FOMC Minutes: “More restrictive stance” to come?
The FOMC Minutes from the June 14-15,2022 meeting told a story of a scared Fed that will do anything to stop inflation from increasing, even if it means slowing growth.
EUR/JPY pushes lower as recession fears set in
In addition to EUR/USD moving lower, EUR/JPY could continue lower as well, as the Yen is also considered a safe haven currency.
EUR/USD: Can the pair reach parity?
Can it reach parity? If so, what is stopping it from moving below parity?
Week Ahead: RBA, FOMC Minutes and Non-Farm Payrolls
Volatility may pickup later in the week as the RBA makes its decision on an interest rate hike and the US releases FOMC Minutes, as well as NFP.
Index in Focus: NASDAQ 100
It's month end, quarter end, and first half of year end, and the NASDAQ has fallen as much as 34%. Is it time for the NASDAQ 100 to bounce?
Core PCE not as bad as feared. But how much does it matter?
It probably won’t matter in isolation, as the Fed is now looking at a number of inflation data points to help determine the next direction for inflation in the US.
USD/JPY reaches its highest level since September 1998
Fed chairman Powell’s comments earlier may have sent USD/JPY to its highest level in 24 years, but they also sent the pair reeling later in the day.
Fears of global slowdown continue to weigh on Copper and AUD/USD
With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!
Core PCE: Still the Fed’s favorite measure of inflation?
US Core PCE is due out this week and if it is similar to other recent inflation data, it may be stronger than expected.
OPEC preview: Will OPEC+ increase output in August?
When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.
Currency Pair of the Week: EUR/USD
With inflation data and manufacturing data from both the US and the EU this week, EUR/USD could be volatile.