AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
Share: AUD/USD is eyeing more weakness to near 0.6900 amid hawkish Fed policymakers’ guidance. Fed Waller cited the battle to reach the 2% inflation target “might be a long fight”. The Australian Dollar will dance to the tunes of China’s inflation data. The AUD/USD pair has gauged an intermediate cushion around 0.6920 in […]
Dollar weakens; Powell declines to push back on easing expectations By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, retreating after a relatively dovish speech from Fed chair Jerome Powell raised hopes the central bank may soon ease monetary policy. At 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of six other […]
Dow Industrial Average erases the declines. S&P and NASDAQ still down.
The Dow Industrial Average moved back into positive territory briefly with a gain of 5.46 points. That erased a decline of -220.44 points. Currently the prices back in negative territory by -28 points or -0.08% at 34026.46. The NASDAQ index and S&P index remain down on the day, but they erased even larger declines. For […]
All US stock index declines are now officially erased
The major indices have now erased all the declines: S&P index is up 1.47 points or 0.04% at 4181.47 NASDAQ index is up 27.41 points or 0.22% at 12228.57 Dow Industrial Average is up 120 points or 0.35% at 34172.68 The Russell 2000 of small-cap stocks is also positive by 2.85 points or 0.14% at […]
Declines towards 127.00 amid less-hawkish Fed policy
USD/JPY is demonstrating a less-confident pullback move as the risk profile is extremely positive. A bear cross, represented by the 20-and 50-period EMAs around 130.00, adds to the downside filters. The RSI (14) has shifted into the bearish range of 20.00-40.00, which indicates that the downside momentum has been triggered. The USD/JPY pair has rebounded […]
Dollar declines, euro rises. Forecast as of 01.02.2023
2023.02.01 2023.02.01 Dollar declines, euro rises. Forecast as of 01.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Due to the later lifting of COVID-19 restrictions, the eurozone lagged behind the US in economic growth in 2021, but in 2022 it caught up with its counterpart. The same applies to the monetary policy of the Fed and the ECB. How does its […]
CB Consumer Confidence Declines Ahead of FOMC
CB Consumer Confidence Key Points: CB Consumer Confidence decreases to 107.1 (vs est 109) – higher interest rates weigh on the business confidence and the short-term employment outlook. FOMC rate decision remains key for the near-term economic outlook – can the Fed avoid panic and ease recession fears? Recommended by Tammy Da Costa Get Your […]
PCE Price Index Declines Adding Further Pressure on the DXY
US Core PCE Key Points: Core PCE Price Index YoY (DEC) Actual 4.4% Vs 4.7% Previous. PCE Price Index YoY (DEC) Actual 5% Vs 5.5% Previous. The Probability of a Fed Funds Peak Rate Above 5% for 2023 Continues to Decline. Recommended by Zain Vawda Get Your Free USD Forecast The CPI and Forex: How […]
USD/CAD declines towards weekly low at around 1.3340 ahead of BoC’s interest rate policy
USD/CAD is looking to extend its downside towards a weekly low around 1.3340 amid the risk-on market mood. The BoC is expected to hike interest rates further by 25 bps to 4.50% this week. Oil prices might deliver a recovery amid optimism over China’s economic recovery. The USD/CAD pair has dropped to near 1.3367 gradually […]
Major indices erase declines. Nasdaq getting closer to 100 day MA
The major indices have erased declines, and the major indices are back in black. Technically, the S&P is back above its 200 day MA at 3981.17. The price is at 3988 currently. The Nasdaq is getting closer to its 100 day MA at 11057.39. The high today just reached 11043.59 (within 14 points of the […]