NZD/USD is moving lower for the third day in a row and falls to a one-week low on Monday. Rising expectations of a 0.50% Fed rate hike lifts US bond yields and continues to benefit the USD. Risk aversion weighs on the higher perceived risk NZD and adds to the selling bias in the pair. […]
Tag: Fed
USD/CAD hits lows below 1.2700 as oil rises
USD/CAD made lows below 1.2700. Rise in the price of oil helped the loonie throughout the market. The dollar loses strength due to a decline in Treasury bond yields. USD/CAD extended its intraday decline in the European session and fell as low as 1.2693 in the last hour. A combination of factors did not help […]
Brighter outlook, forecast at 1.11 mid-year then recovering to 1.15 – Rabobank
In addition to the recent aggressive turn by the European Central Bank (ECB), economists at rabbank they see positioning as supporting EUR recovery. However, this does not mean that the shared currency is guaranteed to have an easy ride in the coming months. EUR/USD at 1.15 in a one year perspective “We think the market […]
US economy likely to return to pre-Covid trend this quarter – Thomas Barkin
After Thursday’s inflation data, Thomas Barkina Fed member and president of the Richmond Fed, said the economy will likely return to pre-Covid trend this quarter. Barkin said it’s hard to know if we’ll go back to the stable world of the previous decade or not, and hopes that “we can get rates back to pre-pandemic […]
EUR/USD Hits New Yearly Highs Near 1.1500
EUR/USD hits a new yearly high at 1.1495, 5 pips close to 1.1500. Market sentiment is mixed due to the higher-than-expected US inflation figure. Money market futures show a 71% chance that the US central bank will hike 50bps on the Fed’s Bullard comments. The EUR/USD has a neutral bullish trend but would need a […]
USD/JPY surges past 116.00, targeting 2021 highs after US CPI.
USD/JPY rallied sharply and spiked to a more than one-month high during the early American session. Strong US CPI figures boosted US bond yields and provided a strong boost to the USD. Technical buying above the 115.70 and 116.00 area added to the momentum. The pair USD/JPY caught fresh offers during the early American session […]
GBP/USD updates daily lows, around the 1.3525 zone after US CPI.
GBP/USD plunged more than 50 pips in the last hour amid a strong rally in USD demand. Higher-than-expected US CPI figures fueled the Fed’s rate hike bets and lifted the dollar. The bears could wait for a sustained break below 1.3500 before placing further bets. The pair GBP/USD witnessed a dramatic turnaround in reaction to […]
GBP/USD jumps to daily highs above 1.3550 ahead of US CPI.
GBP/USD moves firmly higher during the European session on Thursday and is supported by modest USD weakness. A positive risk sentiment turns out to be a key factor weighing on the safe haven US dollar. Brexit jitters and Fed hawkish expectations should cap the pair’s gains ahead of the US CPI release. The pair GBP/USD […]
AUD/USD rises to 0.7190 region, lacks bullish conviction ahead of US CPI.
AUD/USD recovers from an initial drop and is back close to two-week highs set on Wednesday. Positive risk sentiment offers support to the higher perceived risk AUD amid subdued demand around the USD. The upside looks limited as investors prefer to wait on the sidelines ahead of the US CPI release. The pair AUD/USD has […]
USD/JPY rises to one-month highs around 115.70, focus remains on US CPI.
USD/JPY regains traction on Thursday and spikes to a one-month high around the 115.70 area. Risk appetite weighs on the safe haven JPY and acts as a tailwind for the pair. Upbeat Fed expectations and elevated US bond yields support the pair’s move higher ahead of US CPI data. The pair USD/JPY moves higher at […]
