AUD/USD slides towards 0.7000 as unimpressive China data joins RBA, Fed concerns
AUD/USD renews intraday low amid sour sentiment, mixed data. China Caixin PMI fails to overcome 50.0 mark despite improving in January. Mixed concerns over RBA’s next move, especially after strong inflation and downbeat Retail Sales, weigh on Aussie prices. Cautious mood can weigh on risk-barometer pair ahead of Fed’s verdict. AUD/USD takes offers to refresh […]
Kiwi drops post-testing strength of the consolidation breakdown
NZD/USD has dropped firmly after sensing deep selling interest while testing the consolidation breakdown. Investors’ risk-taking capacity is dropping ahead of the interest rate decision by the Fed. The 20-EMA has acted as a major barricade for the New Zealand Dollar. The NZD/USD pair has resumed its downside journey after a pullback move to near […]
ECB: Out-hawking the Fed but they should be less aggressive
Bank of America Global Research discusses its expectations for the ECB policy trajectory versus the Fed. “While most central banks seem to be winding down their tightening cycles, the ECB still seems to be on automatic pilot. Ruben Segura and team expect 50 bp hikes in both February and March and two more 25 bp […]
Likely to emphasize it is still determined to reach the terminal rate projected in the dot plot – TDS
On Wednesday, the Federal Reserve will announce its decision on monetary policy with a 25 basis points hike already priced in. Analysts at TD Securities point out that the tone of the FOMC regarding growth and inflation and the guidance on future potential hikes could be what moves markets. Key quotes: “We expect the FOMC […]
Dallas Fed January service sector outlook -15.0 vs -19.8 prior
> Dallas Fed January service sector outlook -15.0 vs -19.8 prior Data from the Federal Reserve Bank of Dallas Adam Button Tuesday, 31/01/2023 | 15:31 GMT-0 31/01/2023 | 15:31 GMT-0 Prior was -19.8 Revenue index vs -0.6 prior ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING […]
Fed Expected to Hike, But Then What?
The overwhelming consensus is that the Fed will hike by another 25bps at the conclusion of its meeting tomorrow. With such strong agreement among traders and economists, it’s unlikely the rate decision itself will move the markets. That is, unless the Fed shocks everyone, including its own members, by not raising by a quarter percentage […]
GBP/USD Retreats as the Fed and BoE Hog the Limelight
GBP/USD Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free GBP Forecast Most Read: US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY GBP/USD FUNDAMENTAL BACKDROP Cable continued its decline in the early hours of the Asian session to drop below the 1.2350 level. GBP/USD had a modest bounce to trade just above […]
Gold Slides Ahead of Fed Decision!
Gold began a correction as prices slipped away from the $1950 zone yesterday. The yellow metal started the year well as evidence has grown that monetary tightening have peaked. Up over 20% from last year’s low, is this price movement just a retracement, or are we looking at a full reversal? Timestamps XAUUSD 01:30 DXY […]
Dollar set for fourth monthly drop as Fed meeting looms By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Tom Westbrook SINGAPORE (Reuters) – The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week’s Federal Reserve […]
Euro Steadies Ahead of Crucial Fed and ECB Meetings This Week. Higher EUR/USD?
Euro, EUR/USD, US Dollar, Fed, ECB, China PMI, AUD/USD. Crude Oil – Talking Points Euro support eased as markets look toward rate changes this week. A strong Chinese PMI wasn’t enough to overcome weak local data for the Aussie The Fed, ECB and BoE are in the box seat this week. Where will EUR/USD end […]