This is what you need to know to trade today Wednesday February 16: The positive change observed in the market sentiment due to the increase in hopes of a de-escalation of the conflict between Russia and Ukraine allowed risk flows to dominate financial markets on Tuesday. Investors, however, remain cautious early on Wednesday after US […]
Tag: Fed
GBP/USD finds no direction, trades below 1.3550
GBP/USD has been hovering below 1.3550, with GBP dovish despite better risk appetite. The pound appears to have formed a descending triangle in the past few weeks, implying a possible break down towards recent lows below 1.3400. The GBP/USD has seen choppy, two-way trading conditions on Tuesday, oscillating between session highs at 1.3565 and session […]
USD/JPY rebounds from 115.00 level after aggressive statements from Fed members
USD/JPY rallied from 115.00 as the USD became the safe haven of choice amid ongoing geopolitical concerns on Monday. Dovish comments from the Fed’s Bullard pushed US yields higher, reducing the appeal of the yen and boosting the dollar. The USD/JPY rallied from the 1.1500 level during US trade on Monday, after failing multiple times […]
Bullard reiterates the request for an adjustment of 100 basis points before July 1
Louis Fed President and 2022 Voting Member of the FOMC, James Bullardreiterated on Monday its request for 100 basis point increases in interest rates by July 1citing the last four inflation reports showing mounting inflationary pressures. “The credibility of the Fed is at stakeBullard continued, saying that the entity needs to assure the population that […]
NZD/USD flirts with 1-week lows just below 0.6600 amid stronger USD/risk aversion
A combination of factors dragged NZD/USD lower for the third day in a row on Monday. Growing bets on a 50bp Fed rate hike in March continued to act as a tailwind for the USD. Risk aversion weighed on the kiwi perceived as riskier and also contributed to the drop. The pair NZD/USD it maintained […]
AUD/USD bounces away from 1-week lows, still bearish near 0.7100
A combination of factors dragged AUD/USD lower for the third day in a row on Monday. Bets on a 50 bps Fed rate hike in March supported the dollar amid geopolitical tensions. Risk aversion contributed to bearish pressure on the perceived riskier Aussie. The pair AUD/USD it remained depressed during the early European session and […]
USD/CAD moves closer to 1.2800 again on a stronger dollar
A combination of factors gave support to USD/CAD, which hit the highest in more than a week on Monday. Fall in stock markets, stronger dollar and correction of oil play against the CAD. Low yields on Treasury bonds limit the rise in the dollar. USD/CAD climbed to 1.2783, the highest level in a week before […]
USD/CHF struggles to find a direction, trapped in a range around 0.9250
USD/CHF is struggling to gain any significant traction and remains stuck in a range on Monday. Geopolitical tensions benefit the safe haven CHF and weigh on the pair. Aggressive Fed expectations and high US bond yields support the USD and help limit any further losses in the pair. The USD/CHF trades between timid gains and […]
The Fed will raise rates 0.50% in March and 0.25% at each of the next six meetings – Danske Bank
The economists of Danske Bank they are once again changing their forecasts on the Federal Reserve. They expect 2% rate hikes this year starting in March with a 0.50% increase. US recession fears are rising as the yield curve flattens “We changed our vision of the Fed’s action and now we expect it to raise […]
EUR/USD traces a trading range from 1.10/1.12 to 1.15 – ING
Ahead of what could be a very aggressive Fed tightening cycle, analysts at ING They remain bullish against the dollar. As for EUR/USD, the recent hawkish turn by the European Central Bank (ECB) suggests that the pair will probably move in a wide range of 1.10-1.15 this year. March will be a crucial month for […]
