AUD/USD reversed an intraday drop to the 0.7150 area amid the onset of fresh USD selling. As US bond yields retreated, the less aggressive FOMC Minutes continued to weigh on the dollar. Geopolitical tensions, risk aversion momentum could limit the rise of the Australian dollar perceived as more risky. The pair AUD/USD it traded with […]
Tag: Fed
USD/CAD pulls back to 1.2700 amid modest USD weakness and rising oil prices
A combination of factors did not help USD/CAD to capitalize on its modest intraday gains. A rebound in oil prices underpinned the loonie and capped the upside amid renewed USD selling. A recovery in risk sentiment, retreating US bond yields weighed on the safe-haven dollar. The pair USD/CAD trimmed some of its intraday gains and […]
Forex Today – Asian Session: Fed Unsurprising, Geopolitical Tensions Rising
What you should know on Thursday, February 17: The US dollar fell on Wednesday, despite upbeat US data releases and uncertainty related to border tensions with Russia and Ukraine. Additionally, the US Federal Reserve released the Minutes from the latest FOMC meeting, indicating that policymakers are willing to hike rates, but did not mention a […]
Most participants suggested a faster pace of interest rate increases compared to 2015
The minutes of the FOMC meeting of January 25 and 26, released Wednesday, said most participants suggested a faster pace of target rate increases for the fed funds rate would likely be warranted than in the post-2015 period. Additional statements – Reuters Members continued to emphasize that maintaining the flexibility to implement appropriate policy adjustments […]
AUD/USD rises around 0.7185 amid risk-off conditions
AUD/USD extends its gains on the week, rising as much as 0.78%. Rising tensions in the conflict between Russia and Ukraine could not stop the risk-sensitive AUD from rising. The Fed’s Kashkari and Harker favor “gradual” 25bp hikes for fear of triggering a recession. AUD/USD in the short term is biased to the upside but […]
US Dollar Index remains defensive below 96.00 ahead of FOMC
DXY’s upside remains capped by the 96.00 area. US retail sales surprised to the upside last month. The FOMC Minutes take center stage later in the session. The US dollar index (DXY), which measures the dollar against a bunch of its main competitors, finds decent support near 95.70 midweek. US Dollar Index Offered Before FOMC […]
AUD/USD moves little after US macro data, focus remains on FOMC Minutes
AUD/SUD gained traction for the second day in a row amid modest USD weakness. Aggressive Fed expectations, upbeat US retail sales helped limit any further USD losses. Investors may prefer to wait on the sidelines before the FOMC Meeting Minutes. The pair AUD/USD pulled back a few pips from the weekly high hit earlier this […]
USD/CHF trades with modest gains, above 0.9250 ahead of US data/FOMC Minutes
The decline in safe haven demand weighed on the CHF and helped USD/CHF regain positive traction. The modest USD weakness prevented the bulls from making aggressive bets and capped any further gains. Investors are eagerly awaiting the US retail sales data to gain some momentum ahead of the FOMC Minutes. The pair USD/CHF traded with […]
USD/JPY consolidates in range above 115.50 ahead of US retail sales and FOMC minutes
A positive risk tone weighs on the safe-haven JPY and offers USD/JPY support. Modest USD weakness keeps bulls on the defensive and caps the pair’s uptrend. The Fed’s bullish expectations and elevated US bond yields should act as a tailwind for the USD. Investors are now turning their attention to US retail sales looking for […]
Looks to climb back towards the 100-day SMA, focus on the FOMC minutes
EUR/USD maintains recent gains above 1.1350 ahead of Fed and US data. Tensions in Ukraine keep markets cautious and limit the pair’s rise. The 1.1325 level offers strong support, while the 100-day SMA looks like the key resistance. EUR/USD lacks a clear directional bias so far on Wednesday as risk sentiment continues to waver amid […]
