Federal Reserve Governor Christopher Waller said on Tuesday that he needs to see several more months of good inflation data before being comfortable to support an easing in policy, per Reuters. Key takeaways "Exception to that would be … [Continue reading]
USD/CHF holds its position around 0.9100, FOMC Meeting Minutes eyed
USD/CHF inched lower possibly due to the higher yield on 10-year Swiss bond. SNB Chairman Thomas Jordan will deliver a speech about monetary policy at the Swiss Media Forum on Friday. The US Dollar may advance due to the hawkish remarks from the … [Continue reading]
Australian Dollar weakens as risk aversion grips the market
The Australian Dollar extends losses due to risk aversion sentiment on Tuesday. Australia’s Consumer Confidence fell 0.3% MoM in May, marking the third consecutive month of decline. RBA Meeting Minutes showed that it was challenging to rule in … [Continue reading]
New Zealand Treasury: There is no near-term turning point seen for the economy
The New Zealand Treasury's Economic Update issued late last week showed that there is no near-term turning point seen for the economy and the consensus expects the Reserve Bank of New Zealand (RBNZ) to hold interest rate on Wednesday. … [Continue reading]
EUR/USD Forecast: EUR/USD steady sub-1.0900 ahead of fresh clues
EUR/USD Current price: 1.0865 A holiday in Europe and a scarce American calendar kept EUR/USD range bound. Germany and the Eurozone will release minor macroeconomic figures on Tuesday. EUR/USD consolidates last week’s gains; bulls paused but … [Continue reading]
Fed officials speak cautiously on policy outlook after April inflation report
Fed policymakers' comments will be watched closely by investors this week. Markets see a waning probability of a Fed policy hold in September. Fed rate outlook could influence the risk mood and the US Dollar's valuation. Federal Reserve (Fed) … [Continue reading]
BoE’s Broadbent:
Bank of England (BoE) Deputy Governor Ben Broadbent said on Monday that it was possible that the BoE could cut the policy rate this summer, per Reuters. "If things continue to evolve with its forecasts - forecasts that suggest policy will … [Continue reading]
Australian Dollar remains firmer due to improved risk appetite, tepid US Dollar
The Australian Dollar appreciates due to improved risk appetite on Monday. The Aussie Dollar may struggle as Australia’s 10-year bond has dropped to its monthly lows. The US Dollar faces a challenge as US Treasury yields inch lower. The … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1042 vs 7.1045 previous
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 … [Continue reading]
Crypto analyst says Bitcoin bottom is very close, another correction in BTC likely
Bitcoin is trading above key support at $65,000, at $67,090 on Sunday. Crypto analyst Rekt Capital says that a Bitcoin bottom is very close, based on his analysis. Crypto trader Yoddha takes an opposing stance, says there may be no deep … [Continue reading]