EUR/USD has fallen to a new low for the year at 1.1099. “Traders are increasingly hedging against declines in the euro as they prepare for the damage the war in Ukraine could wreak on the European economy,” a Bloomberg article read today. The move is an extension of the weekly build on the short side […]
Tag: Last minute
Break below 1.1120 to the lowest level since May 2020
US dollar extends gains across the board amid risk aversion. The Russian invasion of Ukraine shocked the financial markets. EUR/USD is trading at its lowest level since May 2020. The EUR/USD fell below 1.1120 reaching the lowest level since May 2020. The pair remains under pressure after the Russian army invaded Ukraine. Panic mode in […]
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 […]
Most of the participants believe that the conditions for the rate increase could be fulfilled soon
The Minutes of the FOMC meeting December 14-15, published on Wednesday, showed that most participants believed that the conditions for the rate hike could be met soon if the recent pace of improvement in the labor market continued. Additional statements: “In light of elevated inflationary pressures and a strengthening labor market, FOMC participants were of […]
Bank of Canada maintains its monetary policy unchanged in December as expected
The Bank of Canada announced on Wednesday that it has decided to leave its benchmark interest rate unchanged at 0.25%, as most economists, analysts, and traders expected. Short-term interest rate markets (STIRs) had priced at a modest 16% probability that the central bank would raise interest rates 25 basis points to 0.50%. Key Findings from […]
Last minute! Biden keeps Jerome Powell as Fed chairman
The White House announced Monday that the chairman of the Federal Reserve, Jerome Powell, has been elected to a second four-year term by United States President Joe Biden. Lael Brainard, the other main candidate for the position, will become the new vice president, as revealed in the press release. Market reaction The dollar gained strength […]
USD / JPY marks new cycle highs at 114.70
The USD/JPY it just hit a new cycle high of 114.70 as the US dollar gains more ground, trading offered at 95.925 against a basket of rival currencies as measured by the DXY index. USD/JPY H1 Chart The US dollar has been better positioned since last week’s inflation data surprised to the upside and showed […]
EUR / USD breaks below 1.1500
The pair EUR / USD has just broken the 1.1500 level and has reached the lowest low since July 2020 as follows: EUR / USD daily chart The price has room to go up to the region of 1.1450 at this rate based on the chart above, at summer 2020 levels. EUR / USD 1 […]
Gold rises to $ 1,800 for the first time in a month
Following Wednesday’s impressive rebound, the Gold (XAU / USD) has retained its bullish momentum in the first half of Thursday and has touched the $ 1,800 level for the first time since mid-September. At the time of writing, the XAU / USD is up 0.39% on the day, trading at $ 1,800.01. Falling US Treasury […]
EUR / USD falls below 1.1600
The EUR / USD has broken through 1.1600 amid persistent momentum in the dollar, trading at its lowest level in September 2020. The dollar continues to strengthen despite US government bond yields. They fell back from fresh multi-month highs, with the 10-year Treasury yield currently. by around 1.52% after peaking at 1.56% earlier in the […]