USD Controlling EUR/USD Price Action Dismissive of Positive EZ Data
EUR/USD ANALYSIS & TALKING POINTS EZ economic data unable to deter USD backing. All eyes on the Fed tomorrow with emphasis in post-announcement conference. Can current USD strength last against the EUR? Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP The euro received several key economic data prints (see economic calendar […]
USD/ZAR Shakes Off Dovish SARB & Positive US GDP
South African Rand, Dollar Latest: SARB (South African Reserve Bank) raises the repo rate by 25-basis points to 7.25% (below expectations of 7.5%). USD/ZAR digests commentary from the MPC (monetary policy committee) – load shedding and the intense power-cuts dampen sentiment as productivity declines. US GDP and durable goods beat estimates highlighting a resilient US […]
Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]
Fed Chair Powell Tests Positive for Covid-19, Has Mild Symptoms By Bloomberg
© Bloomberg. Jerome Powell Photographer: Ting Shen/Bloomberg (Bloomberg) — Federal Reserve Board Chair Jerome Powell tested positive for Covid-19 and is experiencing mild symptoms. Powell, 69, received the positive test Wednesday and “is up to date with Covid-19 vaccines and boosters,” the Fed said in a statement, adding that he is working remotely while isolating […]
Forexlive Americas FX news wrap: The major indices post the 2nd consecutive positive week
The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near […]
Positive developments for the Pound, more of this as the year unfolds– MUFG
In the view of economists at MUFG Bank, we may have reached “peak pessimism” for the UK and the Pound. Therefore, the outlook in 2023 is somewhat brighter. Positive developments emerging “Much greater political stability this year than last is one factor here and we can very likely assume that PM Sunak will bring greater […]
Finished the week positive, though fell beneath 0.9270s
Albeit the USD/CHF fell 1% on Friday, the pair finished the week with gains of 0.45%. USD/CHF remains sideways, though slightly tilted downwards, and it could test the 0.9200 mark. If the USD/CHF reclaims 0.9300, that could pave the way to 0.9400. The USD/CHF plunged after hitting fresh weekly highs around 0.9408, plummeting beneath the […]
Positive China News Lifts AUD
AUDUSD, Daily The December FOMC meeting minutes, were hawkish and supported the dollar. The minutes show policymaker’s aim to reduce inflation towards their 2% target, but are concerned that unreasonable easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, will complicate the committee’s efforts to restore […]