More from the Feds Waller: Fed will have to keep rates high and not cut by year end
The Fed will have to keep rates high and not cut rates by the end of 2023 Market perception of terminal rate is not far from where we are Market expectations for rate cuts later this year is driven by optimism inflation will melt away The Fed does not expect inflation Inflation Inflation is defined […]
EURUSD moves up to test the earlier day’s high
Another volatile up and down day for the EURUSD The EURUSD is back testing the high from earlier today and in doing is completing another up and down (or down and up) session for the pair. Each day this week, the price moved higher or lower and reverserd lower or higher. Today, the price moved […]
XAG/USD reached a new two-day high but fell short of $24.00
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver price extended its gains for the second consecutive day, cleared Thursday’s daily high of $23.93, and held its ground above the 20-day Exponential Moving Average […]
The Week Ahead – Earnings may reveal cost of high interest rates
EURUSD steadies over inflation relief The euro holds steady as inflation slows down. With prices of oil and gas falling back, Europe could put the much-daunted winter behind. Inflation effectively decelerated in the Euro zone in December, which would give policymakers some relief. Easing pressures have triggered expectations that the ECB might […]
Market Update – January 20 – USD Wallows, Stocks Weaker, Japanese Inflation at 41-year high
Better US data (Unemployment Claims & Philly Fed Manu Index) could not lift the USD (USDIndex under 102.00) & Wall St. (-0.76% to -0.96%). US hit its latest debt ceiling ($31.4 trillion) as Republicans try to rein in Biden’s spending. Potential default postponed until June 5. More Hawkish comments from […]
FTSE Pauses Ahead of All-Time High as Solid Jobs Data Buoys Sterling
FTSE 100 News and Analysis Recommended by Richard Snow How to Trade FX with Your Stock Trading Strategy FTSE 100 Has All-Time High in Sight The FTSE has begun 2023 much the same way it ended 2022, with a strong bullish advance. The all-time high around 7909.50 was less than 40 pips away in early […]
Yen perched near 7-month high as BOJ looms By Reuters
© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration By Tom Westbrook SINGAPORE (Reuters) – The dollar drifted off multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at […]
AUD/USD to inch higher gradually towards last August high of 0.7090/0.7130 – SocGen
AUD/USD has broken into 0.70 handle for the first time since August. Economists at Société Générale expect the pair to head toward the 0.7090/0.7130 region. Defending 0.6830 crucial for further up move “AUD/USD has overcome the 200DMA first time since giving it up in April last year; this affirms persistence in upward momentum.” “Defending the Moving […]
EURUSD Hits New 9-Month High But Bulls May Be Out of Puff
EUR/USD Price, Chart, and Analysis There wasn’t much data for traders to digest on Monday, but suspicions that Eurozone borrowing costs will rise sharply keep the Euro supported EUR/USD rose back above 1.08 It’s a far cry from the slide below parity seen last year Bulls remain in charge but may be over-extended Recommended by […]
Asia FX rises, Japanese yen hits over 7-mth high on BOJ speculation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies advanced against the dollar on Monday, cheered largely by the prospect of smaller interest rate hikes by the Federal Reserve, while speculation over another hawkish move by the Bank of Japan pushed the yen to an over seven-month peak. The rose 0.4% to 127.32 against […]