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The Dollar pushed higher against the other major currencies on Wednesday, even after data showed that US new home sales rose less than forecast in February and as hawkish comments by several Federal Reserve members continued to support the greenback...
USD/CHF Trade Idea Major support – 0.9630 (trend line joining 0.91136 and 0.9257) The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516. Short term trend is slightly bullish as long as support 0.9630 holds...
U.S. Treasury Climbs on Fed Interest Rate Caution The U.S. sovereign bonds price rallied on Wednesday, pushing the yield on the benchmark 10-year Treasury note to a 1-month low, as investors cheered Federal Reserve Chairwoman Janet Yellen’s cautious stance in raising interest rates...
Yellen Added Fresh Fuel to the Dollar’s Correction - BBH Research Team at BBH, notes that the Yellen came across very dovish in her speech yesterday as she mentioned the need for "gradual" rate hikes numerous times...
The main takeaway, in our view, from Chair Yellen’s comments before the Economic Club of New York, is that a combination of higher external risk factors, downward revisions to committee member’s estimates of the long-run policy rate, and the asymmetry of monetary policy at the zero lower bound ca...
Dovish Yellen Reignited Positive Sentiment in the Market - Rabobank Piotr Matys, EM FX Strategist at Rabobank, notes that the dovish comments from Federal Reserve Chair Janet Yellen reignited positive sentiment in the market...
German CPI Preview: What to Expect of EUR/USD? The bid tone surrounding the EUR/USD pair weakened a bit over the last hours as the broad US dollar selling stalled. Although the prices kept range and now consolidates the upside around 1.1320 ahead of key macro releases from both continents...
US: Focus will be on the ADP Employment – Deutsche Bank Research Team at Deutsche Bank, suggests that in the US the focus will be on the ADP employment change reading for March as a prelude for the Friday employment report, with market expectations currently sitting at 195k...
Yellen’s speech today was consistent with the FOMC’s communication two weeks ago – dovish, if not a bit more so. It supported our more dovish stance than the consensus on rates...
Gold Surrenders Gains, Flirts with Hourly 200-MA Gold is threatening to drop below hourly 200-MA level of $1236.57 ahead of the data in the US, which could show private sector employment growth slowed in February. Gold to snap two-day winning streak...
US: Yellen Manages to Up Her Dovishness Even Further - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the Fed Chair Yellen managing to escalate her dovish stance even further with comments yesterday that would make you wonder what it is that Chair Yellen knows that we all don’t...
XAU/USD: Risks for Economic Growth in the USA Yesterday’s speech by the head of the US fed Janet Yellen obviously disappointed market participants, as it indicated that chances of the interest rate increase in the USA in April are low...
Analytical Review of the Currency Pair GBP/USD Technical data of the currency pair: Previous closing: 1.4385; Daily range: 1.4369-1.4434; Opening: 1.4385...
Euro Zone Sentiment Sours Despite Being captured Before Brussels Attack Euro Zone sentiment report showed confidence tilted despite additional stimulus from European Central Bank. Moreover the data were collected before recent terror attack on Brussels...
UK Gilts Rise As Yellen Hedges on Rates The United Kingdom 10-year gilts gained for second straight day on Wednesday amid following dovish comments made by the Federal Reserve Chair Janet Yellen...
EUR/USD: Neutral: Increasing upside risk. As indicated yesterday, a move to 1.1280 would not be surprising (overnight high has been 1.1303). From here, this month and last month peak at 1.1342 and 1...
FXWIREPRO: GBP/USD Faces Strong Resistance Around 1.4480, Good to Sell on Rallies Major resistance – 1.4480 (trend line joining 1.4663 and 1.4474) Major support -1.4350 (55 day EMA) Cable has retreated after making a high of 1.4450 level. It is currently trading around 1.43925...
#USDJPY has rebounded from the upper boundary of the horizontal channel down as a result of the cautious Yellen's speech. A #stochastic oscillator confirms the reversal and it is recommended to hold short positions. Find out more by checking out the Source Link...
Fed: On the Wings of a Dove - Investec Research Team at Investec, suggests that despite hawkish comments from various Federal Reserve members since the decidedly dovish FOMC statement earlier this month, Fed Chair Janet Yellen stuck to her dovish tone from the central bank meeting in a speech yes...
