ForexLive Asia-Pacific FX news wrap: USD a touch weaker, not much in it
In Asia Tuesday markets remained closed in: for Lunar New Year holidays. The full list of the extended Asian timezone holidays can be found here: The absence of key markets meant thin liquidity trade in the region. News flow was limited. We did get preliminary PMIs for January from Australia and Japan. These tend to […]
Intraday Analysis – USD heads lower
USDJPY struggles to rebound The US dollar edges lower due to bearish inertia across the board. On the daily chart, the pair is still hovering above last May’s lows of 126.50 as the bulls strive to keep the outlook rosy in the medium-term. The price action has stabilised above 127.80 with the […]
USD barks but doesn’t bite. Forecast as of 23.01.2023
2023.01.23 2023.01.23 USD barks but doesn’t bite. Forecast as of 23.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When the global economy is gradually recovering, the Fed is slowing down, and the ECB is still determined to act boldly. In such conditions, EURUSD has no choice but to rise. Let’s discuss this topic and make up a trading plan. Weekly […]
US Dollar Slips as Markets Weigh Fed Perspectives in Thin Trade. Lower USD?
US Dollar, DXY Index, USD, Fed, Lunar New Year, Crude Oil, Gold – Talking Points The US Dollar dipped today on the possibility of the Fed being less aggressive Equity markets that remain open over the Lunar New Year are buoyant so far today If Fed slows its hiking pace, will the DXY (USD) index […]
USD shifts gears. Forecast as of 20.01.2023
2023.01.20 2023.01.20 USD shifts gears. Forecast as of 20.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Earlier, the Fed raised the rate several times by 75 bps and then slowed down to +50 bps. Now the US regulator is ready to go to the standard +25 bps. How does this circumstance, along with the change in macro statistics, affect EURUSD? Let’s […]
AUD/USD bulls reclaimed 0.6900 as the USD wobbles
A risk-on impulse favored risk-perceived currencies like the Australian Dollar. The US housing market continues to deteriorate, as shown by Existing Home Sales plunging. Fed officials favor a deceleration of rate hikes, though the higher-for-longer stance remains unchanged. The AUD/USD edged higher in the mid-North American session on Friday, following a soft employment report from […]
USD remains range-bound on dovish Fed rate hike outlook
Asset markets are somewhat sluggish and reluctant to recover on Friday, following Thursday’s drop, which saw S&P 500 breaking through 3900 points. Dollar was slightly bid on the back of growing risk-off, however, during this week the DXY appears to remain in equilibrium in the range of 102-102.50:Despite a slew of negative updates on the […]
Market Update – January 20 – USD Wallows, Stocks Weaker, Japanese Inflation at 41-year high
Better US data (Unemployment Claims & Philly Fed Manu Index) could not lift the USD (USDIndex under 102.00) & Wall St. (-0.76% to -0.96%). US hit its latest debt ceiling ($31.4 trillion) as Republicans try to rein in Biden’s spending. Potential default postponed until June 5. More Hawkish comments from […]
Intraday Market Analysis – USD still under pressure
USDJPY gives up gains The Japanese yen tumbled after the BoJ shattered hopes that it would wind down its stimulus policy. Still the dollar’s short-lived surge turned south at a previous demand zone around 131.50 which coincides with the 20-day moving average. This is a sign that the mood has remained cautious […]
Market Update – January 19 – Stocks sink, USD rises after weak data & JPY bounces back
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and […]