USD / CAD reached a new weekly high at 1.2836. Fed Chairman Powell: “It is time to withdraw the word Transient to inflation.” Jerome Powell favors a faster reduction of the union and would talk about accelerating the reduction of QE at the next meeting. The pair USD / CAD It is recovering during the […]
Tag: Macroeconomy
XAU / USD rises above $ 1,800 on falling US Treasury yields.
-637738830274137412.png "XAU / USD rises above $ 1,800 on falling US Treasury yields.")
Gold is strong as yields on 10-year US Treasuries fall 10 basis points to 1.43%. Risk-off sentiment boosted the XAU / USD outlook as the Omicron variant of COVID-19 threatens to derail economic growth. XAU / USD Technical Outlook: A break above $ 1,807 would expose $ 1,815, followed by $ 1,834. El oro (XAU/USD) […]
NZD / USD bounces away from yearly lows at 0.6787, towards 0.6800
The New Zealand dollar falls, despite recovering 0.6800, as the market assesses the impact of the omicron variant. The omicron variant of COVID-19 causes “mild” symptoms, according to SA health authorities. The Fed’s policy makers would like to increase the pace of the bond downsizing, according to the latest Minutes from the FOMC meeting. During […]
EUR / USD falls from 1.1300 to 1.1270 amid a slight improvement in market sentiment
-637738162943531658.png "EUR / USD falls from 1.1300 to 1.1270 amid a slight improvement in market sentiment")
The shared currency declines on Monday as market sentiment improves, as concerns about the omicron variant of COVID-19 ease. Broad strength of the US dollar across the board, weighing on the EUR / USD. EUR / USD sellers, to resume the move lower, will need to break below the 200 hourly SMA at 1.1271. On […]
GBP / USD remains stable around 1.3340 amid risk aversion environment
The discovery of a new variant of COVID-19 in South Africa that could be more difficult to combat spurred the market mood of risk aversion. The British pound fell due to the new variant COVID-19, although it ended the day higher, with an increase of 0.09%. The upward movement of GBP / USD is caused […]
EUR / GBP cuts some weekly losses, hovering around 0.8410
EUR / GBP remains stuck around the 0.8375-0.8430 range, with no clear direction. Euro zone: The fourth wave of COVID-19 could seriously affect Europe as Germany prepares for the possibility of enacting lockdowns. Brexit: The EU and the UK appear to be far from reaching a deal in the short term. The EUR/GBP it cuts […]
USD / CAD down from daily highs around 1.2700 after FOMC Minutes
-637733838641680769.png "USD / CAD down from daily highs around 1.2700 after FOMC Minutes")
The USD / CAD hovers around 1.2668 after the publication of the last Minutes of the FOMC. FOMC Minutes: Some participants would like to adjust the QE taper pace and raise rates earlier than anticipated if inflation rises. The US dollar index publishes new 16-month highs close to 97.00 day after day. The USD / […]
Dollar consolidates Monday’s rally, markets await November PMI data
This is what you need to know to trade today Tuesday, November 23: The dollar continued to outperform its main rivals at the start of the week, fueled by rising US Treasury yields following US President Joe Biden’s decision to appoint Jerome Powell to a second term as Fed chairman. The US Dollar Index, which […]
GBP / USD struggles at 1.3400 for Fed’s re-election of Jerome Powell
GBP / USD falls close to 0.40% as US President Biden nominates Fed Chairman Powell for a second term. Members of the Bank of England continue to express concerns about inflation, although the market remains cautious as the central bank was disappointed in its last meeting. US Treasuries and the US dollar advance strongly during […]
USD / JPY is approaching 115.00 following the reappointment of Powell as Fed chairman
USD / JPY remained subdued in the evening session, but following the news from Powell, it gained 60 pips. On Friday, the Fed’s Waller and Clarida expressed interest in a faster reduction of bonds, in the event of accelerating inflation. The rise in US Treasury yields approached 1.60% and raised the USD / JPY pair. […]
