Sterling fell to a new three-week low against the US dollar yesterday as investors maintained a risk-averse appetite amid the growing tensions in Ukraine and anticipation of a US Federal Reserve rate hike. The British pound, considered to be a risked currency, suffered most of its weakness from the global standoff over a possible invasion […]
Risk-averse Japanese yen and US dollar climbed higher on Tuesday as other risk-sensitive currencies as the New Zealand dollar fell alongside the euro, amid growing concerns over a potential Russian invasion of Ukraine and a hastened policy tightening by the Federal Reserve. The Australian dollar climbed briefly following a strong consumer price data release, which […]
The US dollar currently struggles to backtrack from what could be its highest weekly fall in over a year on Friday, as investors pulled away from the greenback as they believe that the possible rate hikes this year have been fully priced in. The dollar fell against most of its competitors following a data release […]
The US dollar index (DXY) maintained a sideways bias in the early trading session on Tuesday as traders remained on the sidelines ahead of incumbent Fed Chair Jerome Powell’s nomination hearing later today, for clues on possible price breakouts. In his released opening remarks published yesterday, Powell would pledge to curtail excessive inflation from “becoming […]
The opening week of 2022 came with some surprises for the forex market but made little dent on the euro/dollar pair. The most notable shocker came after the US Federal Reserve, according to the released Minutes from its December meeting, noted that it plans to taper its bond holdings over the coming months. The US […]
“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About four years ago, Mr. Geoffrey (not his real name) came to me and said […]
The US dollar maintained a bearish bias in the London session on Tuesday amid the growing market appetite for risk assets and currencies. The DXY extended its losses overnight following a bump on Democratic spending plans in Washington. However, a more bearish reaction got prevented amid the spike in Omicron cases across the globe, which […]
