Tag Archives: FED

The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …

Gold Prices continue to trade higher on Friday amid month-end US dollar weakness, with prices still above $1900. But XAU/USD has pulled back from earlier highs with US yields rallying in wake of the latest US data dump. Traders’ focus now has switched to next week’s Fed policy meeting, with …

The bullish attempt in EUR/USD appears to have bumped into a wall around the 1.0600 yardstick at the end of the week.EUR/USD retreats from earlier highs near 1.0600 amidst some tepid rebound in the USD, although the mood around the dollar remains tilted towards the bearish side on Friday.The pair …

The Dollar Index (DXY), a trade-weighted basket of major USD currency pairs, surpassed its 2017 highs to come within a whisker of hitting 104.00, its highest level since December 2002. This was primarily a result of a steep sell-off in the yen that launched USD/JPY to fresh multi-decade highs of …

Analysts at Danske Bank continue to expect the Federal Reserve will hike interest rates by 50bp three meetings in a row (May -next week-, June and July) and 25bp on each of the last three meetings (September, November and December). They are still of the view that risks are skewed …

Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …

The relentless USD buying pushed USD/CAD to a fresh multi-week high on Thursday. The disappointing release of the US GDP capped the upside for the USD and spot prices. Softer crude oil prices, aggressive Fed rate hike bets support prospects for further gains.The USD/CAD pair trimmed a part of its …

Wednesday witnessed a sharp reversal of recent yen strength, which lacked a clear trigger. Meanwhile, the US dollar has reclaimed the top spot in the daily G10 performance table, and saw the trade-weighted US Dollar Index (DXY) hit fresh more than five-year highs. The Dollar Index rallied to the north …

US Treasury yields surged at the long end on Wednesday after the prior day’s rally as investors awaited greater clarity on the “restrictive” policy the Federal Reserve plans to pursue next week to combat inflation by curbing economic growth.This week a lot of the price action you’ve seen in bonds …

The NZD/USD pair is down by 0.33% from a high of 0.6590 but has consolidated into the close in the North American session above the tailspin lows of 0.6527. The pair has been pressured on Wednesday ahead of key data for the US on Thursday and the Federal Reserve next …