FOMC Hikes Policy Rate by 75 Basis Points, Signals Many More to Come
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EUR/USD Stabilizes near 0.990 after ECB Rate Declaration
While the EUR/USD pair was expecting the outcome of the European Central Bank’s monetary policy decision, it traded at 1.0000. This continued as the request for USD slowed down. The equity market fought hard to extend profits in Asia and Europe during the initial half of today. Although the majority of indexes recorded in-day profits. […]
Business
Financial Markets Price In an 80% Chance of a 0.75% Interest Rate Increase
As the markets continue to show notable volatility, economists expect the European Central Bank (ECB) to implement an aggressive 75 basis point rate hike on September 8. This is according to a poll by Reuters, as the financial institution races to get inflation under control . If the ECB raises its rates by 75 basis […]
Business
Euro Returns Above Dollar Parity as Traders Anticipate Big ECB Rate Hike
The euro (EUR) reclaimed its footing above parity against the dollar (USD) on Tuesday as traders turned their focus to Germany’s inflation data, which should give indications of the likelihood of an aggressive interest rate hike decision by the European Central Bank (ECB) . At press time, the EUR/USD pair trades up by 0.32% today, […]
Business
GBP/USD Dips Due to Sentiment Shift, as Fed Talks About Rate Reduction
San Francisco’s Federal Reserve President (Mary Daly), remarked that: saying inflation has been defeated is premature. Subsequently, she approved a 50 or 75 basis point rate increase for next month’s (September) gathering. Mary Daly included that main inflation keeps rising and the market does not understand this. However, she said consumers know fully well that […]
Business
British Pound Set For Rally As BoE Confirms Additional Rate Hike
The British pound (GBP) is primed for a mild rally against a weaker US dollar (USD) on Tuesday as traders turn their focus to the UK’s interest rates after the Bank of England (BoE) confirmed an additional hike. Deputy Governor of the BoE Dave Ramsden told the press that the bank plans to raise its […]
Politics
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big rate increases and believes they should continue. Signal2frex feedbacks The post Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves first appeared on Forex robots store.
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Dollar Retains Bullish Bias As Fed Officials Promise More Rate Hikes
The US dollar (USD) retained a bullish outlook against its currency counterparts on Thursday, as US Federal Reserve officials asserted that the central bank was unwavering in its aim to cut down the overblown inflation with aggressive interest rate policies. Fed officials fought to dispel the narrative that the bank has reached its peak in […]
Politics
Markets Steady Awaiting BoE Rate Hike, Dollar Making Progress
Aussie and Kiwi firm up mildly in Asian session, following the rebound in risk markets. But overall, the currency markets are rather quiet, with major pairs and crosses stuck inside last week’s range. Traders are probably holding their bets for now, and await today’s BoE rate decision. Another big event of US non-farm payroll employment… […]
Politics
Fed’s Bullard sees more interest rate hikes ahead and no US recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in interest rate increases this year as the Fed continues to battle the highest inflation levels… […]