Daily Market News by Xtreamforex.com

Page 33 of 33 FirstFirst ... 23313233
Results 321 to 328 of 328

Thread: Daily Market News by Xtreamforex.com

  1. #321
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default Dollar Decline, Investors contemplate ECB’s Warning

    Daily Market News by Xtreamforex.com
    The U.S. Currency fell on Friday morning in Asia as investors anticipated for U.S. Federal Reserve meeting in the coming week.

    The U.S. Dollar Index Futures that traces the greenback declined 0.17% to 91.170 against a basket of other currencies.

    The USD/JPY pair slightly down 0.06% to 107.90.

    The AUD/USD pair inched up 0.37% to 0.7735.

    The NZD/USD pair slightly up 0.14% to 0.7182.

    The USD/CNY pair edged up 0.07% to 6.4958.

    The GBP/USD pair was slightly up 0.19% to 1.3862.

    The Fed is going to announce the policy verdicts on Apr. 28, instantly when investors hoping that might keep its ongoing policy the same. Though, investors keeping eyes wide open for any clue by Fed.

    Although investors will be on the prospect for any remarks about ascending monetary easing in the future,
    Fed Chairman Jerome Powell is expected to reform European Central Bank (ECB) President Christine Lagarde’s indication that anticipation of keeping the bond purchases narrow because of the announcement of ECB policy on Thursday.

    Germany will release April’s manufacturing and service Purchasing Managers Indexes (PMIs) later in the day.

    The U.S. will also release its April’s manufacturing and services PMI later in the day with new home sales in March.

    Investors are being on the positive side as the Dollar and Euro are surely going to take a big turn and vigorously waiting for the Fed’s decision.

  2. #322
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default The Dollar Elevated but Endures near Seven-week low Amid Fed policy Decision

    The dollar was up on Tuesday morning in Asia, although, stayed near multi-week lows as U.S. Treasury yields sink. Most investors consolidate positions ere the U.S. Federal Reserve’s most advanced policy decision.

    The U.S. Dollar Index traces the greenback slightly up by 0.14% to 90.907 against the basket of other currencies.

    The USD/JPY pair slightly up 0.15% to 108.25, with U.S. currency climbing up 0.1% with ongoing inclination from Friday’s seven-week low of 107.48.

    The Bank of Japan kept its interest rates the same at 0.10% at the time of releasing the policy decision earlier in the day with the expectations of Investors.

    The AUD/USD pair inched down 0.12% to 0.7790.

    The NZD/USD pair inched down 0.14% to 0.7224.

    The USD/CNY pair slightly up 0.03% to 6.4863.

    The GBP/USD pair edged down 0.06% to 1.3888.

    The euro dropped down 0.1% to $1.2078 but remained near the one-month high of $1.2117 hit on Monday.

    The dollar has declined nearly 3% since late March 2021, as U.S. Treasury yields remain untouched in restricted areas after escaping from their 14-month high of 1.7760%. The benchmark 10-year U.S. Treasury yield hovered near 1.58% on Tuesday.

    Investors are looking forward to the Fed’s decision on Wednesday, keenly waiting for the comments from Chairman Jerome Powell. Mostly the questions will be in regards to enhanced economic outlook justifies removal of monetary easing by the central bank.

    The dollar has declined nearly 3% since late March 2021, as U.S. Treasury yields remain untouched in restricted areas after escaping from their 14-month high of 1.7760%. The benchmark 10-year U.S. Treasury yield hovered near 1.58% on Tuesday.

    For more latest market news visit our website: XtreamForex

  3. #323
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default Dollar Elevated with Expectations on Fed Policy Decision

    The Dollar inclined on Wednesday Morning in Asia after the U.S. Federal Reserve’s announcement of latest policy decision and Joe Biden’s spoke in front of a collective assembly of Congress, is going to happen later in the day.

    The U.S. Dollar Index traces the greenback against a basket of other currencies edged up 0.10% to 90.980.

