Monetary policy is clearly working health that wanted to work Russia war on Ukraine important inflation driver. Economy is doing really well. Isn’t worried about the actions of other central banks. Does not know when fed will change monetary policy At some point interest rates will need to come down Does not feel urgency to […]
The US Dollar eases back to earlier levels for this week. Markets are seeing US equities trying to stage turnaround and head back into Risk On. The US Dollar retreats further below 105.00, heading to 104.50 again. The US Dollar (USD) is fully retreating from its peak performance on Wednesday. All gains that got booked […]
Gold (XAU/USD) Analysis and Charts UST 2-yr yields touch 5% after weak auction. Gold looks set to test Fibonacci support. Learn how to trade gold with our complimentary guide: Recommended by Nick Cawley How to Trade Gold This week’s auction of 2-, 5- and 7-year US Treasuries, totaling $183 billion, met weak demand and pushed […]
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Investing.com– Most Asian currencies weakened on Thursday, while the dollar crested over two-week peaks amid caution ahead of more key cues on U.S. inflation and interest rates in the coming days. Regional currencies were still reeling from a string of hawkish signals from the Federal Reserve, as officials warned that they needed much more confidence […]
European Central Bank Governing Council member Kazaks (governor of Latvia’s central bank) spoke with MNI (gated) and Bloomberg (also gated). Via the Bloomberg report: ECB shouldn’t switch to “autopilot” in cutting interest rates dependence on incoming economic data is “still key” “Wages-productivity-profit margins to watch carefully” Kazaks says he is “fine” with current market pricing […]
USD/JPY rises to 157.67, driven by Federal Reserve’s commitment to higher rates. Technical indicators show strong bullish momentum, with key resistance at 158.00. Intervention threats by Japanese authorities keep buyers cautious as pair advances. The USD/JPY climbs to a four-week high yet it remains capped by intervention threats by Japanese authorities. Federal Reserve officials’ tough […]
FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 slips to near one-month low The FTSE 100 continues its short-term bearish run and is fast approaching the 8,200 late April high, in the process trading in near one-month lows. Further, more significant, support can be spotted in the 8,095 to 8,017 region, made […]
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It was a mixed close for US major stock indices. Dow Industrial Average average fell -216.73 points or -0.55% at 38852.87 S&P index rose 1.32 points or 0.02% at 5306.03. That is short of its all-time high close reached last week at 5321.42 NASDAQ index rose 99.09 points or 0.59% at 17019.88. It was the […]
By Karen Brettell (Reuters) -The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions. The Treasury Department saw soft demand for sales of two-year and five-year notes. They came after data showed that U.S. consumer confidence unexpectedly improved in May after deteriorating for […]
The US Dollar recovers and nearly erases all losses for this Tuesday. Fed’s Kashkari surprises markets with hints of a rate hike. The US Dollar Index heads back to 104.50. The US Dollar (USD) bounces on Tuesday after the US opening bell with help from Federal Reserve Bank of Minneapolis President Neel Kashkari. Fed’s Kashkari floated […]