AUD/USD falls to a multi-week low on Monday and is under pressure from a combination of factors. Bets on aggressive Fed rate hikes and high US bond yields push the dollar to a 20-year high. The risk-averse environment also benefits the dollar, which is a safe haven, and weighs on the risk-sensitive Aussie. The pair […]
Tag: Fed
S&P 500: After the crash, the declines continue
Wall Street futures in the red, without recovering. Metals and bonds continue to slide. The dollar remains in the zone of maximums but loses strength. After the sharp fall on Friday in the face of the Fed’s continuing harsh tone, stocks continue to slide. Futures lose around 1% and in Europe the losses are bigger. […]
EUR/USD will continue to slide towards 0.95 in the coming months – Danske Bank
The EUR/USD pair bounced on Friday amid signs of strength from the Federal Reserve and the European Central Bank (ECB), but ended the week below par. The Danske Bank economists expect the world’s most popular currency pair to extend its decline. Those responsible for the ECB warn that a “sacrifice” is necessary “The ECB appears […]
The Fed will throw the US economy into a recession – Senator Elizabeth Warren
The Democratic US Senator Elizabeth Warrenhas expressed concern on Sunday about a possible recession in the US economy, criticizing the aggressive stance of Fed Chairman Jerome Powell. Featured Statements “You know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I am very concerned that […]
Silver sinks below $19.00 on Powell’s remarks and sour sentiment
The price of silver is preparing to end the week with losses of 0.64%. The president of the Fed, Powell, reiterated the objective of the US central bank to lower inflation, even if it generates “pain for households and companies” Encouraging US economic data weighed on white metal prices, which tumbled more than $0.30. the […]
NZD/USD Plunges to Six-Week Lows on Powell’s Remarks, Sentiment Sour
NZD/USD slumps more than 1% on Friday in a risk-off environment. Powell said it will “bring some pain to households and businesses” to achieve the Fed’s 2% target. US inflation readings show signs of peaking, while US consumer sentiment improves. The NZD/USD fell to fresh weekly lows of 0.8150 on Friday, following hawkish comments from […]
S&P 500 falls to new lows after Powell’s aggressive speech
Wall Street continues to bleed after Powell’s speech. The S&P 500 sets new lows for the day. stocks on wall street trades lower in the American session following comments by Federal Reserve Chairman Jerome Powell in a speech at the central banking conference in Jackson Hole, Wyoming. He suggested that the central bank will keep […]
Fed: Be cautious about thinking that inflation has peaked — Loretta Mester
The president of the Cleveland Federal Reserve, Loretta Mester, He said on Friday that the July inflation report was good news, but added that he needed to see more convincing data to conclude that inflation was coming down, as reported by Reuters. Other points to consider “I think FOMC Chairman Jerome Powell sent a very […]
USD/JPY recovers 137.00 after Powell’s speech that strengthens the USD
USD/JPY advanced 0.56% on Friday amid a bear market environment. Fed’s Powell: “Restoring price stability will likely require maintaining a restrictive policy stance for some time” The money market futures odds of a 75 basis point Fed rate hike stand at 56.5%. The USD/JPY advances in the American session, following aggressive comments by Fed Chairman […]
GBP/USD remains volatile after Powell’s Jackson Hole speech, remains above 1.1800
GBP/USD traded in a range of 1.1820-1.1900 following Powell’s Fed speech. The tone of Fed Powell’s speech was hawkish but cautious, trying not to derail the markets. GBP/USD Price Analysis: Raised towards 1.1900 as Powell finished his speech, but has erased those gains. The GBP/USD reels as Fed Chairman Powell takes the dais at the […]
