Australian dollar jumped higher after the Reserve Bank of Australia +25bp rate hike
<p>The post on the Reserve Bank of Australia policy decision is here:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/australia-rba-raises-the-cash-rate-by-25bp-to-335-as-expected-20230207/" rel="follow" target="_self" class="article-link">Australia – RBA raises the cash rate by +25bp to 3.35%, as expected</a></p><p>The statement from Reserve Bank of Australia Governor Lowe sounded a hawkish note, stating cleary the Board expects further rate hike increases (i.e. more than […]
GBP/USD Yields to US Dollar Strength, Where to Next?
GBP/USD – Prices, Charts, and Analysis The US dollar pushes higher but is starting to look overbought. UK Q4 GDP on Friday is the next focus for Sterling traders. Recommended by Nick Cawley How to Trade GBP/USD The US dollar is pushing further ahead in early European turnover, buoyed by Friday’s blowout NFP report and […]
Dollar Extends Rally for a Few Key Breaks, S&P 500 Throttles its Descent
S&P 500, Meme Stocks, Dollar, USDJPY, Fed Funds Rate and RBA Decision Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 Market-based rate forecasts have swelled to meet the Fed’s forecasts, lifting the Dollar to notable EURUSD and USDJPY breaks Risk trends were noticeably more restrictive Monday, but meme stock troubles […]
Dollar Advance and Uneven Risk Trends Amplify USDMXN, USDHKD, USDINR and USDTRY
Dollar, Emerging Markets, Peso, Hong Kong Dollar, Lira and Rupee Talking Points: The Market Perspective: USDHKD Range Bound Below 7.8500 The charge in risk trends through January has come on hard times recently, leading assets like indices to drop and regions like the EM to ease; in turn EM currencies have been hit USDHKD is […]
WTI stays firm at around $74.00 despite a strong US Dollar
Share: Western Texas Intermediate recovers some ground even though the US Dollar remains buoyant. IEA’s Director commented that China’s reopening would drive oil prices. WTI Technical Analysis: Triple bottom looms around $72.50. US crude oil benchmark known as Western Texas Intermediate (WTI) records minimal gains after diving toward an eight-week low at $72.30 […]
Dollar near one-month high; strong payrolls, rising Chinese tensions help By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar rose in early European trade Monday, boosted by raised tensions between China and the U.S., while Friday’s strong payrolls prompted traders to reassess the extent of the Federal Reserve’s likely interest rate tightening. At 03:25 ET (08:25 GMT), the , which tracks the greenback against […]
Dollar steady after robust U.S. jobs data, lira hits record low 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 Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar held firm against the euro on Monday, with traders taking the view the U.S. Federal Reserve will likely lift its benchmark rate above 5% and […]
Dollar: path of least resistance. Forecast as of 06.02.2023
2023.02.06 2023.02.06 Dollar: path of least resistance. Forecast as of 06.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US jobs report did more good for the US dollar than Jerome Powell’s speech. The markets can still resist the Fed, but not the fact that USD’s old advantages can start working again. Let’s discuss this topic and make up a trading plan […]
Asia FX slips, dollar firms as hot payrolls spur rate hike fears By Investing.com
© Reuters. By Ambar Warrick Investing.com — Asian currencies sank on Monday, while the dollar rose as stronger-than-expected U.S. payrolls data brewed concerns that the Federal Reserve will be able to keep raising interest rates for longer, while worsening Sino-U.S. ties also weighed. The dollar rose to a near one-month high against a basket of […]
US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?
US Dollar, DXY Index, USD, NFP, Fed, BoJ, USD/JPY, Nikkei 225, China – Talking Points US Dollar resumed strengthening today after Friday’s massive rally Risk assets appear vulnerable as Fed rate hike expectations re-accelerate If the US economy is booming, will the Fed act and what will it mean for USD? Recommended by Daniel McCarthy […]