EURUSD price action lays the groundwork for its rally, the progress hinges on US CPI update
EUR/USD displayed resilience last week, closing positively for the fourth consecutive day, though ultimately ending the week virtually unchanged. Despite an initial surge to the 1.0800 mark, marking a one-week high, the pair succumbed to downward pressure during the European session, largely influenced by deficit of medium-term buyers. Uncertainty around forthcoming US CPI release, with risks skewed towards an upside surprise, holds back buying activity. The Federal Reserve is positioned to maintain higher interest rates for an extended period, providing underlying support to the Greenback. If US inflation rate ... (full story)
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post: *EU PROPOSES FIRST TRADE CURBS ON CHINESE FIRMS OVER RUSSIA WAR
Thank you for the invitation to join you in San Antonio today for the ABA's Conference for Community Bankers.1 This conference provides an opportunity for bankers, state and federal regulators, and other policymakers to share perspectives on banking and other related financial topics. The ability to exchange ideas is critical to ensuring efficient and effective outcomes in the regulation and supervision of financial services activities. Policymakers should seek to fully understand the direct and indirect consequences of regulation and supervision—and any changes that might be considered to existing expectations. One of the best, and most effective ways to gain this understanding is through direct engagement with bankers, bank customers, and other stakeholders about potential consequences. Engaging with the public, being transparent about policy goals, and hearing from industry participants—enables us to craft more efficient and effective rules and enhance our ability to execute our supervisory responsibilities. post: FED'S BOWMAN DOESN'T COMMENT ON MONETARY POLICY IN SPEECH TEXT.
Buying and selling currencies in the forex market isn't always straightforward. If you buy too early, you might kick yourself if the prices go down. Wait too long, and you could ...
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post: <=USD>:*BOWMAN: TOO SOON TO PROJECT WHEN, HOW MUCH FED WILL CUT RATES *BOWMAN: DON'T SEE CUTS AS APPROPRIATE IN 'IMMEDIATE FUTURE' ?*BOWMAN SAYS MANY RISKS REMAIN FOR FED'S INFLATION FIGHT post: FED'S BOWMAN: THE PRESENT FED POLICY RATE IS IN THE RIGHT PLACE.
Hedge funds turned bearish on the Swiss Franc just one week after boosting long bets, amid speculation the central bank is no longer supporting the currency with purchases and ...
Russian President Vladimir Putin on Monday (Feb 12) said that special attention needed to be paid to containing price rises while pointing out that inflation was trending lower. ...