Dollar fluctuates as traders look for major bank clarity

6 September, 2016

Dollar fluctuates as traders look for major bank clarity

On Tuesday, the evergreen buck meandered against the Japanese yen as well as other key currencies, amid uncertainty over the timing of the Fed’s next rate lift. Lack of clarity over the BOJ’s policy outlook also made the Japanese yen trade sideways.

The greenback’s surging momentum since Friday’s American jobs data against the Japanese yen and the common currency has eased, weighed on by downbeat mood over the pace of the Fed’s rate hikes.

The Fed’s comments are suggesting they will do at least once this year, though the market isn’t convinced yet.

More Fed official speeches are expected to be delivered later this week, including one by John Williams, Fed Bank of San Francisco President.

The greenback traded at ¥103.66, compared with Monday’s outcome of ¥103.44 in North American trading hours. The euro stood intact at $1.1148. As for the sterling, it was at $1.3325, rising from $1.3303, having obtained a boost on Monday on theВВВ issue of surprisingly strong British services activity data.


Source link  
Morning brief for December 30

EUR/USD spiked to 1.0653 in the course of the Asian session (its biggest intraday gain since early November). The US dollar slackened on the year-end profit-taking. There wasn’t any news hitting the wires. Italy’s government is going to bailout the country’s banks...

Morning brief for December 27

Financial markets are still sleeping with Christmas carols. Trading should be thin this week as the market participants are closing out 2016 volatile year...

Gold is tired of moving in the range

On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...


Banks guidance ahead of the ECB meeting

It seems that everything is clear the ECB will extend its asset-purchasing program, and send the euro lower. But banks smell a rat in this announcement. The ECB should introduce more easing measures...

Goldman Sachs trade ideas for 2017

2017 is promising to be auspicious for the US dollar with the fiscal stimulus, immigration rhetoric and more protectionism spurring inflation rates and offsetting monetary policy tightening. The greenback should have a good advantage in light of the incoming political reshufflings in Europe...

Gold prices drop, but losses seen limited

Gold prices dipped, though losses were expected to remain quite limited as markets were jittery ahead of an American jobs report due later in the day and the American presidential election next week...


Sterling falls notwithstanding UK GDP

On Thursday, the British pound sagged against the greenback, notwithstanding data on third quarter growth showing that Britain’s economy shrugged off the immediate shock of the Brexit referendum...

Greenback is powered by Fed rate expectations

On Wednesday, the US dollar was backed by hopes that American interest rates will edge up by the year-end. It stood flat during Asia trade, just below a nine-month high reached overnight, while the Australian dollar earned as inflation data doused the probability of a rate drop there...

Gold prices drop in Asia amid stronger greenback

On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...

  


Share: