The Federal Reserve (Fed) will make another 75 basis point rate hike in July, followed by a half percentage point hike in September, and won’t make another quarter point move until November at the earliestaccording to economists polled by Reuters. Key results The latest survey results, released Wednesday before Fed Chairman Jerome Powell appears before […]
Tag: RiskAppetite
Gold Price Forecast: XAU/USD remains defensive below the 200 SMA around the $1,835 zone
Gold is trading in a tight range below the 200-day SMA for the second day in a row. Risk appetite, rising US bond yields and expectations of a hawkish Fed rate hike are putting pressure. The modest weakness of the dollar offers some support to the yellow metal and justifies the caution of the bears. […]
USD/CAD falls near 1.2900 amid rising oil prices and weakening dollar
A combination of factors drags USD/CAD lower for the second day in a row on Tuesday. Rising oil prices are benefiting the CAD and exerting pressure amid modest USD weakness. Aggressive Fed expectations should limit deeper USD losses and offer support for the pair. The USD pair/CAD extends pullback from yearly high, around the 1.3075-1.3080 […]
Forex Today: Dollar remains defensive as risk flows return
This is what you need to know to trade today Tuesday June 21: The US dollar index DXY continues to push lower towards 104.00 early on Tuesday, after closing the first day of the week in negative territory. Market sentiment improves in the European morning, with US stock index futures up more than 1% after […]
RBA: We hope to discuss 25 or 50 basis points also at the July meeting – Philip Lowe
Reserve Bank of Australia (RBA) Governor Philip Lowe has added to his earlier signs of rate hikes and said that “high inflation is cutting people’s real income“, during the early hours of Tuesday according to Reuters. The person in charge of monetary policy has also mentioned that they discussed raising between 25 and 50 basis […]
RBA: Aussies must be ready for more interest rate hikes – Philip Lowe
“Australia’s central bank governor said on Tuesday that many more monetary policy tightening to come as rates remain ‘too low’ and it is important that rising inflation does not feed through to public expectations or wage claims,” ​​Reuters reported, citing the Governor of the Reserve Bank of Australia (RBA), Philip Lowe. The news item adds: […]
GBP/USD rises steadily to 1.2270-80 zone, on fresh daily highs
GBP/USD started the new week on a positive note amid fresh USD selling. The recent decline in US bond yields and a positive risk tone weighed on the dollar as a haven. Aggressive Fed expectations should cap dollar losses and cap currency gains. The pair GBP/USD supported its modest intraday gains and rose to a […]
AUD/USD maintains gains near daily highs and targets 0.7000 amid USD weakness
AUD/USD regains positive traction and reverses much of Friday’s decline. Stability in financial markets benefits AUD amid modest USD weakness. Aggressive Fed expectations should act as a tailwind for the USD and limit the pair’s upside. The pair AUD/USD has attracted some buying near the 0.6915 area on Monday and has reversed much of the […]
GBP/USD holds above 1.2200, lacks bullish conviction
GBP/USD gains some positive traction on Monday amid the appearance of some selling around the USD. The recent drop in US bond yields and stable risk sentiment weigh on the USD as a safe haven. The fundamental backdrop warrants some caution before opening any bullish positions around the pair. The pair GBP/USD has shown resistance […]
USD/CHF continues previous day’s sharp losses and falls to two-week lows
USD/CHF witnessed selling for the third day in a row and fell to a two-week low on Friday. The surprise 50 basis point rate hike by the Swiss National Bank continued to support the CHF and exerted some pressure. The bulls seemed unaffected by a nice pickup in dollar demand and the boost in risk […]
