Asia FX drifts lower on hawkish Fedspeak, weekly losses on tap By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that […]
EUR/USD aims to surpass 1.0840 as hawkish ECB bets soar
EUR/USD is looking to stretch its recovery move above 1.0840 amid soaring hawkish ECB bets. Weakness in S&P500 due to soaring recession fears are restricting the upside in the risk-perceived currencies. US Treasury yields have displayed a recovery after printing fresh multi-month lows. The EUR/USD pair is struggling to extend its rebound above the immediate […]
Upcoming ECB Minutes to Augment Hawkish Bets?
EUR/USD ANALYSIS ECB in focus today – market looking for guidance. Dollar weakness has been a pillar of strength for the euro, will this continue? Long wick candles and bearish divergence could be signs of euro fatigue. Recommended by Warren Venketas GET YOUR COMPREHENSIVE EURO Q1 FORECAST! EURO FUNDAMENTAL BACKDROP The euro has been receiving […]
A surprisingly hawkish BoC might provide further support to Loonie – Commerzbank
Canadian Consumer Price Index (CPI) growth slowed further in December. Loonie rose after the data. A hawkish Bank of Canada next week could provide furthe support. CAD stronger following publication of inflation data “Even though the overall rate eased a little more than expected to 6.3% (Bloomberg 6.4%), and the core rates (median and trim) […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
USD/JPY pain to return as surging inflation tees up BoJ for further hawkish foray By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has attempted to steady since its recent rout against the yen, but the yen could bring the pain once again after the latest data showing Tokyo inflation hitting four-decade highs ramped up bets on the Bank of Japan making a further foray into hawkish territory next […]