Asia FX muted as markets weigh Fed minutes, Japanese yen rises By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies moved little on Thursday as markets weighed mixed signals on monetary policy from the minutes of the Federal Reserve’s December meeting, while the Japanese yen was supported by reports that the Bank of Japan plans to raise its inflation forecasts. The rose 0.4% to 132.13 against […]
Dollar eyes gains as jobs data could force rethink of game of chicken against fed By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The dollar swung higher Thursday, just a day ahead of Friday’s labor market report that some believe could force investors to rethink their game of chicken against the Federal Reserve and potentially thrust the greenback to glory. The , which measures the greenback against a trade-weighted basket of […]
Fed, Dollar Moves, & How to Trade USD Setups for Potential Profits
In today’s issue, we talk about Fed’s interest rate hikes, how they affect the dollar, and what we think your trading strategy should be in this market. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and host of the Ignite Trading Room. Ignite Trading Room is FREE to join for active SmartTrader users. […]
Gold and silver prices fall; yellow metal selling at Rs 55,530 per 10 g
The price of gold fell by Rs 430 on Friday, with 10 grams of the yellow metal (24-carat) trading at Rs 55,530. Silver prices declined Rs 1,000 from yesterday’s close and the precious metal is selling at Rs 71,000 per kg. The price of 22-carat gold fell Rs […]
NZD/USD aims to extend recovery above 0.6250 amid risk-on impulse, US NFP hogs limelight
NZD/USD is looking to stretch its recovery above 0.6250 backed by a rebound in the risk-on mood. The US Dollar Index is struggling below 104.80 ahead of the US NFP data release. Upbeat US ADP Employment Change data has resulted in more troubles for the Fed policymakers. The NZD/USD pair is struggling to extend its […]
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
VIX, VVIX, S&P 500, Dollar, EURUSD and NFPs Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900; EURUSD Short Below 1.0600 Expected volatility has slipped to extremely low levels according to the VIX and VVIX, which makes benchmarks like the S&P 500 a ‘sitting duck’ Rate speculation around the Fed swelled this past session […]
Dollar edges higher after Fed minutes; weekly jobless claims to come By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged higher Thursday, gaining some support from the generally hawkish tone of the minutes of the Federal Reserve’s December meeting. At 03:15 ET (08:15 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.095. The of the […]
USD/JPY holds steady near multi-day high, remains below 133.00 ahead of US data
USD/JPY touches a four-day high on Thursday, though lacks any follow-through. The emergence of some buying around the USD acts as a tailwind for the major. Reports that BoJ will raise inflation forecasts benefit the JPY and caps the upside. The USD/JPY pair reverses an intraday dip to the 131.70-131.65 area and touches a four-day […]
Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says By Bloomberg
© Bloomberg. An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Andrew Harrer/Bloomberg (Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley (NYSE:) Investment Management’s Jim Caron. […]
EURUSD Breakout Falters as Market Doubts Fed Commitment
EURUSD, S&P 500, Fed Rates and Liquidity Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900 The FOMC minutes reiterated the message of a critical inflation fight, more rate hikes ahead and no cuts forecasted for 2023; but the markets refuse to believe EURUSD’s breakdown reversed before the minutes were released, but they didn’t […]