This is what you need to know to trade today Tuesday, June 22: The optimistic mood of the US markets in the last session extends through Tuesday, as Asian stocks rebound from monthly lows amid easing fears of tightening by the Federal Reserve. Fed policy makers James Bullard and Robert Kaplan tempered the hawkish rhetoric […]
Tag: Index Dollar
Forex Today – Asian session: The dollar corrects lower but remains the strongest
What you need to know on Tuesday, June 22: The dollar corrected the extreme overbought conditions, but it is still the strongest currency in the foreign exchange market. It lost most of the ground during US business hours amid strong Wall Street gains. The EUR / USD pair corrected to 1.1920, staying close to the […]
The economy has not improved enough to reduce policy stimulus – John Williams
John Williams of the New York Fed, who is speaking at a banking conference has stated that inflation is likely to rise to 3% this year before falling to around 2% in 2022. Williams predicts that US GDP will expand 7% in 2021 year-over-year. He said the economy has not improved enough to reduce policy […]
GBP / USD bulls face bears and look at the 1.40 area and the BoE
GBP / USD bulls are back at 1.40. Not all eyes are on the Bank of England or the interest rate decision. The GBP/USD it is trading at 1.3930 and is up nearly 1% after rising from a low of 1.3786 to a high of 1.3934. The pound has recovered from its lowest level against […]
The Fed Wouldn’t Raise Rates Until Tappering Is Complete – James Bullard
“The US Federal Reserve will have no problem claiming further substantial progress in repairing the labor market by the time the phasing out begins,” it said Monday. St. Louis Fed President James Bullard, as reported by Reuters. Featured statements “The playbook on the set-up of the great financial crisis may not be the same one […]
Low Interest Rates and the Era of Low Inflation Don’t End Soon – James Bullard
St. Louis Fed President James Bullardsaid Monday that they will no longer need the emergency policies as the pandemic comes to an end, it reported. Reuters. Featured statements “The era of low interest rates and low inflation rates will not end anytime soon.” “The Fed had the opportunity to test the framework within the first […]
Bullard says you will have to be prepared to make adjustments to tapering
“I didn’t want to open the debate on tapering until the pandemic was more clearly under control, but now we are at that point.“St. Louis Fed Chairman James Bullard said Monday, Reuters reported. Additional comments “We are in a new era in which inflation is above target“. “There doesn’t seem to be much doubt that […]
Bullard Says Be Prepared for Upward Risks of Inflation
“We are in a much stronger position regarding the reopening and inflation has come along with it“St. Louis Fed Chairman James Bullard said Monday, Reuters reported. Additional comments “We expect a 2.5% core PCE inflation by 2022.” “If you average that over the last few years, you get close to 2% inflation.” “No one really […]
Salary problems could be more persistent – Robert Kaplan
The President of the Dallas Fed, Robert Kaplan, said on Monday that household balance sheets are in much better shape, but added that the Fears of inflation and lack of access to child care are holding some workers back, as reported by Reuters. Featured statements “The demand seems very strong and what we are seeing […]
Policy makers react dramatically to improved economic outlook – Kaplan
Commenting on the latest summary of the FOMC’s economic projections, the Dallas Fed Chairman, Robert Kaplan, said authorities are reacting dramatically to an improved economic outlook, Reuters reported. Featured statements “The Dallas Fed still expects GDP growth of around 6.5% in 2021“. “We expect the unemployment rate to drop to around 4%” “The acceleration of […]