NZD/USD is witnessing a modest pullback from a four-month high hit earlier this Wednesday. High US bond yields benefit the USD and cause some intraday profit taking in the pair. Risk appetite and rising commodity prices should help limit NZD losses. The pair NZD/USD moves lower early in the European session and falls to a […]
Tag: Fed
NZD/USD rallies towards 0.6950, hits highest level since late November
NZD/USD hit its highest level since late November in the 0.6950 area on Tuesday. Tuesday’s kiwi rally comes amid strong risk appetite and broad bullish momentum across the global equity space. NZD also has the added tailwind of one of the most aggressive G10 central banks in the RBNZ. The NZD/USD it rose to the […]
EUR/USD reclaims 1.1000 level amid USD strength and aggressive Fed comments
On Tuesday, the shared currency trims some of Monday’s losses, rising 0.07%. Risk appetite increased, despite the continued escalation of the Russia-Ukraine conflict and an aggressive Fed line. EUR/USD Price Forecast: Downside Bias Below 1.1100. After two days of losses in the American session, the shared currency rises amid a risk-on market mood and a […]
GBP/USD rises near two-week highs, climbs towards 1.3250
GBP/USD hit a nearly two-week high above the 1.3200 level on Tuesday, rising as much as 0.7% to 1.3250. The pair has been supported by the strength of risk appetite as global equities rise, resulting in a weaker USD. GBP/USD break above 1.3160-1.3200 resistance could be a key technical level but UK fundamentals are weak. […]
USD/CAD rises and breaks above 1.2600
USD/CAD rises after five days in bearish numbers. Fed Chairman Powell approves 50bp rate hikes and it could happen not just once. USD/CAD Price Forecast: Broke 200 DMA, exposing USD/CAD to further downside pressure with 1.2500 as the next target. The USD/CAD breaks five days of consecutive losses amid a mood of risk appetite in […]
USD/JPY pulls back coming back from multi-year highs above 121.00
Rising international yields (vs. Japan) and more dovish comments from the BoJ are hitting the yen hard on Tuesday. USD/JPY hit multi-year highs above 121.00 before pulling back a bit, with gains for the month close to 5.0%. The JPY continues to suffer from a bearish mix of dovish BoJ rhetoric and rising yields and […]
USD/JPY could rise to 125.00 in the coming weeks – ING
The USD/JPY pair has risen above the 120.00 level today. Fed’s aggressive fight against inflation could send USD/JPY to 125.00according to economists at ING. The hunt for the Fed’s terminal rate continues “The aggressive comments yesterday from Fed Chairman Jerome Powell, have given another boost to US rate markets. Much speculation is expected on whether […]
Forex Today – Asian Session: Dollar Rises on Powell’s Comments
What you should know on Tuesday, March 22: The dollar started the US session on the wrong foot, but strengthened following comments from US Federal Reserve Chairman Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics’ Annual Economic Policy Conference, Powell said if they need to raise the fed funds […]
NZD/USD stops at the 200 DMA and falls below 0.6900
New Zealand dollar pulls back from last week’s highs on bearish market sentiment. Fed’s Powell: If necessary, the Fed would raise rates more than 25 bps in a meeting or meetings. NZD/USD Price Forecast: Neutral to the Upside, Daily Close Above 200 DMA Required to Extend Uptrend Further. The NZD/USD starts the week with a […]
I don’t see a high probability of a recession in the next year
Fed Chairman Jerome Powell he said in a speech on Monday that he does not see a high probability of a recession in the coming year, Reuters reported. Additional remarks: “It’s hard to say what the economy will look like in the wake of recent events, but no one is sitting around waiting for the […]
