Tag Archives: powell

The dollar fell on Tuesday, after a strong rally, amid dealers’ reluctance to make big bets ahead of a series of expected economic data this week, while the Japanese yen fell to close to the levels that led the authorities to intervene to support it last year. The dollar fell …

The USD is trading weakly against the majority of its competitors on Monday due in large part to a small consolidation and a risk-positive market environment. On the other side, while markets continue to assess Jerome Powell’s speech on Friday, the hawkish rhetoric of the European Central Bank is gaining …

WTI has surged despite Chinese economic fears, trading near $80.00 and at $79.94 per barrel. The fragile Chinese economic situation limits upside potential, but markets are monitoring potential supports from the Chinese government.Oil prices managed to maintain momentum despite the fragile real-estate sector and the plummeting Evergrande’s stock. The US …

The dollar retreated slightly from a 12-week level on Monday, August 28, as investors assessed the path of US monetary policy after US Federal Reserve Chairman Jerome Powell left the door open to the possibility of further interest rate hikes. In a highly anticipated speech at the annual financial policy …

After Jerome Powell, Fed Chair declared that monetary policymakers will proceed carefully in making interest rate decisions, Wall Street is hoping for its first profitable week in four weeks. The Nasdaq composite and Dow Jones Industrial Average both increased by 0.9% in late trade, while the S&P 500 increased by …

Following Powell’s hawkish comments, DXY increased by 0.18%, signaling a higher dollar relative to six major currencies. With ambiguous Treasury yield curve signals and conflicting official opinions, a 25-bps rate hike in November has a 46.7% chance of happening, which defies past Fed projections.The US Dollar Index (DXY), a gauge …

Interest rate futures tied to the Federal Reserve’s policy rate on Friday priced in a more than even chance of tightening at either the November or December policy meetings after Chair Jerome Powell struck what market participants perceived to be a moderately hawkish tone.The Fed though is widely expected to …

All key financial assets, including Thursday’s firmer US dollar, await Fed’s Powell speech on Friday before the Jackson Hole Symposium. Volatility is expected, and it could lead to sharp moves across financial markets.All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s …

The WTI crude oil is climbing to $79.05 per barrel, up 0.20%, at the time of writing, as hawkish signals by Fed officials initially dent but later fail to suppress oil prices.Iran announces plans to ramp up crude oil production to 3.4 million bpd by the end of September. The …

The AUD/USD pair sets a third consecutive day of gains, rising more than 0.60% towards 0.6470. PMIs from August from the US and Australia came in lower than expected.Dovish bets on the Fed are applying pressure on the USD. The AUD/USD gained traction in Wednesday’s session, driven by a weaker …