Category: Dovish
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Bitcoin Surges Past $99,000 Following Dovish Remarks From Atlanta Fed President Bostic
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After spending more than two weeks trading in the mid -90,000 dollar, Bitcoin (BTC) began to climb towards a brand of $ 100,000 with psychological significance. The leading cryptocurrency increased to $ 99,000 after Duofish comments From the head of the Federal Reserve in Atlanta (Fed), Rafael Bustic. Bosctic’s Dovish…
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Why Is Crypto Up – Dovish Fed, No Rate Cut, Wall Street Pepe Hits $64.5M
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The first meeting of the Federal Open Market Committee (FOMC) was concluded in the year in a upscale note. In short: There are no price cuts, nutrition feeding, and improved labor market condition. In response, Bitcoin ($ BTC) rose to 105 thousand dollars for the first time since last Friday,…
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What does a dovish Fed mean for Asia FX? Goldman Sachs answers By Investing.com
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Goldman Sachs said the U.S. Federal Reserve’s first rate cut in more than four years has eased market fears of a recession, with improved risk appetite likely to boost interest-rate-sensitive Asian currencies. GS said in a recent note that it expects many emerging market currencies in Asia to outperform, while…
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Asia-Pacific stocks mixed amid dovish Fed signals, and broadening Middle East conflict
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Chachamal Asia-Pacific stock markets were mixed on Monday, following a rally on Wall Street on Friday after US Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole suggested the Fed could start cutting interest rates in September. Markets also monitored geopolitical developments in Tensions are rising in the Middle East…
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NZDUSD Technical Analysis – A more dovish RBNZ weighs on the Kiwi
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Basic Overview Yesterday, the US PPI report came in below expectations by a wide margin, leading to a sell-off in the US dollar as the market began to prepare for a potentially weak US CPI release today. This led to a major breakout in the NZD/USD pair, which was short-lived…
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Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia shares rebound, hoping for dovish outlooks in US and UK By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares rose on Monday in a busy week of earnings and three central bank meetings that could see the United States and the United Kingdom open the door to monetary easing while Japan could raise borrowing costs in a move toward “normalcy.” Oil…
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RBNZ Announced “Dovish Hold” in Highlighting Weaker Domestic Inflation
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The Reserve Bank of New Zealand left interest rates unchanged at 5.50% for the eighth straight month in July, as expected. Their official statement indicated that their restrictive monetary policy had succeeded in reducing price pressures enough to allow the committee to forecast a return to its annual inflation target…
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Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…
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ForexLive Asia-Pacific FX news wrap: RBNZ leans more dovish, NZD drops
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The two most interesting items during the session here were inflation data from China and the Reserve Bank of New Zealand’s July monetary policy review. The Reserve Bank of New Zealand dropped a dovish bombshell. I explained it at the time (see points above): *** From the Reserve Bank of…
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Dollar slips after dovish Powell speech; euro gains ahead of French vote By Investing.com
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The US dollar fell in early European trading on Wednesday after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation, while the euro rose ahead of the second round of French parliamentary votes. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of…
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Analysts don’t see Powell changing his dovish stance even if CPI surprises By Investing.com
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Economists at Wolfe Research provided their insights on the Fed’s outlook following comments made by Fed Chair Jerome Powell. Powell maintained his pessimistic stance yesterday, which is in line with his comments the previous month. He pointed to the ongoing rebalancing in the labor market, described the current interest rate…