“Two prominent hawks from Fed favors conservative approach in tightening monetary policy.” US dollar extended is drip from higher levels as Fed remains conservative with regards to future policy tightening plans. Previously, investors poured into the greenback as they expect Fed to deliver a super-sized tightening of up to 100 basis point rate hike. However, View more

“US inflation soared 9.1%, its highest in four decades.” Greenback extended its bullish thrust, charting at 24-years high against the Japanese Yen. Market participants pours into the US dollar following heightened bets for a faster pace of rate hike from Federal Reserve. Overall sentiments were stoked after recent data shows that US headline and Core View more

“Stubbornly US inflation drove US dollar to a decade high.” Gold price slipped towards mid-$1,700 threshold as investors continue to bet upon “hot inflation” in United States. Several series of data shows persistency in inflation as it continues to hover at four-decades high. Global supply chain disruption is left to blame as world’s largest manufacturing View more

“Investors await US Nonfarm Payrolls report which may signal the pace of inflation.” Pound sterling adheres to bearish pressure as market participants placed higher bets upon US dollar prior to Nonfarm Payrolls report. For last month, investors are expecting Nonfarm Payrolls to increase by 268,000, a substantial decrease when compared to previous month. While a View more

“Rising energy cost in Europe poses great threat towards its economic outlook.” Euro plunged towards 20-years low against the greenback as Europe’s energy crisis casts a bleak shadow over its economic outlook. German Chancellor Olaf Scholz urged for a swift transition towards green energy to counter Russia’s move of using commodity as a political weapon. View more

“Xi’an, the city of 13 million residence enters into lockdown.” Market demand for greenback was invigorated as recession fears send investors scavenging for safe-haven assets. According to reports, Xi’an entered a seven-day period of lockdown after 18 coronavirus cases were reported in the city. Public entertainment venue such as pubs, internet cafes and karaoke will View more

“According to Bank of Canada, inflation is viewed as being more pervasive.” Recently, Bank of Canada announced that consumer expectations for inflation have risen, alongside with concern towards price of food, gas, and rental. In a separate survey, BoC reported that businesses in Canada expects inflation to linger at higher level for longer-term and many View more

“Fears of economic slowdown in UK push waves of risk-aversion in the market.” GBP/JPY oscillates near intraday low of 163.00 as investors shies away due to rising political and economic risk. The Telegraph reported that Conservative Party may reattempt to oust UK Prime Minister by overhauling laws to trigger leadership challenge immediately. On the other View more

“US dollar cooled following PCE release, focus shifted to risky assets temporarily.” Greenback consolidates with largest daily loss in two weeks as recent data spur recession fear among traders. According to Bureau of Economic Analysis, Core PCE Price Index for May came in at 0.3%, slightly lower than forecast of 0.4%. The report highlights slight View more

“Fed is committed to use its tools to dial down inflation to 2%.” Dollar bulls marched substantially as Federal Reserve re-emphasized their commitment to quell inflation by raising interest rates. During the European Central Bank panel session, Fed Chair Jerome Powell commented that the US economy is well positioned to withstand negative impact from tighter View more