Federal Reserve (FED)

USDJPY rises as BOJ stays dovish The Japanese yen softens as global uncertainty takes a toll on its economy. Japan’s high dependency on energy and raw material imports means that surging prices could hurt the economy. The…
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Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn't the headline that got most of the attention from the press. Specifically, it was the…
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Up until about two weeks ago, there was a pretty strong consensus that the ECB would take the first step towards monetary policy normalization at tomorrow's meeting. That's when the covid asset-buying program (PEPP) would run out. There…
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While everyone has been focused on the horrors of the war in Ukraine, the potential economic fallout has been a little ignored. There have been some passing mentions of the wheat prices, but it still appears to be something only niche…
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USDCHF struggles for support The US dollar softens as the Fed may settle for a less aggressive rate hike agenda. The recent sideways action is a sign of the market’s indecision. Sellers’ previous attempts to push below 0.9150 have…
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EURUSD falls as the prospect of rate hike fades The euro tumbles as traders cut their ECB rate hike wager. A dovish statement from the central bank is expected this week as the war at the gate of the eurozone intensifies. Surging…
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Last month's NFP figures took everyone by surprise, coming in well above even the most optimistic expectations. It was one of many factors contributing to speculations that the Fed would become increasingly hawkish. That, in turn, helped…
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GBPUSD looks to steady The sterling recoups some losses as sentiment stabilizes after the initial fear-driven sell-off. A clean cut through the daily support at 1.3360 has triggered a wave of liquidation. Sentiment remains downbeat…
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AUDUSD struggles as sentiment worsens A deterioration in risk sentiment took a toll on the Australian dollar. War in Ukraine drove investors into safe havens and left riskier currencies such as the Aussie vulnerable. The sell-off…
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EURUSD recovers on narrowing divergence The US dollar steadies as bullish catalysts fade. Contrary to the market's belief, the US Fed may not push interest rates flat out. The January meeting minutes suggest that hikes could still…
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