Dollar Holding in Range, FOMC Awaited
The markets continues to trade in non-committal way as traders await Fed’s comments on treasury yields. Swiss Franc is currently the strongest one for the week, thanks to yesterday’s rally. But there is no follow through buying so far. Canadian...
BOE Preview – Response to Rising Yields in Focus
We expect BOE to vote 9-0 to leave the Bank rate unchanged at 0.1%. Meanwhile, the QE program will also stay at 875B pound worth of government bonds, and 20B pound of corporate debt. Despite contraction in the first quarter,...
Crude Oil Price Correcting Gains, Key Supports Nearby
Key Highlights Crude oil price traded to a new multi-month high at $67.92 before correcting lower. A key bearish trend line is forming with resistance near $65.60 on the 4-hours chart of XTI/USD. Gold price is recovering, but it could...
As Fed gets ready to deliver its interest rate decision, Wells Fargo predicts the 10-year yield could reach 2.25% this year
Don’t rule out a 10-year Treasury Note yield as high as 2.25% this year. That’s the message from Wells Fargo Securities’ Michael Schumacher, ahead of Wednesday’s Federal Reserve interest rate decision. “The fiscal stimulus is enormous, and the vaccine rollout...
Bank of England to Stick to ‘Cautionary Realism’ as UK Yields Surge
The Bank of England will announce its latest decision on Thursday (12:00 GMT) just hours after the Fed’s, likely keeping its monetary policy settings unchanged also. There is no press conference or new economic projections to accompany the March meeting,...
Aussie Yawns after RBA Minutes
The Australian dollar is having a quiet Tuesday session. Currently, the pair is trading at 0.7744, down 0.14% on the day. Aussie dips lower The RBA minutes were a non-market mover on Tuesday, as there were no surprises from the...
Homebuilder confidence drops as interest rates and lumber prices rise
A contractor works on a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 8, 2021. Luke Sharrett | Bloomberg | Getty Images A monthly index measuring homebuilder confidence in the single-family housing market...
BOJ Could Act on Friday, But It May Not Matter: USD/JPY
USD/JPY could see a pullback over the next few days ahead of the FOMC and BOJ meetings The BOJ has been providing monetary stimulus to Japan for years in the form of negative rates, ETF buying, and yield curve control...
Investors now fear inflation and the Fed more than Covid, Bank of America survey shows
Just over a year since Covid-19 turned the world upside down, investors are starting to get over it. For the first time since the pandemic hit, respondents to the Bank of America Fund Manager Survey said the market faces bigger...
Yen and Swiss Rebound, Sterling Decline Fades Quickly
There isn’t really a clear direction in the currency markets today. Sterling’s selloff in European session quickly faded. Focus is turning to Yen and Swiss Franc rebound in early US session. Weakness in treasury yield is a factor driving the...
Signal2forex.com - Best Forex robots and signals




