Daily Outlook for 27th Jan 2022
Daily Outlook for 27th Jan 2022
Dollar finds buyers as Fed flags hikes
By Tom Westbrook SINGAPORE (Reuters) – The dollar was perched near a five-week high on Thursday, bolstered after Federal Reserve chair Jerome Powell primed investors for U.S. interest rate hikes beginning in March. Overnight the Fed left policy unchanged but Powell foreshadowed a sustained battle to tame inflation. He told reporters there was…
How to Trade FOMC & Bank of Canada Rate Decisions
By Kathy Lien, Wednesday’s Federal Reserve and Bank of Canada monetary policy announcements are the most important events on this week’s calendar. After Monday’s bigger moves, the U.S. and Canadian dollars have fallen into tightened trading ranges. This contrasts with the stocks which sold off hard in Asia and resumed their slide during…
Daily Outlook for 26th Jan 2022
Daily Outlook for 26th Jan 2022
Currencies Snap Back On +1,200-Point Dow Turnaround
By Kathy Lien We have not seen this type of volatility in the financial markets since the beginning of the pandemic. The Dow Jones Industrial Average was down 1,115 points in the first half of the New York session but staged a dramatic turnaround to end the day in positive territory, up nearly…
Daily Outlook For 25th Jan 2022
Daily Outlook For 25th Jan 2022
Safe-haven yen gains against Aussie as risk sentiment sours
By Kevin Buckland TOKYO (Reuters) – The safe-haven yen gained versus the riskier Australian dollar on Friday as risk sentiment soured amid rekindled fears of heated inflation and aggressive Federal Reserve policy tightening. The dollar took a breather from recent gains as a rally in U.S. Treasury yields stalled, but was still headed…
Leaping yields buttress dollar ahead of Fed meeting
By Tom Westbrook SYDNEY (Reuters) – The dollar was firm on Wednesday after a rip higher in U.S. yields vaulted it up sharply on the euro overnight, putting it back above support levels that have held for the past few months in anticipation of rising U.S. interest rates. The euro fell about 0.7%…
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