NZD/USD captures new buying on Monday and approaches monthly high again. Risk appetite weighs on the safe-haven USD and benefits the perceived riskier NZD. The absence of relevant economic releases warrants some caution before opening aggressive bullish positions. The pair NZD/USD has built on its steady intraday rise at the start of the European session […]
Tag: Fed
AUD/USD fails to hold above the 0.7200 level
AUD/USD failed to hold above 0.7200 for the third session in a row as geopolitical angst underpinned US dollar demand. Geopolitics will be the highlight for the pair next week, although Australian Q4 wage data will also be key. The AUD/USD failed to hold above 0.7200 for the third session in a row, despite strong […]
Inflation is too high right now, but there are reasons for optimism — John Williams
The president of the New York Fed, the influential member of the FOMC, John Williams, said on Friday that inflation is too high right now, but there are some reasons for optimism that it will come down, according to Reuters. Additional statements “Companies that rely on people commuting to work in the office are experiencing […]
Hopes it’s appropriate to raise rates in March — John Williams
The president of the New York Fed, the influential member of the FOMC, John Williams, he said on Friday that he expects it would be appropriate to increase the target range for federal funds in March, according to Reuters. Williams added that he then expects the Fed to begin the process of steadily and predictably […]
USD/JPY slides off daily highs but holds on to 115.00 zone
USD/JPY is losing 0.23% amid a mixed market mood for the week. DXY approaches 96.00 despite rising tensions in Ukraine. The Fed’s Bullard and Mester are in favor of raising rates at a faster pace. USD/JPY Technical Outlook: Trending up, but a daily close below the 50-day DMA would open the door towards 114.00. The […]
AUD/USD hangs on to gains near weekly highs just above 0.7200
AUD/USD regained some positive traction on Friday and rose to fresh weekly highs. The easing of tensions between Russia and Ukraine undermined the safe-haven USD. The RBA rate hike bets further inspired Australian bulls and continued to support the rise. The AUD/USD pair pulled back a few pips from weekly highs hit earlier this Friday […]
Rate hikes not a concern for XAU/USD – ANZ
Popular opinion is that interest rate hikes are bearish for the price of gold. The comparison of the path of interest rates and the yellow metal suggests otherwiseaccording to the strategists of the bank ANZ. Gold will stand firm “Since 1970 the correlation has only been about 28% and is not considered significant. When broken […]
USD/CAD falls back towards 1.2685, geopolitics still in the spotlight
USD/CAD saw choppy trading conditions on Thursday and was once again sideways around 1.2680, having hit 1.2734. Geopolitics remains the main topic of conversation in the market, with investors nervous as relations between NATO and Russia deteriorate and bombing in Ukraine resumes. The USD/CAD experienced choppy and indecisive trading conditions on Thursday, rallying as high […]
Bullard insists on a 1% rate hike by July 1, once again cites high inflation
St. Louis Fed President and voting FOMC member in 2022, James Bullardreiterated on Thursday its call for a 100 basis point hike in Federal Funds interest rates for July 1. His argument was again high inflation. “We want to stick with the best policy we can and let the market adjust appropriately,” Bullard said in […]
USD/CHF falls below 0.9200, fresh two-week low amid global flight to safety
A combination of factors dragged USD/CHF lower for the second day in a row on Thursday. As US bond yields retreated, the less aggressive FOMC Minutes acted as a direction for the dollar. Nervousness between Russia and Ukraine benefited the safe haven CHF and also contributed to the selling bias. The pair USD/CHF fell to […]
