Gold starts March with slight losses after the biggest monthly jump since May. Markets expect a key trigger in the Ukraine-Russia standoff after peace talks ended inconclusive. Yields favor the USD, but Biden, Powell’s testimony and the US NFP will be crucial catalysts. The price of gold (XAU/USD) is rising above $1,900 once again, having […]
Tag: Fed
The tightening cycle and economic slowdown will drive a further drop to 1.08 – Danske Bank
The most important event at the moment is clearly Russia’s attack on Ukraine. In the view of economists at Danske Bank, the shock will not derail the global expansion, but with the Federal Reserve raising rates at every meeting in 2022, the pair EUR/USD is seen at 1.08 on a 12-month outlook. Ukraine crisis poses […]
S&P 500 index remains on track to enjoy further gains despite geopolitical concerns
Geopolitical tensions between Russia and Ukraine have intensified considerably over the past week. The crisis will probably mark a new security paradigm for Europe and the United States. Even so, Citibank economists they continue to trust the markets. Future capital gains will depend on the delivery of higher corporate earnings “We think the Fed is […]
EUR/USD rises to 1.1230 as risk appetite improves, focus remains on geopolitical tensions
EUR/USD is trading much calmer this Friday near the 1.1200 level after Thursday’s massive 200 pip intraday rally. Risk appetite has been at the forefront on Friday, helping push EUR/USD to session highs at 1.1230. As geopolitical uncertainty remains elevated and clouds the Fed/ECB policy outlook, EUR/USD may remain contained within the 1.1100-1.1300 range. After […]
Strong case for 0.50% rate hike in March if data is extremely hot
The governor of the Federal Reserve (Fed), Christopher Waller, said on Friday that still believes a 50 basis point rate hike in March is a possibility if economic data strengthens. Featured Comments There is a “strong case” of a 0.50% rise in March if incoming data indicates that the economy remains extremely hot. Needs “concerted […]
GBP/USD bounces off multi-day lows, still in negative below 1.3600
GBP/USD extends the previous day’s pullback and moves lower on Tuesday amid a stronger dollar. The conflict between Russia and Ukraine weighs on risk sentiment and benefits the safe-haven USD. Rising expectations for more BoE rate hikes act as a tailwind for GBP and help limit losses in the pair. The pair GBP/USD has rebounded […]
S&P 500 futures fall below 4,300 on escalating Ukraine-Russia tensions
Before the close of US stock index futures trading, S&P 500 futures fell below the 4,300 level. Russia will recognize the independence of breakaway regions in eastern Ukraine, raising tensions and weighing on sentiment. Dovish comments from the Fed may have contributed to the downside as US core PCE inflation data is due later in […]
NZD/USD surges above 0.6700, tests February highs ahead of key RBNZ rally
NZD/USD has retreated above 0.6700 on Monday despite global equities falling on geopolitical tensions. The pair points to a break above the key resistance at 0.6735, which would open the door towards 0.6800. NZD bulls are in charge ahead of this week’s key RBNZ meeting, amid talk of a 50bp hike. Despite the sharp decline […]
USD/CHF falls to a new monthly low, challenges the 200 DMA around the 0.9175 zone
A combination of factors dragged USD/CHF to a new monthly low on the first day of a new week. A general weakness of the USD was considered a key factor that acted as a headwind for the pair. The initial optimism in the markets faded quickly and boosted the demand for the CHF as a […]
USD/JPY still under pressure below 115.00, risk appetite helps limit losses
Renewed USD weakness prompts some selling around USD/JPY on Monday. Risk appetite weighs on the safe-haven JPY and helps limit losses. Mixed fundamentals warrant some caution before opening new directional positions. The pair USD/JPY remains under pressure at the start of the European session on Monday, hovering near the lower end of its daily range […]
