Asia FX weakens on hawkish Fed comments, inflation readings awaited By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies fell on Thursday, while the dollar steadied on hawkish comments from a slew of Federal Reserve officials, with focus now turning to upcoming inflation readings from China and the U.S. for more cues on the global economy. Risk-heavy Southeast Asian currencies were the biggest decliners for the […]
Why Powell’s Latest Comments Shook Up the Market
Yesterday, markets see-sawed while Powell was speaking at the Economic Club in Washington. Risk appetite fluctuated, and the dollar shifted. Less noticed, but perhaps more indicative of the longer-term trends for the dollar and other currency markets, was a steepening of the yield curve. That contributed to supporting commodities and their respective currencies. How much […]
Fed’s Powell comments on US disinflation and interest rate hikes
US stock markets rallied on Tuesday after the US Federal Reserve (Fed) head Jerome Powell delivered a speech before the Economic Club of Washington. In other news, the US-China trade balance hit a record high in 2022 even as their diplomatic relations deteriorated. In the UK, the FTSE 100 share index is heading back towards […]
Market Spotlight: EUR Rallies on Hawkish ECB Comments
Knot Reaffirms Hawkish ECB OutlookEUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned that […]
Stocks extended gains as Waller comments are less hawkish than feared
<p>The major stock indices are moving higher led by the NASDAQ which is up nearly 2% as Feds Waller's comments are less hawkish than a feared.</p><ul><li>Dow Industrial Average is up 155 points or 0.47% at 33199.71</li><li>S&P is up 48.24. or 1.24 percent at 3947.01</li><li>NASDAQ index is up 213.41 points or 1.96% at 11065.32</li></ul><p>The NASDAQ index […]
No comments on current US economic or monetary policy from Powell in Sweden
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Japanese Yen at Crossroads as US Dollar Sinks on Fed Comments. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, Crude Oil, Gold – Talking Points The Japanese Yen faces challenges after inflation data The US Dollar slid lower elsewhere and the BoJ has its work cut out The Fed and the rate is driving markets, Will Thursday US CPI move USD/JPY? Recommended by Daniel McCarthy Get Your Free JPY […]