How to Trade FOMC & Bank of Canada Rate Decisions

By Kathy Lien, Wednesday’s Federal Reserve and Bank of Canada monetary policy announcements are the most important events on this week’s calendar. After Monday’s bigger moves, the U.S. and Canadian dollars have fallen into tightened trading ranges. This contrasts with the stocks which sold off hard in Asia and resumed their slide during…

Daily Outlook for 26th Jan 2022

Daily Outlook for 26th Jan 2022

Currencies Snap Back On +1,200-Point Dow Turnaround

By Kathy Lien We have not seen this type of volatility in the financial markets since the beginning of the pandemic. The Dow Jones Industrial Average was down 1,115 points in the first half of the New York session but staged a dramatic turnaround to end the day in positive territory, up nearly…

Daily Outlook For 25th Jan 2022

Daily Outlook For 25th Jan 2022

Safe-haven yen gains against Aussie as risk sentiment sours

By Kevin Buckland TOKYO (Reuters) – The safe-haven yen gained versus the riskier Australian dollar on Friday as risk sentiment soured amid rekindled fears of heated inflation and aggressive Federal Reserve policy tightening. The dollar took a breather from recent gains as a rally in U.S. Treasury yields stalled, but was still headed…

Daily Outlook for 19th Jan 2022

Leaping yields buttress dollar ahead of Fed meeting

By Tom Westbrook SYDNEY (Reuters) – The dollar was firm on Wednesday after a rip higher in U.S. yields vaulted it up sharply on the euro overnight, putting it back above support levels that have held for the past few months in anticipation of rising U.S. interest rates. The euro fell about 0.7%…

Daily Outlook for 18th Jan 2022

Dollar fails to catch a lift from higher yields, Bank of Japan in focus

By Alun John HONG KONG (Reuters) – The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on their return from a long weekend break. The Bank of Japan will probably slightly revise up…

Daily Outlook For 14th Jan 2022

The USD fell a day after data showing an in-line spike in US consumer prices in December failed to provide fresh impetus as the Federal Reserve’s bid to normalize policy.