ECB Preview + 50bp Hikes for CAD & NZD
The global tightening cycle is in full swing with half point interest rate hikes from the Bank of Canada and Reserve Bank of New Zealand.
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The global tightening cycle is in full swing with half point interest rate hikes from the Bank of Canada and Reserve Bank of New Zealand.
Investors continued to buy U.S. dollars, driving the greenback to its strongest level against the Japanese Yen in more than 6 years.
Fed gears up to raise rates for the first time since 2018. How to trade it. the stage for FOMC.
The euro staged a dramatic intraday reversal today on the back of the European Central Bank’s monetary policy announcement.
By Kathy Lien, Managing Editor Oil prices soared above $100 a barrel driving equities and currencies sharply lower. Euro and sterling were hit the hardest
The first week of March will be another busy one for investors. Russia’s invasion of Ukraine continues to rock the financial markets with currencies and
The U.S. dollar traded lower against all of the major currencies on Wednesday despite hawkish FOMC minutes and good U.S. data.
This is supposed to be a week focused on data that would shed light on how the U.S. and global economy has been faring since the beginning of the year.
Never underestimate the power of short covering. We saw a lot of that today in EUR/USD and more could follow – 1.15 is an important level that we expect to be tested and broken.
Investors have also been buying euros ahead of the European Central Bank rate decision. No changes are expected from the ECB but the recent uptick in inflation has many traders pricing in a year end rate hike.
The two best performing currencies today were the Australian dollar and euro which is a bit ironic because the Reserve Bank of Australia and the European Central Bank are two of the least hawkish central banks.
Wednesday’s Federal Reserve and Bank of Canada monetary policy announcements are the most important events on this week’s calendar.