US stocks exhibited mixed performance on Friday, with investors continuing to digest signals concerning the next monetary policy-related moves by the US central bank. The S&P 500 and Dow rose, shaking off earlier losses. The Nasdaq shares held in the red territory as technology stocks underperformed. As of Thursday’s close, …
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After a strong week, the euro is suffering from some profit-taking and EUR/USD has fallen back to the mid-1.10s. EUR/USD’s failure to press higher beyond the 1.1100 level was likely also due to hawkish Fed commentary.Though not the worst-performing currency in the G10 on the day, the euro currently sits …
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Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …
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The USD/JPY is losing 0.23% amid a mixed-market mood in the week. The DXY approaches the 96.00 figure despite increasing tensions in Ukraine. Fed’s Bullard and Mester favor hiking rates at a faster pace.The USD/JPY pair reversed the curse as the weekend approached amid a mixed market sentiment, driven by …
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The US Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and the first of July 2022, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for strong action from the Fed against stubbornly high inflation.“We are missing …
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The USD/JPY pair has rebounded from the 1.1500 level during the US trading session on Monday, having failed on multiple occasions since last Friday to break below the key level. The pair is now trading close to highs of the day in the 115.60s, up about 0.2% and is eyeing …
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The NZD/USD traders were taken on a ride of volatility on Thursday as the markets positioned for macro inflationary pressures which flows made their way through every facet of the forex space. The commodity complex was bid on the inflation hedge play which initially supported the kiwi after the knee-jerk …
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The Gold Price Index, XAU/USD, is under pressure as the New York session’s volatility dies down following the early morning chaos that has resulted in plenty of two-way business in financial markets. Gold initially moved lower after the post-15-minute candle’s toing and froing, sliding to $1,825. This was before the …
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St Louis Fed President James Bullard on Tuesday said that he thinks it an open question whether the Fed will have to become more restrictive (i.e. raise rates above the “neutral” 2.0%-2.5% zone). Additional Quotes:“We will be able to assess our position in a few months’ time.”“I think it’s premature …
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According to Federal Reserve Bank of St. Louis President James Bullard, four rate hikes in 2022 now appear very likely in the face of high inflation, a rate hike in March seems on the table. The labour market is as tight as anyone has ever seen it, Bullard added in …
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