US Dollar Selling Quickens as Fed Leaves Policy Path Unchanged
2021-04-28 18:15:00
Rich Dvorak,
Analyst
US DOLLAR OUTLOOK: USD/CAD EYES 2018 LOW AS FEDERAL RESERVE STANDS PAT ON MONETARY POLICY
US Dollar weakness looks likely to linger with the Federal Reserve staying dovish on policy
Fed officials reiterate calls for transient inflation and a patient approach to normalizing
USD/CAD price action might continue gravitating toward 2018 lows near the 1.2250-level
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Markets are currently digesting the latest Federal Reserve announcement that just crossed the wires. The FOMC statement provided little new information with the central bank deciding to leave the target Fed funds rate range unchanged at 0.00-0.25% and maintain the current pace of QE at $120-billion per month. This was widely expected by markets, which in turn, is resulting in an overall muted reaction by the US Dollar. Ten-year treasury yields also changed little in response and continue to fluctuate arou
Crypto Latest: Tesla Bitcoin Sales Show $101-Million Gain, Ripple Surges
2021-04-26 22:00:00
Rich Dvorak,
Analyst
BITCOIN PRICE OUTLOOK: BTC/USD DEFENDS 100-DAY SIMPLE MOVING AVERAGE AS TESLA REPORTS PROFIT FROM CRYPTO HOLDING, XRP/USD EXPLODES HIGHER
BTC/USD and XRP/USD are on fire today as major cryptocurrencies extend sharply higher
Bitcoin outlook remains constructive due to potential for further private sector adoption
Tesla earnings reveal an eye-popping $101-million gain on the sale of digital assets in 1Q
Bitcoin (BTC/USD) and other cryptocurrencies like Ripple (XRP/USD) and Ethereum (ETH/USD) are soaring today. XRP/USD price action is leading the way with a near 20% gain on the session, followed by BTC/USD and ETH/USD up about 10% and 6%, respectively. The sharp extension higher across digital assets could be in response to some positive news flow – like JPMorgan announcing a new Bitcoin fund offering to wealthy clients or Tesla earnings showing a whopping $101-mi
Australian Dollar Forecast: AUD/USD Eyes Inflation, Risk Trends
2021-04-23 21:00:00
Rich Dvorak,
Analyst
AUSTRALIAN DOLLAR WEEKLY FUNDAMENTAL FORECAST – BULLISH
Australian Dollar bulls might take the steering wheel next week and drive AUD/USD higher
The Aussie has potential to advance as inflation heats up and risk trends remain favorable
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AUD/USD price action has drifted broadly sideways over the last month or so. The Australian Dollar looks like it has started to perk up a bit more recently, however, as Aussie bulls attempt to regain lost ground and capitalize on US Dollar weakness. This may follow improving outlook for the Australian Dollar on account of the latest flash PMI data, which showed an acceleration in private sector growth to the strongest reading on record. Australia’s PMI report also noted that ongoing supply chain disruptions continued to exert upward pressure on inflation, adding that the data showed the “steepest increases in both input c
EUR/USD on Defense as US Dollar Firms Following Strong PMI Data
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of clients are net short. Long
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of clients are net short. Long
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of clients are net short. Long
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of clients are net short. Long
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2021-04-23 14:00:00
Rich Dvorak,
Analyst
US DOLLAR OUTLOOK: EUR/USD STRENGTH STALLS FOLLOWING LATEST PMI REPORT
EUR/USD price action advancing as Bund to Treasury yield spreads turn higher
US Dollar under pressure despite better-than-expected PMI data just released
Markets are digesting the latest round of monthly PMI data just released by IHS Markit. EUR/USD price action has been trading on its front foot for most of the session with a broadly stronger Euro piggybacking on a softe
Canadian Dollar Forecast: CAD/JPY Primed to Claw Back Downside dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.