Week Ahead
By Joana Ferreira, Stock markets in the US and Germany will be closed on December 24th, while in the UK and Canada, trading ends early on Christmas Eve. Investors in the US will turn their attention to the personal income report, with forecasts suggesting income continued to rise at a steady pace in…
Dollar on back foot after hawkish tilts by BoE, ECB
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar remained under pressure on Friday, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected, giving a boost to sterling and the euro. The dollar index, which measures the currency against six major peers including…
Fed Sees 3 Hikes, Will the ECB Lady Taper?
By Kathy Lien The Federal Reserve took a big step in their battle with inflation today when they announced plans to taper asset purchases by $60 billion a month. In November they were cutting purchases by $15 billion a month and in December they raised that amount to $30 billion. They also raised…
3 Ways to Trade Fed Rate Decision
By Kathy Lien, Currencies and equities have been consolidating ahead of Wednesday’s Federal Reserve monetary policy announcement. It is the most important event risk of the week and the most likely catalyst for breakouts. With that said, U.S. retail sales will be released before FOMC and the outcome will affect positioning before the…
FX – Top 10+ Events to Watch this Week
By Kathy Lien, Buckle your seatbelts and brace for some big moves in the markets this week. Everything from equities, currencies to Treasuries and crypto have been itching for breakouts. With five major central bank rate decisions, US retail sales, PMIs from Europe, job reports from the U.K. and Australia along with major…
FX – Trading Cautiously Ahead of US CPI
By Kathy Lien The U.S. dollar traded higher against all of the major currencies on Thursday with the exception of the Japanese Yen. The Federal Reserve meets next week and faster removal of policy accommodation is widely anticipated. Today’s jobless claims report confirms that the labor market is blazing hot. The number of…
Dollar stays soft with Omicron and Fed top of mind
By Alun John HONG KONG (Reuters) – This week’s rally in risk-friendly assets and currencies like the Australian dollar petered out on Thursday, but the U.S. dollar struggled to regain its lost ground as investors waited for a key Federal Reserve policy meeting due next week. The Aussie dollar was steady at $0.7171…
AUD Bounces Off 0.70 Ahead of RBA Outlook
By Kathy Lien The U.S. dollar rallied on Monday against some but not all of the major currencies. Our readers should not find the rally in USD/JPY or decline in EUR/USD surprising because we talked about how a soft jobs report changes nothing for U.S. policymakers on Friday who are laser focused on…
Antipodeans battle to stem Omicron slide; cryptos lick weekend wounds
By Tom Westbrook SYDNEY (Reuters) – Riskier currencies fought for a foothold on Monday against a dollar, buoyed by uncertainty around the Omicron variant and the expectation of more hot U.S. inflation data putting upward pressure on interest rates. Cryptocurrencies nursed big losses from a wild weekend that at one stage crushed bitcoin…
Dollar – Unfazed by Omicron, Looks Ahead to Good NFP
By Kathy Lien, Health experts around the world are worried about Omicron but investors are not – at least, that’s what the 2% rally in stocks and rebound in the U.S. dollar suggests. Everyone knew that the first cases of Omicron in the U.S. was only a matter of time and having lived…
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