Fed Chairman Powell’s implication that Fed tightening in 2022 will exceed market expectations lit a flame under the dollar, which overnight rose 1.2% on a weighted basis to its best level since June 28, 2020. The dollar climbed 0.7% against the euro and Swiss franc, 0.5% relative to the yen, kiwi and sterling, and 0.4% […]
* This article was originally published here
Monday, January 31, 2022
Sunday, January 30, 2022
Saturday, January 29, 2022
Equities and Dollar Up Ahead of FOMC Announcement
Share prices so far today have climbed 1.8% or more in Germany, France, Spain, Italy and Great Britain. Futures trading in the S&P 500, DJIA, and Nasdaq show overnight gains of 1.0 – 1.8%. Equities in Asia closed narrowly mixed with drops of 0.4% in Japan and South Korea but gains of 0.7% in China […]
* This article was originally published here
* This article was originally published here
Friday, January 28, 2022
Pound US Dollar Exchange Rate News: GBP/USD Drops on Hawkish Fed Outlook
GBP/USD Stumbles amid Hawkish Fed Comments
The Pound US (GBP/USD) exchange rate is facing headwinds this morning following hawkish comments from the Federal Reserve following its first interest rate decision of the year.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3428, down...
* This article was originally published here
* This article was originally published here
Thursday, January 27, 2022
Pound Canadian Dollar Exchange Rate Subdued amid easing of UK Covid Measures & High Oil Prices
Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted as Both Currencies...
* This article was originally published here
* This article was originally published here
Wednesday, January 26, 2022
Tuesday, January 25, 2022
Pound Euro Exchange Rate News: GBP/EUR Rangebound amid Lower-Than-Forecast German Production Figures
GBP/EUR Mixed as German Industrial Productions Prints Below Market Forecast
The Pound Euro (GBP/EUR) exchange rate is trading flat in the beginning of today’s session in response to Germany’s disappointing industrial production data for November.
At the time of writing, the GBP/EUR exchange rate is trading at...
* This article was originally published here
* This article was originally published here
Monday, January 24, 2022
Pound US Dollar Exchange Rate News: GBP/USD Dips from Seven-Week High as Coronavirus Continues to Spread
GBP/USD Mixed as Coronavirus Continues to Dominate Global Stage
The Pound US Dollar (GBP/USD) exchange rate is trading flat in the beginning of today’s session in response to coronavirus cases remaining high.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3539, with minimal...
* This article was originally published here
* This article was originally published here
Sunday, January 23, 2022
Rout of Risky Assets Continues
The third week of January has seen relentless selling pressure against riskier financial assets, and Friday is not providing any respite. At next Wednesday’s post-FOMC press conference, Fed Chairman Powell is widely expected to signal a likely rate hike in March and other coming steps to rein in the accommodative policy stance. Equities around the […]
* This article was originally published here
* This article was originally published here
Saturday, January 22, 2022
Friday, January 21, 2022
Thursday, January 20, 2022
Rate Hike at Central Bank of Sri Lanka
The Central Bank of Sri Lanka‘s policy interest rate was also lifted today. An initial increase had been engineered last August of 50 basis points to 5.0%, and today’s move was also a half percentage point to 5.5%. There had been five cuts in 2020 totaling 250 basis points, so the rate remains 150 bps […]
* This article was originally published here
* This article was originally published here
Tuesday, January 18, 2022
Pound Euro Exchange Rate News: GBP/EUR Directionless as German Consumer Morale Slumps
GBP/EUR Muted as German Household Sentiment Deteriorates
The Pound to Euro (GBP/EUR) exchange rate is trading in a narrow range in the beginning of today’s session in response to a larger-than-expected drop in German consumer confidence.
At the time of writing, the GBP/EUR exchange rate is trading at...
* This article was originally published here
* This article was originally published here
Monday, January 17, 2022
Sunday, January 16, 2022
Saturday, January 15, 2022
Another Rate Hike at the Bank of Korea
Officials at the Bank of Korea are the latest to hike a central bank interest rate in this young year of 2022, lifting such by an as-expected 25 basis points to 1.25%. This third such advance since August 2021 reverses all of the early 2020 rate reduction and returns the rate to its pre-pandemic level. […]
* This article was originally published here
* This article was originally published here
Friday, January 14, 2022
Thursday, January 13, 2022
Continuing Market Reverberations from FOMC Minutes
FOMC minutes released yesterday afternoon, which served notice that the federal funds rate is likely to rise further in 2022 than implied earlier and that central bank balance sheet reduction will commence sooner too, have helped allay concerns that monetary officials are treating the threat of inflation too lightly. Given this change, investors on the […]
* This article was originally published here
* This article was originally published here
Wednesday, January 12, 2022
Awaiting FOMC Minutes and Digesting More Purchasing Manager Surveys Taken Last Month
FOMC Minutes from the December policy meeting, due at 14:00 EST (19:00 GMT) will be combed for further clarity about bond purchase tapering, Fed balance sheet management, the timing of an initial hike of the federal funds rate target, and how aggressively the rate might be raised thereafter. With this big event just hours away, […]
* This article was originally published here
* This article was originally published here
Tuesday, January 11, 2022
Pound US Dollar Exchange Rate News: GBP/USD Slips as Covid-19 Cases Surge
GBP/USD Falls as Covid-19 Cases Rocket
The Pound to US Dollar (GBP/USD) exchange rate is dropping in the beginning of today’s session due to coronavirus cases reaching new record heights globally.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3458, down around 0.3% on the...
