Analyse

FOMC Minutes: What are the Main Takes

FOMC Minutes: What are the Main Takes

The minutes of the February 1 FOMC meeting were largely expected, but with some hawkish edits added to reflect recent strong activity and inflation data. The majority supported a slowing pace of rate hikes by 25bp, but a few advocated for a larger 50bp hike, which had already been mentioned by Bullard and Mester.
ACY Securities | vor 803 Tagen
Fed Keeps to Higher Rate Path, DXY Flat; RBNZ Hike Lifts Kiwi

Fed Keeps to Higher Rate Path, DXY Flat; RBNZ Hike Lifts Kiwi

The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of foreign currencies, closed steady at 104.22 (104.18 yesterday). Minutes from the Fed’s recent FOMC meeting showed that nearly all policymakers favoured more rate hikes to tame rising inflation.
ACY Securities | vor 803 Tagen
Dollar Bears Will Have to Be Patient

Dollar Bears Will Have to Be Patient

Last night's release of the February FOMC minutes provided little comfort to dollar bears who were looking for signs that the Fed was increasingly buying into the disinflation/slowdown narrative. Yet the subsequent rise in US yields and strengthening of the dollar has been quite muted.
ACY Securities | vor 803 Tagen
US Growth Revised Lower US Dollar Paradox

US Growth Revised Lower US Dollar Paradox

US Growth was not as strong as first thought in Q4. GDP was yesterday revised lower to 2.7%, confirming a year that was a real struggle. As we had forecast, but certainly against the general sentiment at the start of 2022.
ACY Securities | vor 803 Tagen
Key Takes from the Majors Currencies

Key Takes from the Majors Currencies

A string of stronger than expected US economic data has continued in February. It is supporting the USD with terminal rate expectations rising consensus bearish views being challenged.
ACY Securities | vor 803 Tagen
USD: No Minutes to Waste

USD: No Minutes to Waste

Following Monday's US bank holiday, the USD gained traction yesterday, buoyed by the sell-off in both equity and fixed income markets. However, the marginal upside surprise in the US flash PMIs for February seems insufficient, as this leading indicator has historically had poor predictive power in terms of activity in the real economy.
ACY Securities | vor 803 Tagen
Chart of the Day - EURUSD

Chart of the Day - EURUSD

Join Luca Santos, Technical Market Analyst at ACY Securities as he presents some technical as well as fundamental insights on the EURUSD.
ACY Securities | vor 804 Tagen
The Dollar creeps up

The Dollar creeps up

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar creeps up
FxPro | vor 804 Tagen
US Dollar Has to Retreat

US Dollar Has to Retreat

The market major starts this new week of February with an attempted correction. EUR/USD is balancing near 1.0690.
RoboForex | vor 804 Tagen
GBP Extends Gains on Strong UK PMIs, US Dollar Lifts

GBP Extends Gains on Strong UK PMIs, US Dollar Lifts

Upbeat UK Manufacturing and Services PMIs lifted the British Pound (GBP/USD) to 1.2110 from 1.2030 yesterday. Sterling outperformed its peers. UK Services PMI jumped to 53.3 from 48.7 and lifted the Composite number above 50 for the first time in 7 months.
ACY Securities | vor 805 Tagen