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 […]
US inflation expectations probe greenback bulls
As markets await Federal Reserve (Fed) Chairman Jerome Powell’s reaction to the recently hawkish US data, sluggish inflation expectations seem to challenge the US Dollar Index (DXY) bulls during early Monday in Asia, following a two-day rebound from the multi-month low. That said, the US inflation expectations per the 10-year and 5-year breakeven inflation rates […]
Breaking News – US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%
US Dollar (DXY) Price and Chart Analysis Recommended by Nick Cawley Trading Forex News: The Strategy Most Read: US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling Total nonfarm payroll employment increased by 517k in January, and the unemployment rate fell to 3.4% according to the US Bureau of Labor Statistics. […]
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% […]
FOMC Hikes Rates 25 bps As Expected, Leaves Open Further Hike Expectations
FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points: The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent The US benchmark is higher than its principal global counterparts, but that advantage has been previously priced in In the policy statement that accompanied the decision, the group […]
Dollar stays under pressure as sterling, yen rate expectations build By Investing.com
By Geoffrey Smith Investing.com — The dollar tested a new nine-month low in early trade in Europe on Tuesday as economic data from Japan and the U.K. strengthened the case for more interest rate hikes there. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was […]
Higher Australian Inflation Expectations Keep Aussie Bid
AUD/USD ANALYSIS & TALKING POINTS Another hike by RBA could be backed post-CPI later this week. China crucial to commodity outlook for Australia. Golden cross may lead to additional AUD upside to come; 0.7000 under threat. Recommended by Warren Venketas GET YOUR FREE AUSSIE DOLLAR Q1 FORECAST AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP Trade Smarter – Sign […]
USD/JPY: summary and expectations – Analytics & Forecasts – 20 January 2023
As we noted in our Fundamental Analysis today, USD/JPY is rising today, recovering from the biggest losses of this and last month, trading near the 130.00 mark at the time of this publication. Additional pressure on the yen is exerted by data on the volume of orders for engineering products, presented earlier this week. So, […]
Gold Price (XAU/USD) Presses Ahead as US Inflation Expectations Fall
Gold Price (XAU/USD), Chart, and Analysis US interest rate expectations continue to fall. Gold looks like it is consolidating ahead of the next move higher. Recommended by Nick Cawley Get Your Free Gold Forecast The latest University of Michigan Consumer Sentiment report, released last Friday, showed inflation expectations in the US continuing to fall. The […]
US Dollar Soars as Rosy ADP Report Shapes High Expectations for NFPs Next
US Dollar, DXY, S&P 500, Treasury Yields, ADP Data – Asia Pacific Market Open US Dollar and Treasury yields soar, S&P 500 sinks on ADP report The rosy data sets a high expectation for Friday’s non-farm payrolls The DXY Dollar Index is increasingly showing signs of reversing Recommended by Daniel Dubrovsky Get Your Free USD […]