March 14, 2023 10:45 am
EUR/USD traded not far from fresh one-month highs on Tuesday, as concerns over a larger systemic crisis in the wake of the collapse of Silicon Valley Bank (SVB) and Signature Bank triggered speculation that the Fed could pause its rate-hiking cycle. The abrupt collapse of startup-focused Silicon Valley Bank, the largest bank failure in the […]
Read moreMarch 7, 2023 9:28 am
AUD/USD registered a fresh 2 1/2-month low on Tuesday, after the Reserve Bank of Australia suggested it might be almost done with policy tightening as consumer spending was slowing and there was lower risk of a wages-driven inflation blow-out. The RBA raised its cash rate by 25 basis points to 3.60% at its March policy […]
Read moreMarch 2, 2023 9:15 am
Having gained 0.9% on Wednesday after a surprise inflation acceleration in Germany mounted more pressure on the European Central Bank to raise interest rates, EUR/USD weakened on Thursday, as the greenback drew support from a surge in US Treasury yields. Investors are now expecting the preliminary CPI inflation data for the Euro Area as a […]
Read moreFebruary 21, 2023 9:56 am
EUR/USD remained a notch weaker on Tuesday following a slew of key macro data from the Euro Area, while the greenback was firm ahead of US data set, due out later in the day, which could provide clues over future interest rates. Preliminary figures by Markit showed earlier on Tuesday that German manufacturing sector activity […]
Read moreFebruary 14, 2023 9:56 am
USD/JPY edged lower on Tuesday after Kazuo Ueda’s surprise nomination to be the next Bank of Japan governor, while market players were expecting the key US CPI inflation data for more hints on the Federal Reserve’s policy outlook. The Japanese government nominated Kazuo Ueda, a former BoJ policy board member and an academic at Kyoritsu […]
Read moreFebruary 7, 2023 9:41 am
AUD/USD rebounded from a one-month low on Tuesday, after the Reserve Bank of Australia lifted its cash rate to a new decade-high and stuck with guidance of further policy tightening. The RBA raised its cash rate by 25 basis points to 3.35% at its February policy meeting earlier on Tuesday, in line with market expectations. […]
Read moreJanuary 31, 2023 8:57 am
USD/JPY remained mostly steady on Tuesday, as market players were wary ahead of the Federal Reserve’s policy meeting outcome on Wednesday, which could provide hints if interest rates were nearing a peak. Trading was subdued on Tuesday, as two more central banks, Bank of England and the European Central Bank, are expected to announce their […]
Read moreJanuary 24, 2023 10:26 am
EUR/USD traded in proximity to a fresh nine-month peak on Tuesday, as market players were weighing the chances of US economy entering a recession against the Federal Reserve’s monetary policy outlook. Markets are now pricing two more 25 basis point rate hikes by the Federal Reserve this year and rates peaking at around 5% by […]
Read moreJanuary 17, 2023 9:30 am
USD/JPY traded in proximity to a seven-month trough on Tuesday, as market players awaited the outcome of the Bank of Japan’s two-day policy meeting to be concluded tomorrow. Speculation has emerged that the central bank could introduce a shift to or even end its yield curve control policy, as 10-year Japanese bond yields have been […]
Read moreJanuary 10, 2023 9:07 am
EUR/USD traded in proximity to a seven-month peak on Tuesday, as market players bet the Federal Reserve may be approaching the end of its interest rate hike cycle, while risk sentiment was additionally underpinned by China reopening its borders. The US Dollar Index was inching down 0.04% on the day to 103.135, after sliding to […]
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