The firm argues that the ECB’s decision to pursue a new tool to contain the rout in Europe’s bond markets is paving the way for it to deliver more aggressive tightening measures in the months ahead. “This reduces uncertainties for the second half of the year. The deployment of the anti-fragmentation tool clears the pathway
Month: June 2022
US stocks recovered overnight after Fed delivered the 75bps rate hike as market priced in, while Dollar and yields retreated. Asian markets are mixed with some weakness seen in Hong Kong HSI. For the week, the greenback remains the strongest one, except versus Yen which it’s paring gains against. Sterling is the worst performing as
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July as it did in June. “From the perspective of today, either a 50 basis point
USD/JPY reverses the previous day’s pullback from the highest levels since 1998. Market sentiment remains mixed as yields fail to extend post-Fed downside while stock futures and Asian equities remain firmer. Japan’s Chief Cabinet Secretary hopes BOJ coordinates with government policies. Japan’s Merchandise Trade Deficit widened in May, BOJ’s bond-buying hints eyed. USD/JPY picks up
Gold prices in the national capital rose by Rs 3 to Rs 50,304 per 10 grams in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,301 per 10 grams. Silver also gained Rs 304 to Rs 60,016 per kg from
EURUSD on the hourly chart The EURUSD has seen a move to the upside and back down after the FOMC rate decision. The high price extended to 1.0427. The low price moved to 1.0358. Of interest at that low is that the price stayed above the swing lows from May 12 and May 13 at
The dot plot for June 2022 shows the median rate at the end of 2022 at 3.4%, up from 1.9% in March 2022. With the current rate at 1.7%, that implies an additional 170 bps. For 2023, the median Fed funds target rate is up to 3.8%, up from 2.8% in March 2022 or an
The forex markets are generally staying inside yesterday’s range so far today. Stocks in Europe and US futures are recovering while treasury yields retreat. Traders are clearly turning cautious ahead of FOMC rate decision. The question is whether Fed would deliver 75bps hike as markets priced in, or stick to its 50bps per meeting plan.
The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday in an effort to quell runaway inflation. “The motivation for all of this is that prices are going up,” said Chester Spatt, a professor of finance at Carnegie Mellon
Markets now expect the Federal Reserve (Fed) to hike its policy rate by a total of 150 bps at the next two meetings. Economists at TD Securities believe that gold and risk markets alike could be set-up for a short-squeeze. Sell-the-news rally could catalyze a counter-intuitive knee-jerk reaction in gold “Careful: this Fed day, a
NEW DELHI: Gold prices gained mildly on Wednesday, on the back of weaker treasury yields, ahead of the US Federal Reserve’s meeting. However, the firm US dollar capped gains. Investors have dramatically raised their bets that the Fed will hike interest rates by 75 basis points (bps) rather than 50 bps, a swing in expectations
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Discover how Technical Analysis can help you better time your entries, exits—and become a consistently profitable trader. Learn more about Price Action Trading Secrets: https://priceactiontradingsecrets.com/ [Timestamps] 00:00 – Introduction 01:54 – Technical Analysis Explained 06:37 – Market Structure and Candlestick Chart 14:00 – Market Structure and Moving Average 20:26 – Area of Value and Support
AUDUSD falls to swing area ahead of the 2022 low The AUDUSD is down for the 5th consecutive day. That move has taken the price from from a high of 0.72352 a low today of 0.6965 or 267 pips or -3.7%. Like the other currencies today, the initial move today was in the USD lower
An ECB spokesperson said that “the Governing Council will have an ad-hoc meeting on Wednesday to discuss current market conditions” and that surely refers to the bond market rout in Europe, which has seen Italian yields explode and spreads widen considerably in the past week. The central bank didn’t offer any hints about dealing with
The forex markets are steady in tight range in Asia, while Dollar remains the strongest one for the week. Main focus today is on whether Fed would deliver a 75bps hike as markets fully priced in, or stick to its “original plan” of 50bps hike per meeting. Yen is staying as the second strongest on
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021. More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14, 2022, and the last
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