    The USD/JPY pair inched up 0.14% to 108.83 as Japan showed a 5.2% gains which were better than the expectation in March retail sales yearly earlier in the day, but the nation still in a worrisome situation due to the rapid increase in COVID-19 cases and Bank of Japan’s confession on Tuesday that inflation is not going to reach its key 2% target through early 2023.

    The AUD/USD pair declined 0.24% to 0.7745. Australia’s Consumer Price Index (CPI) data released earlier in the day, rising 0.6% quarterly and 1.1% yearly during the first quarter of 2021.

    The NZD/USD pair was stable at 0.7207.

    The USD/CNY pair edged up 0.05% to 6.4863.

    The GBP/USD pair declined 0.26% to 1.3876.

    Even Though the dollar recover from its lowest level since March 3 hit on Monday disbelief abide on whether its downward trend since late March is over.

    Receding odds on whether the Fed will start putting the foundation for a future policy tightening promptly when its hands down its decision, also contributed to the U.S. currency’s decline.

    Although the central bank is anticipated to maintain its aggressive policy, some investors suggested that signs of rising inflation expectations could nudge it to reject the position sooner than expected. The break Even inflation rate rose above 2.40%, its highest level since 2013, on Tuesday.

    For more latest market news visit our website: XtreamForex

  4. #324
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default Dollar Declined, Euro Elevated as Fed kept Dovish Monetary Policy

    The Dollar declined on Thursday morning in Asia, as the U.S. Federal permit in its most advanced policy decision the global reflation trade with persistently aggressive monetary policy.

    The U.S. Dollar Index traces the greenback against a basket of other major currencies slightly down 0.08%.

    The USD/JPY pair slightly down 0.01% to 108.58. A holiday in Japan could help reduce losses during the Asian session.

    The AUD/USD pair Edged up 0.04% to 0.7792.

    The NZD/USD pair Edged up 0.08% to 0.7258.

    The USD/CNY pair inched down 0.11% to 6.4702.

    The GBP/USD edged up 0.15% to 1.3954.

    The dollar’s failure was the euro’s gains, with the only currency hitting its highest level against the dollar following late February 2021 while deciphering major trendline resistance at $1.2114.

    The Fed preserved its interest rate constant at 0.25% as it delivered its policy decision on Wednesday as per investor expectations. Fed Chairman Jerome Powell stating it was “not time yet” and that employment still had a long way towards recovery.

    USD/TRY slightly higher to 8.1972, before the first public policy presentation by Turkey’s new central bank Governor Sahap Kavcioglu.

    For more latest market news visit our website: XtreamForex

  5. #325
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default Xtreamforex Technical Analysis : 30-04-2021

    Pound (1.3947) has been rising slowly. A break above 1.40 is needed for the pair to turn bullish and rise further towards 1.41-1.42 in the longer run.

    For now watch a rise to 1.40 to see if it manages to break above or faces rejection from there.

    RESISTANCE LEVEL: R1: 1.39573, R2: 1.39657, R31.39794 PIVOT POINT: 1.39488 SUPPORT LEVEL: S1: 1.39352, S2: 1.39215, S3: 1.39131.


    Euro
    (1.2118) dipped from 1.2150 but the decline is likely to be limited to 1.2090 for the near term before the Euro again starts to rise. Watch price action near 1.2090.

    RESISTANCE LEVEL: R1: 1.21325, R2: 1.21427, R3: 1.21564 PIVOT POINT: 1.21223 SUPPORT LEVEL: S1: 1.21086, S2: 1.20949, S3: 1.20847, S3: 1.20745.

  6. #326
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default Dollar Constant as Traders Support for more U.S. Data

    After its recent bounce on Monday, the Dollar straightened as investors made a cautious start to a week packed with central bank meetings and U.S. economic data, anticipating evidence on the global inflation outlook and policymakers’ responses.

    Trade was reduced by holidays in Japan, China, and Britain, which kept a cover-up on volatility, leaving the U.S. Currency to trade where it completed after a Friday leap.

    It held at $1.2040 per euro and crept to a three-week high of 109.66 yen.

    The U.S. Dollar Index traces greenback versus a basket of other currencies slightly up 0.07% to 91.330.

