Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Meanwhile, the Dow Jones Industrial Average DJIA, -0.26% lost 8.8% and the Nasdaq COMP, +0.13% tumbled 33%. It’s been […]
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 […]
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 […]
Dollar weakens; Powell declines to push back on easing expectations By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, retreating after a relatively dovish speech from Fed chair Jerome Powell raised hopes the central bank may soon ease monetary policy. At 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of six other […]
Market Update – February 8 – Markets Mixed Following Powell
Trading Leveraged Products is risky Chair Powell’s comments – cancelled each other out – talked more “disinflation” with “significant declines in inflation.” in 2023 but the surprise 517k NFP he could not explain – adding to the 5-5.25% range argument. Fed Fund futures are now pricing the terminal rate at 5.15% in July. (up from […]
That Powell feeling | Forexlive
For all the anticipation and waiting, we didn’t get much of anything new from Powell honestly – at least in my view. There were two parts to his message yesterday and the first was a repeat of last week’s communique in his press conference, in which markets saw as being a softer stance. The second […]
EURUSD Trend Reversal Stalls after Powell Remarks
EURUSD, Dollar, Interest Rate and FOMC Talking Points Talking Points: The Market Perspective: EURUSD Bearish Below 1.0700 The technical structure behind EURUSD the past four months has put the power back into the bulls’ control, but the strong reversal just of the past four days may change our course Fed Chairman Powell caused more than […]
Dollar pulls back as Powell sticks to usual Fed playbook By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, leading […]
Will Powell Pour Cold Water on Tech Rally? |
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Dollar edges lower ahead of key Powell speech; Australian dollar soars By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar slipped lower in early European trade Tuesday, consolidating after recent gains ahead of a key speech from Fed Chair Jerome Powell, while the Australian dollar surged after the Reserve Bank hiked interest rates. At 03:00 ET (08:00 GMT), the , which tracks the greenback against […]