USD/CAD gained some positive traction on Monday and snapped a ten-day losing streak. A drop in oil prices undermined the loonie and extended support amid sustained dollar buying. The lack of follow-on buy guarantees warns before positioning for any further recovery. The pair USD/CAD traded with a positive bias heading into the American session, though […]
Tag: Fed
Looks vulnerable near the 1.3100 level, bearish pennant breakout
-637840658275859952.png "Looks vulnerable near the 1.3100 level, bearish pennant breakout")
GBP/USD witnessed selling for the fourth day in a row and fell to a one-week low on Monday. Expectations of a hawkish Fed continued to underpin the USD and acted as a headwind for the major. Dovish comments from the BoE’s Bailey weighed on sterling and contributed to the ongoing slide. The pair GBP/USD it […]
XAU/USD drops to multi-day lows below $1,930
-637840527352936784.png "XAU/USD drops to multi-day lows below ,930")
Gold witnesses strong selling on Monday and reverses recent gains to a near two-week high. Hopes for a diplomatic solution to end the war in Ukraine weigh on safe haven XAU/USD. Aggressive expectations from the Fed, rising US bond yields and a stronger dollar add to the intraday selling bias. The Gold was met with […]
USD/JPY extends relentless rally towards 125.00, highest level since Aug 2015
USD/JPY regains strong positive traction on Monday and rises near the 125.00 level. JPY witnesses strong selling after BoJ offered to buy unlimited 10-year JGB. Aggressive expectations from the Fed benefit the USD and continue to support the pair’s strong upward move. The pair USD/JPY has continued to move higher during the first half of […]
AUD/USD Consolidates Recent Gains at Yearly Highs, Holds Steady Above 0.7500
AUD/USD extends its sideways consolidation move on the first day of a new week. The recent rally in commodity prices benefits the AUD. A softer risk tone and dovish expectations from the Fed benefit the USD and limit the pair’s upside. The pair AUD/USD trades within a tight range at the start of the European […]
The speed of interest rate hikes this year should be based on data — John Williams
New York Fed President and influential FOMC member John Williams said on Friday that the speed of interest rate increases this year should be driven by data, Reuters reported. Featured Statements “The Fed needs to be clear that both the balance sheet reduction and rate hikes will affect financial conditions.” “Given the imbalances between supply […]
The economic implications of Covid-19 and the war in Ukraine are highly uncertain — John Williams
New York Fed President and influential FOMC member John Williams said on Friday that the economic implications of the Covid-19 pandemic and the war in Ukraine are highly uncertain, Reuters reported. Many countries are facing a sharp rise in inflation and the actions taken by central banks affect capital flows between countries. Therefore, transparency in […]
AUD/USD steady near yearly high, sideways above 0.7500
AUD/USD was seen to consolidate its recent strong gains posted over the last two weeks or so. The Fed’s hawkish outlook acted as a tailwind for the USD and kept a cap on any significant gains. Playing a risk-on positive tone, bullish commodity prices provided some support for the resource-linked Aussie. The pair AUD/USD traded […]
USD/JPY remains depressed below 122.00, downside remains limited
USD/JPY witnessed an intraday pullback from the multi-year spike hit earlier on Friday. Extremely overbought conditions prompted some profit taking amid modest USD weakness. The monetary policy divergence between the Fed and the BoJ supports the prospect of buying on dips. The pair USD/JPY It maintained its offered tone heading into the American session and […]
AUD/USD gives back early gains to fresh yearly high and pulls back near 0.7500
AUD/USD is witnessing a modest intraday retracement from fresh yearly highs hit early this Friday. The Fed’s dovish outlook and high US bond yields benefit the USD and limit the pair’s advance. Rising commodity prices continue to support the AUD and helped limit any further losses. The pair AUD/USD has retraced early gains to a […]
