AUD/USD refreshes day low below 0.7070 despite upbeat Caixin Services PMI
AUD/USD has dropped to near 0.7064 as the market mood has soured. The upbeat Caixin Services PMI at 52.9 failed to provide support to the Australian Dollar. An interest rate hike of 25 bps is expected from the RBA next week. The AUD/USD pair has printed a fresh day’s low at 0.7064 despite the IHS Markit has […]
Crude Oil Price Under the Pump in the Face of Fed, ECB and BoE Hikes. Lower WTI?
Crude Oil, US Dollar, WTI, Brent, FOMC, Fed, BoE, ECB. OPEC+ China – Talking Points Crude oil prices have found some support after a tumultuous week The Fed, BoE and ECB tightening has raised recession concerns OPEC+ maintain its target while China resurfaces. Where to for WTI? Recommended by Daniel McCarthy Get Your Free Oil […]
Dollar Rebounds after Fed, ECB Meeting but the Rally may Prove Fleeting
The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell said at the press conference that the committee believes it is necessary to slow down the pace of monetary tightening. Market indicators […]
Fed Traders See Pivot From Rate Hikes to Rate Cuts in Second Half By Bloomberg
(Bloomberg) — Traders in the interest rate swaps market have concluded after the Federal Reserve rate decision that policy direction is set for a deeper dovish pivot from the middle of this year. Swap contracts tied to this years Fed meetings show approximately 50 basis points of rate cuts are now firmly priced between the […]
Fed’s Powell says no rate cuts this year, and markets hear it differently
Feb 2 (Reuters) – Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as “gratifying” as it is that inflation has begun to slow, the central bank is nowhere near to reversing course or declaring victory.”It’s going to take some time” for disinflation to spread through the economy, Powell said in a news […]
Dollar at nine-month low after Fed guidance brings pivot into sight By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar was at its lowest level in over nine months in early European trading on Thursday, after the Federal Reserve’s latest interest rate decisions and guidance brought the end of the current policy tightening cycle into view. Fed Chair Jerome Powell told his press conference that “the […]
Dollar tumbles as Fed says disinflation in play By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end […]
Gold Prices Rallied as Markets Kept Betting Against the Fed, Now What?
Gold, XAU/USD, Federal Reserve, Technical Analysis – Briefing: Gold prices rallied the most in almost 2 weeks after the Fed Markets continue to bet against Powell’s rate outlook vision XAU/USD now turns to non-farm payrolls data on Friday Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices gained 1.14 percent on Wednesday, the […]
Asia FX rallies, dollar tumbles as markets bet on Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The rose 0.4% and came close to a […]
Declines towards 127.00 amid less-hawkish Fed policy
USD/JPY is demonstrating a less-confident pullback move as the risk profile is extremely positive. A bear cross, represented by the 20-and 50-period EMAs around 130.00, adds to the downside filters. The RSI (14) has shifted into the bearish range of 20.00-40.00, which indicates that the downside momentum has been triggered. The USD/JPY pair has rebounded […]