* This article was originally published here
* This article was originally published here
Monday, January 10, 2022
Pound Australian Dollar Exchange Rate News: GBP/AUD Slumps amid Easing Coronavirus Concerns
GBP/AUD Drops as Coronavirus Anxieties Ease
The Pound Australian Dollar (GBP/AUD) exchange rate is falling at the beginning of today’s session in response as easing Covid concerns fosters a risk-on mood.
At the time of writing, the GBP/AUD exchange rate is trading at approximately AU$1.8873, down roughly by 0.2%....
* This article was originally published here
* This article was originally published here
Sunday, January 9, 2022
Case Keeps Rising for Early Rise in Fed’s Interest Rate
The case is growing for an FOMC rate hike in March. From a monetary policy standpoint, Fed officials are expected to pay more attention to faster-than-expected wage growth and lower-than-forecast unemployment last month than to December’s 199k rise in jobs, which was only half as much as predicted. For one thing, employment growth in October-November […]
* This article was originally published here
* This article was originally published here
Saturday, January 8, 2022
Next Week’s Menu: January 1 – 7, 2022
Central Banks: Central bank activity gets off to a slow start. There’s a policy review at the Bank of Israel and FOMC minutes from the last 2021 review of Fed policy will be published. Holidays and Events: While the bulk of market closures for the New Year’s Holiday are slated tomorrow (December 31), some markets […]
* This article was originally published here
* This article was originally published here
Friday, January 7, 2022
Opening Bell on 2022
Some financial markets such as those in Japan, China, Great Britain, Australia, and New Zealand remained closed on this first business day of 2022. But manufacturing sector purchasing managers surveys were reported for many economies, and some price data were released, too. In market activity, the dollar held steady against the Japanese yen and Chinese […]
* This article was originally published here
* This article was originally published here
Thursday, January 6, 2022
Wednesday, January 5, 2022
Pound Australian Dollar Exchange Rate News: GBP/AUD Muted amid Rising Omicron Concerns
GBP/AUD Muted as Covid-19 Concerns Prevail
The Pound to Australian Dollar (GBP/AUD) exchange rate is trading in a narrow range in the beginning of today’s session despite a risk-on mood amid thin post-Christmas trade and rising Covid-19 cases.
At the time of writing, the GBP/AUD exchange rate is trading at...
* This article was originally published here
* This article was originally published here
Tuesday, January 4, 2022
Pound Australian Dollar Exchange Rate News: GBP/AUD Firms amid Risk-Off Mood
GBP/AUD Firms amid Risk-Off Trade
The Pound to Australian Dollar (GBP/AUD) exchange rate is strengthening on Friday as the Omicron coronavirus variant continues to dampen market mood.
At the time of writing, the GBP/AUD exchange rate is trading at $1.8838 with a market movement of 0.4%.
Australian...
* This article was originally published here
* This article was originally published here
Monday, January 3, 2022
Further Recovery in Risk Appetite Ahead of Holiday
Most major markets, but not Japan’s, will be closed partially or fully tomorrow for Christmas Eve. As a result, some data were released earlier than normal today. Covid developments today were constructive on the whole. Although new cases continue to crest on the Omicron wave, the latest variant doesn’t appear to be as lethal as […]
* This article was originally published here
* This article was originally published here
Sunday, January 2, 2022
A Deadly and Stressful Year about to Close
With New Years Day falling on Saturday, most major markets will not be trading tomorrow. What trading there has been today has been light, and there will be few regrets to seen 2021 pass on to the ages. The weighted DXY dollar index has slipped less than 0.1% overnight but shows a significant advance of […]
* This article was originally published here
* This article was originally published here
Saturday, January 1, 2022
Pound Canadian Dollar Exchange Rate Subdued as Omicron Weighs on Pair
Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted as Omicron Stifles...
* This article was originally published here
* This article was originally published here
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