All Articles Tagged - Fed

US Session – Dollar rallies past 102 yen

Posted on May 14, 2013 at 8:11 pm GMT

The dollar was on a roll again in Tuesday’s US session after a brief pause in its strong rally earlier in the day. The greenback broke above the key 102.00 yen propelled by rising US equity markets and overall upbeat mood in financial markets. Helping support the dollar were comments today by the Federal Reserve’s Charles Plosser who said that he wants the Fed to begin cutting back on its bond buying as soon as its next policy meeting. USDJPY [..]

US Session – Dollar weak after US data, speculation for more Fed easing

Posted on April 29, 2013 at 7:47 pm GMT

Euro held onto gains in the US session as optimism after Italy formed a new government flowed across the Atlantic over to North American trading. The news that Italian Prime Minister formed a coalition government ended political uncertainty that resulted after inconclusive elections two months ago. EURUSD hit as high as $1.3115, regaining from last week’s losses when euro was hurt by weak German business confidence data. Focus turns to the European Central Bank policy meeting. There is growing speculation [..]

Asian Session – Markets calm ahead of UK budget and Fed policy meeting

Posted on March 20, 2013 at 7:14 am GMT

Currency markets was calm during the Asian session, with most major currency pairs consolidating after much volatility on Tuesday due to renewed concern over the euro zone debt crisis. The euro hovered at a four-month trough against the dollar. EURUSD tumbled 0.8 percent yesterday to $1.2843, the lowest since November 22 last year. Sterling remained within this week’s range where it has been fluctuating between $1.5070 and $1.5143. In Asia cable traded a tighter 25-pip range as markets are cautious [..]

US Session – Dollar pressured after Bernanke defends stimulus measures

Posted on February 26, 2013 at 7:39 pm GMT

EURUSD was held down by the bears, despite a brief spike after Federal Reserve Chairman Ben Bernanke’s speech in a testimony before the US Congress. That was when dollar was weakened especially against the yen as Bernanke strongly defended the benefits of the Fed’s $85- billion a-month bond-buying program, saying its benefits clearly exceed possible costs, and has helped stimulate the economy. After hitting a 7-week low of $1.3017 in the European session, euro remained steady against the dollar during [..]

US Session – Dollar falls on weak US consumer confidence

Posted on January 29, 2013 at 9:19 pm GMT

The US dollar was weaker against most major counterparts on Tuesday, weakening further in the US trading session after disappointing US economic data showed consumer confidence in January fell to the lowest level since 2011. The Conference Board said its consumer confidence index fell to 58.6 this month, missing expectations of 64.3. The December figure was upwardly revised to 66.7. Meanwhile, investors are being cautious ahead of the US Federal Reserve meeting on Wednesday. Focus will be on whether the [..]

US Session – Dollar unchanged after Fed’s Beige Book report

Posted on January 16, 2013 at 9:44 pm GMT

The US Session on Wednesday was relatively quiet, with dollar showing little reaction to the Federal Reserve’s “Beige Book” report on US economic conditions. It reported economic activity has expanded since the previous Beige Book report. EURUSD was little changed, mainly trading sideways, finishing the US session around $1.3275.There was a brief rally up to $1.3300 in the European session after Austrian ECB board member Nowotny said that the EUR exchange rate was not a major concern. His comments come [..]

US Session – Markets steady ahead of Bernanke speech

Posted on January 14, 2013 at 8:46 pm GMT

Currency markets were relatively quiet ahead of US Federal Reserve Chairman Ben Bernanke’s speech scheduled at 4 p.m. New York time. Investors are looking for hints on the Fed’s next move regarding monetary policy. The euro is still showing resilience and held on to gains close to an 11-month high of $1.3403 versus the dollar while remaining above $1.3335. There is a lot of optimism these days about a return to normalcy in euro-zone financial markets and European leaders said [..]

European Session – EURUSD hovers at 11-mth high

Posted on January 14, 2013 at 12:18 pm GMT

The euro remained close to an 11-month high versus dollar, which it hit earlier in the Asian session. Euro has been continuing its advance since last Thursday after ECB President Mario Draghi’s not so-hawkish news conference. He lowered expectations that an interest-rate cut will be coming soon and sounded more upbeat about the economic outlook in Europe. EURUSD hit a high of $1.3403 in Asia and eased only slightly due to profit-taking in the European session, remaining supported above $1.3347. [..]

US Session – Euro gains as focus turns to ECB meeting

Posted on January 7, 2013 at 9:19 pm GMT

The euro advanced against the dollar in Monday’s US session, moving off a three-week low reached on Friday. Much of the dollar weakness is attributed to speculation that the US Federal Reserve will end stimulus measures by the end of the year and end its bond-buying program. Helping lift the euro are expectations that the European Central Bank will refrain from cutting interest rates at its policy meeting on Thursday. EURUSD rose for a second session, gaining 0.7 percent since [..]

Forex News – U.S. inflation remains tame as consumer prices fall

Posted on December 14, 2012 at 2:36 pm GMT

Inflation remains tame in the United States as consumer prices fell more than forecast in November , partly due to a drop in energy prices dropped. According to data, headline inflation declined as shown by the Consumer Price Index (CPI) which dropped 0.3 percent last month, the first drop since May and followed a 0.1 percent gain the prior month. The decline was much more than expected. Economists had expected consumer prices to fall 0.2 percent. As the U.S. is [..]

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