The The United States Federal Reserve will ensure that it communicates its asset purchase intentions well in advance.The President of the Federal Reserve Bank of Kansas City said Tuesday, Esther George, as reported by Reuters. Featured statements: “The efficacy that is being achieved with vaccinated people is very important.” “We’re comfortable with monetary policy right […]
Tag: Index Dollar
Vaccination delays are among the greatest risks facing recovery – Esther George
The Vaccination delays are among the most substantial risks facing the economic recovery in the United StatesThe President of the Federal Reserve Bank of Kansas City said Tuesday, Esther George, as reported by Reuters. Featured statements: “Consumers are ready to spend, companies will rebuild inventories once the virus is gone and daily decision making is […]
Fed is ready to foster a broad-based sustainable recovery
The policy makers of the United States Federal Reserve are prepared to respond appropriately to foster a sustainable recovery broad-based, said Tuesday Cleveland Fed President Loretta Mester, as reported by Reuters. Featured Comments: “Both monetary and fiscal policy will continue to be needed to limit lasting damage to the economy.” “There is high degree of […]
Bearish pressure would ease above 91.00
The DXY rally petered out around 90.70 on Monday. New momentum should meet the next hurdle at the 91.00 area. After bottoming out at new lows near 89.20 at the beginning of the new year, the dollar managed to regain moderate buying attention and lifted the US dollar index (DXY) to the neighborhood of 90.70 […]
WTI hits 11-month highs above $ 53 level
WTI reaches the highest level since February 2020 around $ 53.25. The USD pullback, Saudi cuts and US stimulus hopes are driving oil prices. The focus shifts to weekly API crude stocks and coronavirus updates. He WTI (NYMEX futures) has broken up the consolidation mode of the Asian session and has reached new eleven-month highs […]
DXY US Dollar Index Struggles To Advance Above 90.50 Level
The DXY index found stiff resistance at the 90.70 / 75 region on Monday. Higher US yields continue to drive the DXY index rally. The NFIB index, the IBD / TIPP index, and various Fed speeches stand out on today’s economic calendar. He US dollar DXY index, which measures the strength of the dollar against […]
Sellers target the 200 hourly SMA amid a bearish technical setup
USD / CAD accelerates the slide towards the 200 hourly SMA. Breakout of an ascending channel detected on the 15-minute chart. 1.2778 is likely to keep recovery attempts limited. USD / CAD is feeling the force of gravity at the start of the European session on Tuesday, affected by the retreat of the US dollar […]
Bears are tired, focus is on sizable correction
The bulls pull back and point to a significant correction of the daily bearish momentum. Long-term charts also offer a bullish bias. Silver prices have halted their slide from a series of bearish daily closes, which could be perceived as an oversold market. This gives rise to prospects for a substantial upward correction. The following […]
The dollar cuts profits, separates from Wall Street
This is what you need to know to stop trading today Tuesday, January 12 during the Asian session: He dollar it extended its gains against most major currencies during the early part of the day, but gave up some ground before the Wall Street close. The US indices recovered a good part of their initial […]
Bostic says there are still steps that could be taken to support recovery
Atlanta Fed Chairman Raphael Bostic said Monday that it is difficult to know what is happening to inflation right now due to the price volatility witnessed during the pandemic, as reported by Reuters. “Making a forecast on the economy this year is really a forecast on the virus,” added Bostic. “There are still steps the […]
