Fed’s Goolsbee says this is a ‘strange and unprecedented moment’ for U.S. economy
The U.S. economy is in a strange and unprecedented moment, according to Austan Goolsbee, the new president of the Chicago Federal Reserve Bank. In his first speech since taking office last month, Goolsbee said he had no doubt that the economy will face “bumps in the road.” He gave the speech at an event hosted […]
EURUSD Shifts from Reversal to Range, Market Interest Growing While SPX Ebbs
EURUSD, Range, Futures, Open Interest and Sentiment Talking Points: The Market Perspective: EURUSD Bearish Below 1.0700 As EURUSD is held up by the 50-day SMA with a dearth of high-profile event risk through the rest of this week, it is worth throttling the time frame to evaluate more timely levels A four-hour chart of EURUSD […]
Fed’s Powell comments on US disinflation and interest rate hikes
US stock markets rallied on Tuesday after the US Federal Reserve (Fed) head Jerome Powell delivered a speech before the Economic Club of Washington. In other news, the US-China trade balance hit a record high in 2022 even as their diplomatic relations deteriorated. In the UK, the FTSE 100 share index is heading back towards […]
RBA raises interest rates, focus on Jerome Powell’s speech
The Reserve Bank of Australia (RBA) raised borrowing costs by 0.25%, in line with market analysts’ expectations. Economists suggest that Australia’s central bank is likely to follow up with another rate hike in March. Oil prices rose on Tuesday, helped by optimism over the recovery in demand from China, the largest crude importer in the […]
Indian Rupee steadies near monthly top, Fed Chair Powell, RBI Interest Rate Decision eyed
Share: USD/INR grinds higher around monthly peak, bulls take a breather after three-day uptrend. Cautious sentiment ahead of Fed Chair Jerome Powell’s speech, RBI interest rate decision probes the Indian Rupee pair traders. Firmer Oil price, hopes of dovish guidance from RBI joins hawkish hopes from Fed to keep buyers hopeful. Reuters poll […]
Interest rate differentials point to a higher EUR/USD – Nordea
EUR/USD came briefly above 1.10 this week before falling to just below 1.09 today. Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead. EUR/USD to move about sideways in the near term “Given that the ECB has had room for more positive rate surprises than the Fed, a […]
US Federal Reserve, ECB and BoE likely to raise interest rates
The attention of investors and traders will be drawn to the US Federal Reserve (Fed), European Central Bank (ECB) and Bank of England (BoE) monetary policy meetings scheduled for today and tomorrow. Market analysts suggest that the three central banks are likely to raise their benchmark interest rates in order to reduce inflationary pressures. On […]
High interest rates to hold back gold’s rally: Reuters poll
Reuters Note Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll showed on Tuesday. The poll of 38 analysts and traders returned median forecasts for gold to average $1,825 an ounce in the first quarter of this year, $1,840 […]
GBPUSD Stuck As Both Fed, BoE Interest Rate Calls Loom
GBP/USD Prices, Charts, and Analysis The Bank of England is expected to add another 50 basis points to borrowing costs this week The US Federal Reserve may only add 25 But the Forex market will likely make sure before any big moves are made GBP/USD traders can look forward to interest rate decisions from both […]
BoC decides on interest rates, focus on US GDP Q4 2022 report
The Bank of Canada (BoC) interest rate decision will be in the spotlight later today, while investors and traders are eager to review the US Q4 2022 GDP preliminary report due to be published tomorrow. The Australian Bureau of Statistics (ABS) announced that CPI inflation hit a 32-year record high in the fourth quarter of […]