USD/JPY continues to trade with a bullish bias and is now above 121.00 and at new multi-year highs. The pair’s gains for the month now stand at an impressive 5.3%, although it looks technically overbought. Wednesday’s rise reflects a continuing stream of dovish comments from the Fed, with bullish momentum in US yields waning. The […]
Tag: Fed
NZD/USD falls from weekly highs towards 0.6960
NZD/USD falls from around 0.6975 as market sentiment softened on Russia/Ukraine issues. The dollar is holding firm, supported by Fed policymakers. Cleveland Fed President Mester adds her name to the list of aggressive Fed members. NZD/USD Price Forecast: Break above the 200 DMA changed the bias to the upside, though facing solid resistance around 0.7000. […]
I want rates to reach at least 2.5%, inflation is the most important – Mary Daly
San Francisco Fed President and FOMC member Mary Daly said on Wednesday that wants to raise rates to around 2.5% given that inflation is the most important thingas reported by Reuters. The real neutral rate is about 0.5%, which means the nominal rate is around 2.5%, Daly said, adding that some increase in the monetary […]
Mester reiterates some 50bp rate hikes will be needed this year
The president of the Cleveland Fed and member of the FOMC, Loretta Mesterreiterated on Wednesday his view that the Fed will have to make some 50 basis point rate hikes this yearas reported by Reuters. Featured Statements “I would like to bring forward some of our interest rate hikes and it is better to do […]
AUD/USD remains defensive near 0.7450, downside remains limited
AUD/USD witnessed a modest intraday pullback from the new yearly high hit on Wednesday. Fed hawkish outlook, high US bond yields underpinned USD and capped upside. The crisis between Russia and Ukraine weighed on investor sentiment and also benefited the safe-haven dollar. Upward pressure on commodity prices helped limit deeper losses for the Australian dollar. […]
USD/CAD recovers from two-week lows, trades around 1.2600
USD/CAD recovers from two-month low, jumps off 200 DMA around 1.2600 USD/CAD gained some positive traction on Wednesday and snapped a six-day losing streak. The intraday recovery from the two-month low was fueled by a modest pickup in USD demand. Rising oil prices underpinned the loonie and could limit any significant gains for the pair. […]
EUR/USD pulls back below 1.1000
EUR/USD is back below 1.1000 after aggressive comments from the Fed and rising oil prices. Coming up, Fed speakers will remain in focus along with geopolitics and March flash PMIs on Thursday. The EUR/USD has retraced to levels below 1.1000 for the second consecutive session as it was again unable to break above its 21-day […]
XAU/USD climbs back above $1,930 amid cautious market sentiment
-637836253485105724.png "XAU/USD climbs back above ,930 amid cautious market sentiment")
Gold regains strength on Wednesday amid lack of progress in peace talks between Russia and Ukraine. The Fed’s dovish outlook and elevated US bond yields could act as a headwind for the precious metal. The appearance of some purchases around the USD could help limit the rise in gold prices. The gold has attracted some […]
GBP/USD at daily lows, approaches 1.3200 ahead of Powell and Bailey
GBP/USD is witnessing a sharp pullback from the 2 1/2 week high hit on Wednesday. A dovish assessment of the BoE’s decision last week acts as a headwind for the British pound. The appearance of some buying around the USD further contributes to the intraday drop of around 100 pips. The pair of GBP/USD moves […]
USD/CHF maintains modest gains around 0.9350, lacks bullish conviction
USD/CHF regains positive traction on Wednesday amid the appearance of some buying around the USD. High yields on US bonds and the Fed’s aggressive outlook continue to benefit the dollar. A modest pullback in equity markets benefits the safe-haven CHF and caps the pair’s upside. The pair USD/CHF moves higher during the European session on […]
