After a rollercoaster in January, the first week of February has a lot in store. Firstly, the BoE monetary policy report on Thursday. The ECB will also announce its monetary policy on Thursday. We have a busy week from the US, with NFP on Friday. So, what can these events bring for the overall markets?
What to look for this week? BoE, NFP, and ECB in focus Read More »
The Federal Reserve kept interest rates around zero on Wednesday, January 26, but maintained its intention to abandon its pandemic-era cheap money policies in the face of significant price increases. So, what can we see in the long run? Powell’s press conference Federal Reserve Chair Jerome Powell suggested in his post-meeting news conference on January
Feds held interest rates near zero but signaled higher rates Read More »
As the Delta wave faded and the Omicron variant became a threat to the rebound in the last months of 2021, the US economic recovery picked up speed. So, will we see a pace in growth in 2022? Strong fourth quarter The fourth quarter provided some reprieve between coronavirus outbreaks. It began while the Delta
US Economy grew more than expected; what’s next? Read More »
A low of 0.6702 or 141 pips was achieved in November in NZD/USD after breaking below its 5-year average at 0.6843. The high was 0.6840, up 138 pips. Currently, NZD/USD is at 0.6809, starting in November. Higher NZD/USD needs to breakthrough 0.6841, 0.6856, and 0.68888. Below is a targeted price of 0.6503 and the same
Currency market forecast report: EUR/USD, NZD/USD, AUD/USD, XEU and ECU Read More »
For the year, the USDCHF range is relatively narrow. Flows out of the safety of the CHF and a rise in the USD have both resulted in a recovery in the USDCHF in 2021. Technically, the longer-term weekly chart suggests a more bearish bias for the year as a whole, despite gains in recent months.
USDCHF is High this Year with Sudden up & down Chop Read More »
The Turkish lira has fallen by almost 8%, and speculators are waiting for the Central Bank to run out of dollars. Lira rose sharply in the past week due to interventions. Traders estimate that government intervention last week cost the central bank more than $ 8 billion On Monday, the lira fell nearly 8% against
Sooner or later, the Bank of Turkey will run out of dollars Read More »
According to the IMF, many institutions trading these assets lacked sound operating, governance, and risk management practices. The International Monetary Fund is concerned about cryptocurrencies because the market is growing fast, and the regulation is not keeping up. Data compiled by the IMF shows that the total market value of crypto assets surpassed $2 trillion
Why is IMF Concerned About Cryptocurrencies? Read More »
On Wednesday, riskier currencies rose from recent lows, while safe-haven currencies like the yen fell against the dollar as Asian markets relaxed their concerns over the Omicron variant. CNY’s new highs In the aftermath of better-than-expected manufacturing figures from November, the Chinese yuan CNY, a beacon of resilience in a stormy few days, reached a
The Omicron fears and the safe-haven currencies Read More »
After Federal Reserve Chair Jerome Powell indicated a rapid reduction of stimulus despite the dangers surrounding the Omicron COVID-19 variant, the safe-haven yen stayed firm on Wednesday. At the same time, the risk-sensitive Australian dollar fell to a one-year low. Investors are concerned that fast monetary tightening may suffocate the fledgling economic recovery, even though
Fed Chair remains hawkish, Yen highs and Aussie slumps Read More »
Something surprising happened this Tuesday Asian afternoon, Risk-sensitive currencies slid, and safe havens gained. It took things in the opposite direction after Moderna’s CEO said that it is unlikely that the COVID-19 vaccines will be as effective against the Omicron variant as it has been with other types. The world is in for yet another
Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD Read More »
