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 […]
Ready to do more on inflation if needed
Share: “British central bank was prepared to do more to get inflation back to target,” said Bank of England (BoE) Chief Economist Huw Pill on Monday per Reuters. The news also states that the BoE suggested last week that interest rates were approaching their peak. Key comments I do have a high degree […]
XAU/USD bounces off $1,860 support amid Fed, China concerns
Gold price snaps two-day downtrend at the lowest levels in a month. US Dollar bulls struggle ahead of Fed Chair Powell’s speech. Sino-American tussles renew as Washington shot down Chinese balloon. Gold price (XAU/USD) consolidates the recent losses as it prints mild gains around $1,875 during early Monday, printing the first positive day in three […]
US inflation expectations probe greenback bulls
As markets await Federal Reserve (Fed) Chairman Jerome Powell’s reaction to the recently hawkish US data, sluggish inflation expectations seem to challenge the US Dollar Index (DXY) bulls during early Monday in Asia, following a two-day rebound from the multi-month low. That said, the US inflation expectations per the 10-year and 5-year breakeven inflation rates […]
USD/CHF extends Fed-inflicted losses towards 0.9020 support, central banks, US NFP eyed
USD/CHF prints three-day downtrend as sellers flirt with 18-month low. Fed drowned US Dollar with dovish hike, downbeat US data also favor USD/CHF bears. Monetary policy decision from ECB, BoE could escalate market volatility, making them important to watch. US jobs report eyed as Fed Chair Powell showed readiness to cut the rates. USD/CHF remains […]
AUD/USD slides towards 0.7000 as unimpressive China data joins RBA, Fed concerns
AUD/USD renews intraday low amid sour sentiment, mixed data. China Caixin PMI fails to overcome 50.0 mark despite improving in January. Mixed concerns over RBA’s next move, especially after strong inflation and downbeat Retail Sales, weigh on Aussie prices. Cautious mood can weigh on risk-barometer pair ahead of Fed’s verdict. AUD/USD takes offers to refresh […]
Upbeat China PMI, IMF growth forecasts probe bears around mid-0.7000s
AUD/USD picks up bids to challenge two-day downtrend. China official PMIs came in firmer for January, IMF revised up growth forecasts. Aussie Retail Sales, cautious mood ahead of the key data/events previously weighed on prices. US data eyed ahead of Fed meeting, risk catalysts are important too. AUD/USD probes the two-day downtrend while picking up […]
USD/JPY bulls hesitate around mid-130.00s as upbeat Japan data tease BoJ hawks
USD/JPY struggles to extend week-start rebound amid strong statistics from Tokyo. Japan’s Unemployment Rate remains unchanged but Industrial Production, Retail Trade cross market forecasts in December. Mixed sentiment, hawkish concerns surrounding BoJ keeps Yen pair sellers hopeful. US CB Consumer Confidence, risk catalysts will be crucial ahead of the FOMC. USD/JPY grinds higher around 130.50 […]
BoJ deploys funds-supply tool again as JGB yields creep up
Bank of Japan (BoJ) marked another show of the Yield Curve Control (YCC) on early Friday as it extends five-year loans against collateral to financial Source link
USD/JPY slides below 130.00 as upbeat Tokyo CPI pleases BoJ hawks ahead of Fed’s preferred inflation
USD/JPY takes offers to refresh intraday low, fades bounce off weekly bottom. Firmer prints of Tokyo CPI for January renews hawkish concerns over BoJ and weigh on Yen prices. Mixed concerns surrounding Fed’s next move, hopes of BoJ’s hawkish turn also please USD/JPY bears. Fed’s preferred inflation gauge eyed for clear directions ahead of next […]