Rough Road Ahead for the Fed!
Jerome Chair Powell repeated his hawkish message in yesterday’s testimony. The Fed stated they would make further rate increases, adding that the process would be bumpy. This kept the Euro firm over the Dollar, as the 300 pip drop from last week ensued. Timestamps EURUSD 01:35 USDJPY 03:00 The post Rough Road Ahead for the […]
Dollar edges lower ahead of key Powell speech; Australian dollar soars By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar slipped lower in early European trade Tuesday, consolidating after recent gains ahead of a key speech from Fed Chair Jerome Powell, while the Australian dollar surged after the Reserve Bank hiked interest rates. At 03:00 ET (08:00 GMT), the , which tracks the greenback against […]
Dollar Index (DXY) Heads for 104 Ahead of Powell
U.S. DOLLAR ANALYSIS & TALKING POINTS USD looks to Jerome Powell for direction – will the rally continue? Key inflection point on daily DXY chart awaiting catalyst. Recommended by Warren Venketas Get Your Free USD Forecast USD FUNDAMENTAL BACKDROP The Dollar Index (DXY) has shown no signs of letting up its recent gains after the […]
Bitcoin Forecast: Potential Rise Is Still Ahead!
Bitcoin is undergoing correction after the recent rise. However, the asset’s price didn’t hit the level of 25000 just yet. Bitcoin might gain the required support at the level of 22500 and potentially jump further. So, let’s wait and see what is going to happen next.Silver has managed to break the lower boundary of the […]
Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBA. Lower AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, Powell FOMC, RBA, Lowe – Talking Points The Australian Dollar has had a look lower to start the week AUD/USD is under pressure as the US Dollar reclaims the ascendency Tuesday will see the RBA decide on rates. Will it turn AUD/USD around? Recommended by Daniel McCarthy Get Your […]
USD Index extends the upside north of 102.00 ahead of ISM
The index picks up extra pace after another solid NFP print. The US labour market shows no signs of weakness so far. The US economy added far more jobs than predicted. The greenback adds to the optimism seen in the second half of the week and lifts the USD Index (DXY) back above the 102.00 […]
Nasdaq index moves lower ahead of Fed Daly’s interview
The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since […]
The Week Ahead – Turning the corner
AUDUSD rallies on increased risk appetite The Australian dollar rallies as the market remains risk-on. The US dollar’s softness may continue to provide tailwinds despite lacklustre domestic data. Australia’s retail sales saw its biggest drop in over two years in December as the economy is feeling the pinch of the tightening. Extended […]
ForexLive European FX news wrap: Dollar mixed, equities lower ahead of NFP
Headlines: Markets: GBP leads, CAD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields down 0.4 bps to 3.394% Gold up 0.2% to $1,915.43 WTI crude down 0.3% to $75.68 Bitcoin up 0.2% to $23,509 It was a choppy session for major currencies as risk stayed on the defensive […]
Delicately Poised Ahead of NFP Release
WTI PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Get Your Free Oil Forecast WTI FUNDAMENTAL OUTLOOK Crude Oil has had a difficult week despite broad-based US Dollar weakness for the majority of the week. WTI hit a fresh three-week low yesterday and remains on course for a second week of losses as sanctions on […]