Market Update – February 9 – FedSpeak supports USD, but the Bard bombs
FEDSpeak – in virtual union about higher rates (along with Dimon “too early to declare victory vs. inflation”) – Fed Funds terminal rate now 5.122%. USDindex holds at 1-mth highs in flat FX markets, US10yr yield 3.653. Google’s AI the “Bard” bombed (got a wrong answer in a promo demo) – #Alphabet shares tanked -9% […]
Asia FX muted amid disinflation talk, RBI supports rupee By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies moved little on Wednesday as traders digested less hawkish than expected comments from Federal Reserve Chair Jerome Powell, while the Indian rupee advanced as the Reserve Bank vowed more interest rate hikes. The was among the better performers for the day, rising 0.2% after the […]
Feds Waller: Supports 25 basis point hikes. See’s encouraging signs of wage moderation
> Feds Waller: Supports 25 basis point hikes. See’s encouraging signs of wage moderation Favors a 25 basis point rate hike at the upcoming meeting and continued policy tightening beyond that We have made progress is still considerable way to go toward 2% inflation goal By early December that the policy stance was a slightly […]
Intraday Market Analysis – USD tests key supports
EURUSD recoups losses The US dollar tanked after wage growth was slower than expected in December. The pair previously came under pressure near last June’s highs around 1.0750. A double top at 1.0710 capped the euro’s advance and led to a correction. A three-leg sell-off below 1.0520 prompted some buyers to bail […]