Market Update – January 11 – Dollar stands still ahead of Thursday’s CPI
Treasuries were more unidirectional while Yields have crept higher led by the long end. The curve has bear steepened to -65.6 bps from -68 bps Monday and -74 bps before Friday’s data. Wall Street was very choppy, trading either side of unchanged, after a positive opening. Chair Powell did not […]
US Dollar Support Breakout Remains Lackluster After Powell Speech, Focus on CPI
US Dollar, DXY, Fed Outlook, Jerome Powell, CPI – Asia Pacific Market Open US Dollar flat as Jerome Powell offers no new meaningful updates The DXY Dollar Index support breakout has been lackluster so far Australian Dollar now eyeing local monthly inflation gauge next Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market […]
Asia FX slips while dollar steadies ahead of CPI readings By Investing.com
© Reuters. By Ambar Warrick Investing.com — Asian currency markets edged lower on Wednesday as traders stepped back from risk-driven assets ahead of economic cues from key inflation readings this week, while the dollar steadied from recent losses. After logging a strong start to the week on optimism over a Chinese reopening, regional units crept […]
Former BOJ policymaker says excessive dollar strength likely to be corrected
<ul><li>US interest rates are declining, so don't expect yen to weaken much further</li><li>Widening of yield band is an extension of existing BOJ policy</li><li style="" class="text-align-justify">Given Japan's economic fundamentals, difficult to envisage a fundamental change in monetary policy</li></ul><p style="" class="text-align-justify">The takeaway from her comments is that what the BOJ has done is fitting with their policy […]
Australian Dollar Bumps Up on Data Amid Global Macro Tailwinds. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, China, Iron Ore – Talking Points The Australian Dollar got a sugar hit from data but settled back in the range A re-acceleration of domestic price pressures might see more RBA action China’s re-opening could fuel inflation. Will it drive AUD/USD to a new peak? Recommended by Daniel […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: The US Dollar is testing another spot of support this morning at the 103 handle on DXY. EUR/USD has pushed up to a fresh seven-month-high while starting to test a big zone of resistance. USD/CAD continues to be one of the more attractive bearish USD setups while USD/JPY tests a key […]
Dollar Subdued Ahead of CPI!
The DXY made a seven-month low as the EURUSD made major advances. China’s re-opening has aided risk assets as Gold continued to climb higher. In addition, Fed Chair Jerome Powel is due to speak later today as traders look for his thoughts on monetary policy in the future. Timestamps DXY 01:45 EURUSD 03:05 The post […]
Dollar will weigh pros and cons. Forecast as of 10.01.2023
2023-01-10 2023-01-10 Dollar will weigh pros and cons. Forecast as of 10.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ A quarter or a half of a point? How much will the Fed raise the rates in February? The derivatives market bets on a quarter. FOMC officials are hesitant and weighing the arguments. Investors are looking forward to the inflation report. […]
Dollar edges higher; Powell speech looms large By Investing.com
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Tuesday, but traded just above a seven-month low as traders looked to a speech from Fed chair Jerome Powell for more clarity over the central bank’s rate hike cycle. At 03:15 ET (08:15 GMT), the , which tracks the greenback against […]
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 […]