BoE Hikes by 50bps, GBP Pounded After Dovish MPC Report
POUND STERLING TALKING POINTS GBP on offer after BoE’s 50bps rate hike. Wording in MPC report less aggressive than prior releases. Pullback on GBP/USD on the cards. Recommended by Warren Venketas Get Your Free GBP Forecast GBP FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from […]
Dovish Statement Bumps USDIndex | HF Analysis
USDINDEX, Daily USDIndex, Daily The US dollar index fell to a 9-month low amid dovish comments from Fed Chair Powell that sent bond yields tumbling and sparked a rally in stocks, dampening demand for the dollar. The index lost -0.89% in yesterday’s trading. The US 10-year Treasury yield fell to 3.39% on Wednesday, approaching a […]
The Fed’s Dovish Nudge Sends the US Dollar Tumbling
US Dollar (DXY) Price and Chart Analysis US Treasury yields slump post-FOMC meeting. Friday’s NFPs are the next obstacle for the bulls to negotiate. Recommended by Nick Cawley Introduction to Forex News Trading Most Read: US Dollar Latest: Weak Rebound Off the Multi-Month Low, Slowdown Fears Grow The chairman of the Federal Reserve, Jerome Powell, […]
Dollar slumps to 9-month low on expectations of dovish Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– The dollar tumbled to a nine-month low against a basket of currencies on Thursday, even after the Federal Reserve reiterated its commitment to keep hiking interest rates, with markets betting that the ensuing economic headwinds will force the bank into cutting rates as soon as this year. The slumped 1% […]
EUR/GBP likely to benefit from a dovish BoE statement – Danske Bank
Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at Danske Bank expected the central bank to hike the Bank Rate by 50 basis points. They see the cycle ending in March with a 25 bps hike. They argue that next week the dovish communication from the BoE should send […]
USD/ZAR Shakes Off Dovish SARB & Positive US GDP
South African Rand, Dollar Latest: SARB (South African Reserve Bank) raises the repo rate by 25-basis points to 7.25% (below expectations of 7.5%). USD/ZAR digests commentary from the MPC (monetary policy committee) – load shedding and the intense power-cuts dampen sentiment as productivity declines. US GDP and durable goods beat estimates highlighting a resilient US […]
BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer
USD/CAD ANLAYSIS Expected 25bps increment leaves CAD floundering. 2023 peak rates priced in by money markets. Descending triangle still in play. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/CAD FUNDAMENTAL BACKDROP Foundational Trading Knowledge Forex Fundamental Analysis Recommended by Warren […]
USD remains range-bound on dovish Fed rate hike outlook
Asset markets are somewhat sluggish and reluctant to recover on Friday, following Thursday’s drop, which saw S&P 500 breaking through 3900 points. Dollar was slightly bid on the back of growing risk-off, however, during this week the DXY appears to remain in equilibrium in the range of 102-102.50:Despite a slew of negative updates on the […]
Dovish surprise in US retail sales leaves little to salvage dollar bulls
The Bank of Japan dismissed market rumors about further adjustments in the yield curve control and left the policy unchanged today, disappointing recent yen buyers. The Bloomberg report released yesterday about the ECB plans to execute more caution in the rest of the tightening cycle caused brief market embarrassment sending EURUSD to 1.08 and below, […]
Asia FX slips on recession fears, yen battered by dovish BOJ By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Wednesday amid growing concerns over a global economic slowdown this year, with the Japanese yen plummeting after the Bank of Japan maintained its accommodative stance. The was the worst-performing Asian currency for the day, tumbling 2.6% to 131.47 against the dollar – one […]