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 […]
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 […]
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 […]
Dollar pauses in bullish run; Aussie climbs on RBA’s hawkish outlook By Reuters
© Reuters. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their forecasts of how high the U.S. […]
XAU/USD exposes to $1,850 as yields strengthen amid hawkish Fed bets
Gold price is expected to continue its downside journey to near $1,850.00 as US yields have strengthened. The speech from Fed chair Jerome Powell will provide the likely monetary policy action ahead. Goldman Sachs sees two more interest rate hikes by the Fed in March and May. Gold price (XAU/USD) has resumed its downside journey […]
Persistent EU Inflation Boosts Odds of a Moderately Hawkish ECB on Thursday
The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data – all of them indicate that the Fed may deliver the penultimate rate hike today and implicitly announce the end of the tightening cycle at the next meeting. However, core inflation in the US is still high and […]
Dollar flat ahead of Fed decision; risk of hawkish push-back seen By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar was flat in early trading on Wednesday in Europe, with the markets becalmed ahead of the U.S. Federal Reserve’s policy decision later. By 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was at $101.84, down less than […]
Market Spotlight: EUR Rallies on Hawkish ECB Comments
Knot Reaffirms Hawkish ECB OutlookEUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned that […]
Stocks extended gains as Waller comments are less hawkish than feared
<p>The major stock indices are moving higher led by the NASDAQ which is up nearly 2% as Feds Waller's comments are less hawkish than a feared.</p><ul><li>Dow Industrial Average is up 155 points or 0.47% at 33199.71</li><li>S&P is up 48.24. or 1.24 percent at 3947.01</li><li>NASDAQ index is up 213.41 points or 1.96% at 11065.32</li></ul><p>The NASDAQ index […]