The Fed is about to set its post-crisis policy course — with a high level of uncertainty ahead
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, U.S., June 22, 2021. Graeme Jennings | Reuters When the Federal Reserve adjourns its meeting Wednesday,...
Dollar Mixed as Markets Turn Cautious ahead of FOMC Tapering
Overall markets are quite mixed for now. While US indexes surged to new record highs overnight, positive sentiment was not carried forward to Asia. Major pairs and crosses are also stuck in range. It seems that traders and investors have...
Market Morning Briefing: Aussie Is Holding Below 0.7550
STOCKS Dow and Dax have limited scope on the upside and could see some profit taking soon. Dow and Dax can fall from 36100 and 16000/400 respectively. Nikkei can test 30000 while Shanghai has already broken below 3500 which if...
New Zealand Jobs Data To Keep The Pressure On AUDNZD
The fall in the commodity currencies started after the dovish RBA outcome yesterday afternoon, accentuated by sharp falls in key commodity prices on Chinese futures exchanges. To put some of the recent moves in the commodity space in context, coal...
Democrats might not touch these taxes on the wealthy, but they’re going up anyway
Tasos Katopodis | Getty Images News | Getty Images Democrats jettisoned a number of proposals to raise taxes on the wealthy in their $1.75 trillion social and climate spending measure. But those taxes are set to increase even if lawmakers...
Investors expect a faster pace for Fed rate hikes, CNBC survey shows
Amid heightened concerns about inflation, respondents to the CNBC Fed Survey believe the Federal Reserve will announce a decision to taper Wednesday and begin hiking interest rates considerably sooner than previously forecast. Respondents to the survey overwhelmingly forecast that the...
Pound Under Pressure ahead of BoE Meeting
The British pound has edged lower in the Tuesday session. GBP/USD is currently trading at 1.3625, down 0.28% on the day. Will BoE press rate trigger? There is plenty of anticipation ahead of the BoE policy meeting on Thursday. There...
Yen Extended Rebound as German Yield Dives, But Lacks Follow Through Buying
Yen extended rebound in European session following the sharp fall in benchmark Germany yield. But struggling to extend gain as markets enter into US session. Overall markets are mixed as investors are probably turning cautious ahead tomorrow’s FOMC policy decision....
USD/CAD Finds Support In Trend Line
On Monday, the resistance of the 1.2400 held and caused a decline of the USD/CAD. However, during the mid-day hours of the day the rate found support in the ascending trend line of the October 27 and 29 low levels....
RBA Review – Ending Yield Curve Control and Pushed Forward First Rate Hike to 2023
The RBA tilted modestly to the hawkish side by formally ending the yield curve control and adjusting its forward guidance on the first rate hike. Policymakers remained optimistic over the economic outlook and were not very concerned about inflation. Aussie...
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