    The USD/JPY pair was high 0.229% to 109.59.

    The AUD/USD pair edged up 0.05% to 0.7720.

    The NZD/USD pair elevated 0.22% to 0.7176.

    The USD/CNY pair inched up 0.05% to 1.3821.

  7. #327
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default Dollar High as regardless of Surprise fall in U.S. Manufacturing Data

    The dollar was high on Tuesday morning in Asia as an unexpected slowdown in U.S. manufacturing growth cut off Investor bets on a booming U.S. economy giving the U.S. currency a boost.

    The U.S. Dollar Index traces the greenback against a basket of other currencies inclined 0.22% to 91.125.

    The USD/JPY pair was up 0.22% to 109.28.

    The AUD/USD pair was down 0.21% to 0.7744.

    The NZD/USD pair inched down 0.33% to 0.7174.

    The USD/CNY pair was steady at 6.4735.

    The GBP/USD pair was down 0.27% to 1.3872.

    Japanese and Chinese markets remained closed for a holiday.

    The U.S. Institute of Supply and Management ISM Manufacturing Purchasing Managers Index (PMI) released on Monday, was a lower-than-expected 60.7 for April.

    The euro rose 0.3%, as investors understood economic data from the region. The German Manufacturing PMI was 66.2 for April, while the Eurozone’s manufacturing PMI was 62.9.

    Investors are now looking to further data to be released later in the week including the U.S Trade balance and the April U.S. employment report which includes non-farmer payrolls.

    Benchmark ten-year U.S. Treasury yields dropped 2.5 basis points late as the data baffled, and like New York, Fed President John Willian emphasized that the economic recovery so far is “not nearly enough” to harden monetary policy.

  8. #328
    Senior Member
    Join Date
    Oct 2015
    Location
    Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    381
    Thanked: 0

    Default The Dollar Climbs Highest in over Two Weeks

    in ro ham eslah kon:
    The dollar was up on Wednesday morning in Asia as concerns over U.S. Treasury Secretary Janet Yellen’s comments about increasing interest rates.

    The U.S. Dollar Index traces the greenback versus a basket of other currencies was high 0.31% to 91.210.

    The USD/JPY pair was steady at 109.32.

    The AUD/USD pair elevated 0.35% to 0.7732.

    The NZD/USD pair gained 0.38% to 0.77196.

    The New Zealand dollar was supported by local employment data, including the employment change that increased 0.6% quarterly during the first quarter of 2021.
    The USD/CNY pair was steady at 6.4735.

    The GBP/USD pair inched up 0.15% to 1.3906 as investors expect the Bank of England policy decisions that will be delivered on Thursday.

    This jump in the dollar came in the wake of comments from U.S. Treasury Secretary Janet Yellen inferring the requirement of increased rates in the future.

    Yellen said at a virtual meeting on Tuesday “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat,” “Even though the additional spending is relatively small relative to the size of the economy, it could cause some very reasonable increases in interest rates.”

    Yellen later tried to reverse the importance of these remarks, but the mere mention of U.S. tightening frightened a market that has become so affected by the Federal Reserve’s monetary stimulus.

    So far, Federal Reserve Chair Jerome Powell has disputed the labor market is still far short of where it needs to be to start talking of tapering asset buying.
    Three more Fed officials are speaking later on Wednesday providing the opportunity for further market-moving comments.

Similar Threads

  1. Daily Market News by TradingForexcom
    By TF2012 in forum Daily Market News
    Replies: 49
    Last Post: 03-26-2018, 07:52 AM
  2. FxNet Daily Market News
    By FxNet in forum Daily Market Analysis
    Replies: 10
    Last Post: 04-19-2016, 11:41 AM
  3. Daily Market News By FXNET.com
    By FxNet in forum Daily Market Analysis
    Replies: 61
    Last Post: 03-24-2016, 02:11 PM
  4. Daily Market News
    By hoangtri in forum Daily Market News
    Replies: 4
    Last Post: 01-04-2016, 03:37 PM
  5. Replies: 0
    Last Post: 11-26-2013, 08:19 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us