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NFP early insight: USD/JPY vulnerable to a soft reading

NFP early insight: USD/JPY vulnerable to a soft reading
cityindex.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityindex.co.uk Daily Mail and Mail on Sunday newspapers.

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Fed-bestuurder: arbeidsmarkt VS moet nog verder herstellen

Fed-bestuurder: arbeidsmarkt VS moet nog verder herstellen
nieuws.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nieuws.nl Daily Mail and Mail on Sunday newspapers.

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FOMC meeting recap: "Progress" toward taper, but not "substantial" yet


FOMC meeting recap: “Progress” toward taper, but not “substantial” yet
With no updated economic forecasts at this month’s meeting, there were only two major areas of focus for traders: The monetary policy statement and Chairman Powell s press conference
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As we noted in Monday’s FOMC meeting preview report, the Federal Reserve was never going to make any immediate changes to monetary policy at today’s meeting, but the event would still provide a valuable look into how the central bank is viewing the resurgence of COVID cases across the country and the ongoing elevated inflation readings.
With no updated economic forecasts at this month’s meeting, there were only two major areas of focus for traders: ....

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3 Reasons Why Dollar Sold Off Post FOMC | BK Asset Management


July 28, 2021
Daily FX Market Roundup 07.28.2021
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management
The U.S. dollar traded lower against most of the major currencies on the back of the Federal Reserve’s monetary policy announcement. EUR/USD rose to its strongest level in nearly 2 weeks while USD/JPY dropped back below 110. Interestingly enough, Fed Chairman Powell did not appear overly concerned about Delta.
In the press conference he said, “What we’ve seen is with successive waves of COVID over the past year and some months now, there has tended to be less in the a way of economic implications from each wave. We’ll see whether that is the case with the delta variety. But it’s certainly not an unreasonable expectation.” ....

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