Author: FX

If traders are not also viewing things similarly, there wouldn’t be a pullback in rate cuts pricing over the last month or so. This article was written by Justin Low at www.forexlive.com. Source link

Share: USD/CHF takes a breather after two days of a winning streak. Swiss Franc could receive support from the improved 10-year Swiss bond yield. US Dollar made profits on the Fed Powell’s rejection of rate cut in March amid upbeat economic data. USD/CHF trades lower after registering gains for consecutive two days, edging lower to near 0.8700 during the Asian session on Tuesday. The Swiss Franc (CHF) may be receiving support from the improved 10-year Swiss bond yield, standing at 0.93% by the press time. This movement in the bond yield could be influenced by global market sentiment…

RBA’s less dovish-than-expected decision supported the Aussie earlier today! As expected, the Reserve Bank of Australia (RBA) decided to keep its interest rates at 4.35% in February. The central bank also acknowledged that inflation has eased, but was still uncertain about the pace of its return to RBA’s 2% – 3% target range. AUD/USD 4-hour Forex Chart by TradingView What caught traders’ attention was that Governor Bullock and her team didn’t drop the prospect of future interest rate hikes, saying that “further increase in interest rates cannot be ruled out.” If you recall, central banks like the Fed and the…

Check out this neat channel on NZD/CHF! Can the trend hold up even after New Zealand prints its employment data? Here are the potential pullback levels to watch on the hourly time frame. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

© Reuters. People walk along a street market in Quiapo, in Manila, Philippines, July 11, 2023. REUTERS/Eloisa Lopez/File Photo By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – The Philippine central bank reinforced its hawkish stance on Tuesday despite slower annual inflation in January, as policymakers remain wary that the El Nino impact could lift consumer price growth above its target in the second quarter. The consumer price index rose 2.8% in January, the least since October 2020, the Philippine Statistics Authority said, from a 3.9% gain in December. That was below the 3.1% forecast in a Reuters poll,…

The China securities regulators says it encourages listed firsm to buy back more shares to inject more capital into the A-share market and make every effort to maintain stable market operations.Alibaba reports earnings tomorrow and it has a large cash pile. Many investors would like it to step-up stock buybacks. This might be a tap on the shoulder from regulators that a big buyback would be appropriate. It certainly didn’t hurt META last week. This article was written by Adam Button at www.forexlive.com. Source link

Share: USD/CAD trades in positive territory for three straight days near 1.3540 on Tuesday. Fed Chair Powell said the US central bank remains on track to cut interest rates three times this year. Investors expect the Bank of Canada (BoC) to begin cutting its interest rate from a 22-year high of 5% in April. The USD/CAD pair gains ground below the mid-1.3500s during the early Asian trading hours on Tuesday. A strengthening US Dollar (USD) and higher US Treasury bond yields provide some support for the pair. USD/CAD currently trades near 1.3540, adding 0.03% on the day. The…

RHJ/iStock via Getty Images Gold and silver should rise further in 2024 on expectations that the Federal Reserve will start cutting interest rates, says UBS precious metals strategist Joni Teves, who expects the yellow metal will hit $2,200/oz by the end of the year. Even though the Fed has been shooting down hopes of a March rate cut in recent days, UBS maintained its expectations for the Federal Reserve to ease policy. While there is much uncertainty on the timing and extent of the Fed cuts, “the bottom line is that the market expects the Fed to ease policy and…

pp76/iStock via Getty Images Deutsche Bank analyst Nate Svensson started coverage of Flywire Corp. (NASDAQ:FLYW) stock with a Buy rating on Monday after recent selling pressure has created a good buying opportunity for investors. Since the start of 2024, FLYW has shed 7.3%. From a year ago, the stock retreated 19.6%. At five times his 2025 EV/gross profit estimate, FLYW is changing hands at a ~25% discount to peers, the sell-side analyst wrote in a note. Svensson thinks such a valuation is unwarranted, calling the payments company a “core holding for fintech growth investors due to the company’s competitive advantage…

© Reuters. Investing.com — The Dow closed lower Monday, pressured by a McDonald’s-driven wobble in consumer stocks and jump in Treasury yields after Chairman Jerome Powell shackled hopes of a sooner interest rate cut.  By 16:00 ET (21:00 GMT), the slipped 274 points or 0.7%, the  fell 0.3%, the tech-heavy fell 0.2%. Treasury yields rise after Powell signals patience on cuts In an interview Sunday with CBS’ “60 Minutes” that aired on Sunday. Powell told the news program that the resilient U.S. economy can give Fed officials more time to take a “prudent” approach to possible benchmark interest rate reductions. …