Why AUD & EUR are Soaring into RBA, ECB
By Kathy Lien, The two best performing currencies today were the Australian dollar and euro which is a bit ironic because the Reserve Bank of Australia and the European Central Bank are two of the least hawkish central banks. Yet central bank expectations are the reasons why AUD and EUR soared on Monday.…
Dollar set for sparkling week as hike expectations surge
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for its best week in seven months on Friday after breaking through key levels against the euro as traders priced in a year of aggressive U.S. interest rate hikes. Federal Reserve chair Jerome Powell unleashed bets on five or more hikes this year…
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…
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