Tag Archives: QT

The British government bond yields surged by the most in one day in over three decades on Friday, the pound slid to a fresh 37-year against the American dollar after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a move that is meant to boost …

WTI, drops below $80.00 per barrel on Friday, while the US Dollar remains buoyant as the US Dollar Index rises to levels last seen on May 2002, a headwind for the US dollar-denominated commodity. Therefore, WTI is trading at $78.80, below its opening price by almost 6%, after hitting a …

This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …

The USD/CHF is about to finish the trading week with decent gains of 0.39%. Risk-aversion dominates Friday’s US session, as throughout the whole week. The USD/CHF pair also accelerates and reclaims the 0.9600 figure after negative US economic data, showing that the economy, although expanding, is doing it at a …

US Fed Chair Jerome Powell will testify before Congress. Powell’s awaited remarks will be out ahead of the event. Market players will be looking for hints on future quantitative tightening. Economic DataThe UK will release updates on inflation data on Wednesday.Other DevelopmentsCentral bankers keep hinting at aggressive measures. Bank of …

Australia’s top central banker on Tuesday flagged a lot more policy tightening in the upcoming months as rates are seen as still “very low” and it was important that higher inflation did not feed into public expectations and wage claims”.The Reserve Bank of Australia moves to implement what it describes …

The EUR/USD bears stay the course and continue to eye a test of 1.04 the figure. The US dollar has climbed to score fresh bull cycle highs ahead of the Fed. At 1.0448, the Euro is still trailing to the US dollar by some 0.65% despite the recent bid in …

The University of Michigan’s headline Consumer Sentiment Index slumped to 50.2 in June, its worst level since records began back in the 1970s, according to the preliminary release of the university’s widely followed monthly consumer survey. That was a large miss on the expected slight decline to 58.0 from 58.4 …

New Zealand’s dollar slides for the fifth consecutive day after reaching a daily high at 0.6461. However, the NZD/USD is dipping below the 0.6400 figure amidst a risk-off market mood. The NZD/USD is trading at 0.6385, down by 0.86%.Before Wall Street opened, the US Department of Labor reported that Initial …

As the market participants’ attention and focus turns to the ECB, at 1.0720, the EUR/USD pair is 0.2% higher on the day during the North American session. The pair’s price has moved upwards from the 1.0671 low to hit the 1.0748 high. However, trading decisions do take into account the …