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It seems unlikely that Jerome Powell and Company will rock the boat dramatically this week, but the US dollar could still gain ground - see why!
Traders expect this week’s Fed meeting to be the proverbial “calm before the storm” of aggressive Fed tightening throughout the rest of the year - see what the possibilities are!
July 27, 2021 Daily FX Market Roundup 07.27.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against the euro and Japanese Yen ahead of Wednesday’s Federal Reserve’s monetary policy announcement. This sell-off was driven by a combination of lower yields and weaker economic data. New home sales which were expected to rebound in June declined for the second month in a row. With existing and new home sales falling, the overheated housing market could finally be cooling. Ten year Treasury yields also dropped 4.4% as the S&P 500 ended ...
FOMC meeting preview: Will inflation spook the Fed? The most important data point to watch will be the central bank’s expectations for interest rates in 2022 and 2023... Share: Traders are still digesting the surprising outcome of Thursday’s ECB meeting, wherein the central bank announced that it would start purchasing bonds at a “significantly higher pace” over the next quarter in an attempt to get ahead of rising yields and (potential) increasing price pressures in the coming months. Beyond its immediate implications for Euro...
European Market Open: Tensions rise over vaccine supplies Joshua Warner January 27, 2021 7:11 AM European markets are called to open lower today as concerns grow that vaccine supplies are not keeping up with demand, sparking fears of vaccine protectionism. Share: The EU has called on vaccine manufacturers to deliver as supplies are disrupted due to manufacturing glitches. The IMF raised its global growth forecasts, although downgraded its expectations ...