GBP/USD is moving lower for the third day in a row after an initial rally to the 1.3225 region. Disappointing UK retail sales data weighs on sterling amid some buying around the dollar. The Fed’s dovish outlook continues to act as a tailwind for the USD and puts pressure on the pair. The pair GBP/USD […]
Tag: Fed
USD/CHF consolidates recent losses to two-week lows, holds above 0.9250
USD/CHF is down for the fourth day in a row amid broad-based USD weakness. Risk appetite weighs on safe-haven CHF and helps limit losses for the pair. The Fed’s dovish outlook supports expectations of some USD buying. The pair USD/CHF now appears to have entered a bearish consolidation phasetrading in a range just a few […]
USD/JPY bounces off daily lows, remains capped below 122.00
USD/JPY corrects sharply from a new multi-year high hit early this Friday. Modest USD weakness turns out to be a key factor motivating some profit-taking in the pair. Monetary policy divergence between the Fed and BoJ and high US bond yields help limit losses. The pair USD/JPY has quickly recovered from the daily low of […]
EUR/USD remains capped below 1.1000
Despite multiple attempts so far this session, the EUR/USD has not been able to break above the 1.1000 level. The euro ignored Eurozone PMI figures with traders concerned about Russia’s new demand for energy payments in rubles. Dollar strength amid the Fed’s hawkish turnaround and safe haven demand is also weighing on the pair. Despite […]
My view of the appropriate path for monetary policy is in line with the median – Charles Evans
Chicago Fed President and FOMC member Charles Evans said on Thursday that his view on the appropriate path for Fed monetary policy is in line with the Fed’s median view (ie six hikes of more than 25 basis points in 2022 and another four in 2023)as reported by Reuters. Additional comments “Monetary policy should move […]
USD/JPY hits a new multi-year high, eyeing the 122.00 level
USD/JPY continued to rise on Thursday and reached the highest level since December 2015. Diverging monetary policy outlooks from the Fed and BoJ weighed on the JPY amid a positive risk tone. Rising US bond yields supported the USD and continued to support the strong move higher. The pair USD/JPY maintained its strong tone offered […]
We are closely monitoring the housing market to judge the adequacy of the monetary stance – Christopher Waller
The member of the board of governors of the Fed Christopher Waller said on Thursday that they are closely watching the housing market to judge the adequacy of the Fed’s monetary stancereported Reuters. Featured Statements: “I’m noting whether the continued sharp rise in house prices poses risks to financial stability“. “The rising rental cost has […]
AUD/USD trims intraday losses, remains bearish below 0.7500
AUD/USD struggled to find acceptance above 0.7500 and turned lower on Thursday. The Fed’s dovish outlook, high US bond yields supported the USD and put pressure on it. A positive risk tone extended support to the Australian dollar perceived as riskier and helped limit the decline. The pair reacted little to mixed US macro data […]
USD/CHF pulls back from daily highs, holds modest gains around 0.9320
USD/CHF attracts fresh buying on Thursday, though rally lacks bullish conviction. The Fed’s aggressive outlook benefits the USD and supports the pair’s upward move. The stability in the stock markets and the decision of the SNB to maintain the status quo weigh on the CHF. The lack of continuation purchases warrants caution before positioning yourself […]
USD/MXN falls sharply as bears eye 20.1500 ahead of Banxico meeting
USD/MXN remains down around 1% on the week. Geopolitical problems in Eastern Europe and the Fed keep riskier assets under pressure. Rabobank: Banxico will raise 50 bps and expects bank rates to end around 8% in 2022. USD/MXN Price Forecast: Bias to the Downside as a break of 20.1500 is seen, exposing the psychological level […]
