USD to be on a choppy path amid unresolved uncertainties – HSBC
The US Dollar will likely weaken anew when uncertainties about the Fed, the US economy’s landing and China’s recovery resolve, in the view of economists at HSBC. Gap between the Fed’s guidance and the market’s less hawkish perspective remains in place “We think the path of the USD is likely to remain choppy in the […]
Wall Street to Jerome Powell: We don’t believe you
Do you want the good news about the Federal Reserve and its chairman, Jerome Powell; the other good news; or the bad news? Let’s start with the first bit of good news. Powell and his fellow monetary-policy-committee members just lifted short-term interest rates another quarter of a percentage point to 4.75%, which means retirees and […]
Interest rate differentials point to a higher EUR/USD – Nordea
EUR/USD came briefly above 1.10 this week before falling to just below 1.09 today. Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead. EUR/USD to move about sideways in the near term “Given that the ECB has had room for more positive rate surprises than the Fed, a […]
Fed Daly to speak on FOXBusiness at the 1430 ET
The San Francisco Fed President Mary Daly is expected to speak on FOXBusiness news at 1430 ET. Daly represents the first Fed member to speak post the FOMC rate decision on Wednesday. The Federal Reserve raise rates but 25 basis points as expected. She is also the first Fed member to speak after the much […]
Nasdaq index moves lower ahead of Fed Daly’s interview
The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since […]
Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?
Euro, EUR/USD, US Dollar, GBP/USD, ECB, BoE, AUD/USD, Crude Oil – Talking Points Euro support continues as US Dollar IS undermined by dovish perceptions The Fed hiked rates but Fed Chair Powell’s comments juiced up markets If the ECB hike as anticipated, will EUR/USD turn around? Recommended by Daniel McCarthy Get Your Free EUR Forecast […]
US Dollar to weaken this year, with periods of volatility and bouts of strength – MUFG
The US Dollar Index (DXY) weakened further in January after a sharp sell-off in Q4 last year. Economists at MUFG Bank see a weaker USD but do not expect a linear straight-line weakening trend. Weaker USD as Fed hiking work nearly complete “The lion’s share of the tightening has now been completed by the Fed […]
Fed’s Daly: The number was a “wow” number. The December Fed policy is a good indicator.
Fed’s Daly on FoxBusiness At the end of the day, nothing new. However, we do know that between yesterday and today, the Fed may not have a higher terminal rate, but they will also not stop tightening or reverse course for an extended time. The next meeting is on March 21. There will be another […]
Crucial Takeaways from the FED, BoE and ECB
Major Central Bank Roundup and Analysis Fed: The Fed still has questions around softer inflation but markets call its bluff Bank of England hints at a rate pause but keeps the door open to further hikes if required A unified ECB calls for multiple 50 bps hikes after this one as core inflation refuses to […]
GBP/USD finds a cushion around 1.2200, downside seems favored as spotlight shifts to US NFP
GBP/USD has attempted to build a cushion around 1.2200 after a perpendicular sell-off. Investors are dumping the risk-perceived assets as anxiety among investors is soaring ahead of the US NFP data. The BoE might continue hiking interest rates as UK inflation is extremely stubborn. The GBP/USD pair has sensed a pause in its vertical downside […]