Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the Read more…
Key Highlights USD/JPY started a fresh decline from well above 116.00. It broke a major bullish trend line with support near 115.60 on the 4-hours chart. EUR/USD surged above 1.1400, and GBP/USD rallied above the Read more…
Fed Governor Christopher Waller told Bloomberg TV, “three hikes is still a good baseline; we will have to wait and see what inflation looks like in the second half of the year.” If inflation continues Read more…
In a Reuters interview, San Francisco Fed President Mary Daly said, “lifting off in March when you have an unemployment rate of 3.9%, and an inflation rate that’s north of our price stability goal of Read more…
An a CNBC interview, Philadelphia Fed President Patrick Harker said “we do need to take action on inflation. It is more persistent than we thought a while ago. I’ve been off the ‘transitory’ team for Read more…
Chicago Fed President Charles Evans said, “I readily admit – I have to be humble about this – I did not expect the inflation rates that we’re seeing and they have lasted longer than I Read more…
Richmond Fed Bank President Thomas Barkin said yesterday, “the closer that inflation comes back to target levels, the easier it will be to normalize rates at a measured pace,” “But were inflation to remain elevated Read more…
Inflation is a hot topic and will likely dominate the agenda for most of the year. Yet despite rising to 7.0%, the highest print since the 80s, the CPI measure of inflation failed to have Read more…
USDJPY broke daily up channel Likely to fall to support level 113.50 USDJPY currency pair recently broke the key support level 114.50, intersecting with the daily up channel from November and the 50% Fibonacci correction Read more…
Gold reversed from resistance level 1826.71 Likely to fall to support level 1800.00 Gold recently reversed down from the pivotal resistance level 1826.71, intersecting with the daily upper daily Bollinger Band and the 61.8% Fibonacci Read more…