Dollar pulls back as Powell sticks to usual Fed playbook By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, leading […]
Gold Price Hangs Tough as US Dollar Dominates Proceedings. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, Fed, DXY Index, Powell, Treasury Yields – Talking Points The gold price is steady today as markets take on board Powell’s comments The US Dollar has been grinding the gears of other currencies, but not gold If volatility is to ratchet higher, will it provide direction for XAU/USD? Recommended by Daniel […]
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 […]
Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep Climbing
Dow Jones Industrial Average, Meme Stocks, VIX, Dollar, Fed Funds Rates and USDJPY Talking Points: The Market Perspective: EURUSD Bearish Below 108, Dow Range Between 34,200 and 33,200 Fed Chairman Powell’s remarks were closely watched by the market, but market rate forecasts had already closed the gap to the central bank forecast before he spoke […]
Big move for dollar not a given for next three months: Reuters Poll By Reuters
© Reuters. FILE PHOTO: A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron//File Photo By Hari Kishan BENGALURU (Reuters) – The dollar’s recent comeback may not be indicative of a new broad trend, with FX strategists in a Reuters poll split on […]
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 […]
US Trade Balance With a Weaker Dollar
Traditionally, the trade balance has been one of the major drivers in forex. But it has been largely overshadowed lately with action by central banks. That doesn’t mean that capital flows aren’t defined by the trade balance. And trade can be a major factor for monetary policy decisions. The trade balance could come into renewed […]
Dollar pauses in bullish run; Aussie climbs on RBA’s hawkish outlook By Reuters
© Reuters. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their forecasts of how high the U.S. […]
Asia FX muted amid Fed jitters, Australian dollar boosted by RBA By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies moved little on Tuesday in anticipation of an address by Federal Reserve Chair Jerome Powell, while the Australian dollar shot up after the Reserve Bank raised interest rates and flagged more hikes in store. The jumped 0.7% to $0.6929, coming close to the key 0.7 […]
Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?
Australian Dollar, AUD/USD, RBA, CPI, Trade, China, ASX 200, Fed, US Dollar – Talking Points The RBA hiked for the ninth time to 3.35%, a lift of 25 basis points AUD/USD firmed in the immediate aftermath but eased since The RBA sees more hikes ahead. Will that underpin AUD/USD? Recommended by Daniel McCarthy Get Your […]