The pair USD/JPY is extending its sideways consolidation move at the start […]
S&P 500 Swaying as Traders Weigh Prospects for US Fiscal Stimulus, Treasury-Fed Dispute
The S&P 500 has been oscillating since the open, between the 3560 and 3570. Traders are weighing the possibility of more fiscal stimulus in the United States, as well as the Treasury’s decision not to continue with the Fed’s emergency loan programs. The index is at risk of breaking an uptrend that could open the […]
