XAU/USD languishes near YTD low amid Fed rate hike jitters
Share: Gold price drops to its lowest level since January amid sustained US Dollar buying. Bets for additional rate hikes by the Federal Reserve continue to underpin the buck. The fundamental/technical setup supports prospects a slide below the $1,800 mark. Gold price comes under some renewed selling pressure on Friday and drops to […]
At least two more Fed rate hikes and no cut this year, say economists: Reuters poll
BENGALURU, Feb 14 (Reuters) – The U.S. Federal Reserve will raise interest rates at least twice more in coming months, with the risk they go higher still, according to a majority of economists in a Reuters poll who see no cut by year-end.This brings the majority of private-sector forecasters in line with the central bank’s […]
U.S. posts $39 billion January deficit after pension fund bailout
WASHINGTON, Feb 10 (Reuters) – The U.S. government posted a $39 billion budget deficit for January after a $119 billion monthly surplus a year earlier, as revenues dipped and one-time costs, including the bailout of a union pension fund, pushed outlays sharply higher, the Treasury Department said on Friday.The report, which comes as Treasury employs […]
RBA Shielding Aussie Dollar Against Hawkish Fed
AUD/USD ANALYSIS & TALKING POINTS Two hawkish central banks (RBA and Fed) battle it out. U.S. jobless claims in focus later today. AUD/USD sandwiched between 0.69 and 0.70 respectively. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling […]
US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?
US Dollar, USD/JPY, AUD, NZD, Fed, China, Crude Oil, Gold – Talking Points US Dollar resumed strengthening but softens in Asian trade The Fed reminded markets of their intention and equities responded If China’s reopening goes smoothly, will the USD be impacted? Recommended by Daniel McCarthy Forex for Beginners The US dollar is slightly weaker […]
Asia FX weakens on hawkish Fed comments, inflation readings awaited By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies fell on Thursday, while the dollar steadied on hawkish comments from a slew of Federal Reserve officials, with focus now turning to upcoming inflation readings from China and the U.S. for more cues on the global economy. Risk-heavy Southeast Asian currencies were the biggest decliners for the […]
XAU/USD kisses $1,880 after a sheer recovery amid softer US yields
Share: Gold price has touched $1,880.00 amid a recovery in the risk-on market mood. Softer US yields are weighing on the USD Index despite hawkish Fed bets. Gold price is auctioning in a re-distribution episode in Wyckoff’s markdown phase. Gold price (XAU/USD) has refreshed its day’s high above $1,880.00 in the Asian session. The gold […]
S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?
S&P 500, Nasdaq 100, Russell 2000, Dow Jones 30, Fed – Talking Points The S&P 500 has eased as the market appears to be listening to the Fed A chorus of Fed speakers all sung from the same song sheet overnight The tightening cycle appears to have been elongated. Will the S&P 500 go lower? […]
AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
Share: AUD/USD is eyeing more weakness to near 0.6900 amid hawkish Fed policymakers’ guidance. Fed Waller cited the battle to reach the 2% inflation target “might be a long fight”. The Australian Dollar will dance to the tunes of China’s inflation data. The AUD/USD pair has gauged an intermediate cushion around 0.6920 in […]
US Dollar (DXY) Rattled by a Slightly Less Hawkish Fed Chair Powell
US Dollar (DXY) Price and Chart Analysis The US dollar slips after the Fed chair dials back on the hawkish narrative. S&P 500 and the Nasdaq 100 are within touching distance of new multi-week highs. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe […]