Author: FX

The ECBs Lagarde along with the ECB were more hawkish on inflation saying that rates would need to rise significantly. That has sent European yields higher, stocks lower and the EURUSD higher. The Fed’s more hawkish stance meanwhile has the USDJPY moving higher and the GBPUSD lower. Things are moving. ADVERTISEMENT – CONTINUE READING BELOW Source link

The US Dollar has remained at stronger levels following the Fed’s hawkish policy update. However, the Fed is unlikely on its own to reverse the bearish tend, economists at MUFG Bank report. Fed to step down the pace of hikes again to 25 bps in February “The Fed’s hawkish policy update will provide more support for the US Dollar in the near-term as it serves as a reminder to market participants not to get too carried away in pricing in bigger dovish pivot from the Fed. However, it is unlikely on its own to reverse the bearish tend that has…

The FOMC, ECB, BoE, SNB and Norges Bank are out of the way, leaving the markets digesting the tightening announcements as we move to the year’s end. The SNB, ECB and BoE all delivered a 50 bp rate hike as expected, with the Norges Bank being the exception of the week hiking policy rate by 25 bp. ECB left the deposit rate at 2.00% and the main refi rate at 2.50%. The statement stresses that rates still have to rise significantly at a steady pace, and the ECB will stop the reinvestment of some bonds maturing under the APP program with…

ECB Rate Decision Key Points: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates as inflation remains sticky as 2023 approaches. The Central Bank expects to raise rates further based on a significant revision of the inflation outlook. Food price inflation and underlying price pressures have strengthened across the economy and are expected to persist for the foreseeable future. Average inflation reaching 8.4% in 2022 before decreasing to 6.3% in 2023, with inflation expected to decline markedly over the course of the year.The Euro Area economy may contract in the current quarter…

Bridgemarq Real Estate Services declares CAD 0.1125 dividend Source link

© Reuters. A stream of particles, which NASA says appears to be liquid and possibly coolant, sprays out of the Soyuz spacecraft on the International Space Station, forcing a delay of a routine planned spacewalk by two Russian cosmonauts December 14, 2022 in this sti By Steve Gorman (Reuters) -A routine spacewalk by two Russian cosmonauts aboard the International Space Station (ISS) was called off as it was about to begin after flight controllers noticed a stream of liquid spewing from a docked Soyuz spacecraft, a NASA webcast showed. The spray of fluid, which was visible in NASA’s live video…

It’s gonna be a busy day for European traders with the BOE, ECB, and SNB publishing monetary policy decisions today! Traders are slightly more interested in what the ECB will have to say though. How will EUR/USD react to today’s headlines? Before moving on, ICYMI, yesterday’s watchlist looked at NZD/USD’s uptrend pullback ahead of the FOMC policy decision. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: EIA: U.S. crude stocks soar by more than 10 mln barrels…

EUR/USD came within a touching distance of 1.0700 late Wednesday. Economists at ING analyze how the pair could react to the European Central Bank (ECB) policy announcements. ECB may surprise on hawkish side “Markets are currently pricing in 54 bps of tightening, but are probably expecting some hawkish signals on quantitative tightening and in the new staff projections. That said, there is still little evidence that the ECB policy is a key driver of EUR/USD. We, therefore, think only a 75 bps hike or the explicit announcement that QT will start at a specific date in early 2023 will be…

<ul><li>Underlying inflation pressure has increased</li><li>Danger remains inflation could stay elevated</li><li>It is too early to sound the all clear</li><li style="" class="text-align-justify">SNB will sell forex in future if appropriate, will also buy to check excessive appreciation pressure</li></ul><p style="" class="text-align-justify">Some token remarks there by Jordan. For today's decision, it is all about the fact that they just hiked by 50 bps instead of 75 bps – which some quarters of the market hoped for.</p> This article was written by Justin Low at www.forexlive.com. Source link

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