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FOMC Meeting Preview: Will the Fed Put Rate Hikes on the Table?

US dollar traders will be watching Fed Chairman Powell’s press conference and any decisions about the central bank’s balance sheet runoff as potential market-movers for the US Dollar Index (DXY)

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May 1, 2024 03:21 AM
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EUR/USD in the hands of ECB, Powell Testimony, ISM services: The Week Ahead

EUR/USD is on track for its smallest weekly range since September 2021, although 1-week implied volatility levels that we could see more action next week.

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March 1, 2024 03:38 PM
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FOMC Meeting Recap: Fed Chair Powell Deems March Rate Cut "Unlikely," Boosting Buck Toward YTD Highs

Powell pushes back against market pricing for a March rate hike - what's next for the Fed?

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February 1, 2024 07:05 AM

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FOMC Meeting Analysis: DXY Unchanged Amidst Fed Powell’s Most Milquetoast Manifesto Yet

With few changes to the policy statement and little in the way of notable developments in the press conference, markets are consolidating.

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November 2, 2023 06:01 AM

British Pound Analysis: GBP/USD Support at 1.2625 Under Pressure Again

GBP/USD is again testing support in the 1.2625 area, and a break of this level could signal another leg lower as we move into September...

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August 25, 2023 12:41 AM
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Jackson Hole, Powell speech to drive sentiment: The Week Ahead

The annual Jackson Hole symposium has arrived, and once again Jerome Powell will be the highlight of the event. Last year his speech marked the beginning of a 20% decline for the S&P 500 (which was already in a bear market), so his words clearly packed a punch. We also have retail sales data for the UK, Canada and the US and earnings from a few US companies can also help us measure consumer sentiment.

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August 19, 2023 03:33 PM

S&P 500 Analysis: Fed delivers a more “Hawkish Hold,” Stocks Slip

The S&P 500 is still holding this week’s breakout above key previous resistance in the 4325 area, keeping bullish hopes alive

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Gold Analysis: Fed “Hawkish Hold” Likely, H2 Outlook Key

Gold is poised for a potential breakout around the Fed meeting after spending the last 4 weeks consolidating in a tight $50 range.

FOMC meeting recap: Dollar dives on “dovish hike”

The Fed has toned down its statement to give it flexibility to pause the interest rate hiking cycle in May depending on incoming economic data

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March 23, 2023 05:57 AM

European Open: Dax to open lower, hawkish Powell weighs on sentiment

Due to a false breakout on weak volumes, we suspect the DAX will continue to mean revert against its bullish trend.

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March 8, 2023 04:10 PM

Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows

According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.

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March 8, 2023 05:16 AM

European Open: All quiet ahead of Powell’s testimony

Market mostly traded in tight ranges ahead of Jerome Powell’s highly anticipated testimony to the House, which has the potential to be a volatile event.

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March 7, 2023 04:34 PM
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Powell prepares to pontificate to policymakers, AUD/USD tests 0.6700 support

Some officials and Fed watchers have suggested a 50 basis-point move should be on the table if inflation fails to slow...

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March 7, 2023 03:21 AM
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Two trades to watch: FTSE, Oil

FTSE looks to re-test its all-time high. Oil holds strong gains ahead of EIA inventory data.

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February 8, 2023 06:57 PM
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Powell continues to be “less hawkish” in Economic Club conversation

One sure thing is that Powell is not the uber hawk he once was and there won’t be any surprise 75bps hikes coming down the line.

February 8, 2023 07:37 AM

Will Powell disappoint dollar die-hards?

Futures markets now tally with many Fed policymakers for the first time this year, accepting the Fed's 'terminal rate' will be above 5%...

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February 8, 2023 12:57 AM
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US open: Futures lack direction ahead of Fed Powell's speech

Futures point to a mixed start as investors look ahead to a keenly awaited speech by Fed Chair Powell. Biden's State of the Union address is also due later.

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February 8, 2023 12:33 AM

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Two trades to watch: USD/CAD, Gold

USD/CAD falls ahead of speeches from Fed Chair Powell & BoC’s Macklem. Will Gold fall after Powell’s speech?

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February 7, 2023 06:57 PM
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European Open: Currencies tread water ahead of Jerome Powell speech

The USD pulled back yet mostly held on to its post-NFP gains in anticipation of a hawkish speech from Jerome Powell this evening.

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February 7, 2023 04:53 PM
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US NFP and potential BoJ successor news send yen reeling

Over the course of the last 2 trading days, USD/JPY has moved from a low of 128.33 to a high of 132.90, a move of 457 pips.

February 7, 2023 07:57 AM
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FOMC hikes 25bps, as expected. More rate hikes to come?

Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on

February 2, 2023 08:21 AM

FOMC meeting recap: Powell not hawkish enough, traders price in 50bps of cuts by EOY

Fed Funds futures traders are pricing in a full 50bps of interest rate cuts by the end of the year!

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February 2, 2023 07:07 AM

Fed meeting preview: The magic show of interest rates, inflation, and growth

The big question on everyone's mind is, will Fed Chairman Powell be able to pull off another successful performance?

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January 31, 2023 01:45 AM