© Reuters. Dollar at 2-week highs on Fed rate hike bets Investing.com – The dollar was trading at two-week highs the other major currencies on Tuesday, underpinned by expectations that the Federal Reserve is moving closer to hiking U.S. interest rates. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of…
Extending its sharp rebound from Friday’s swing low level of 1.2830, theUSD/CAD pair has now risen to a nearly 3-week high and is currently hovering around the very important 200-day SMA near 1.3060 region. The Federal Reserve Chair Janet Yellen’s speech at the Jackson Hole symposium followed by hawkish comments from Federal Reserve Vice Chairman Stanley…
After a period of hesitation, USD/JPY gathered renewed buying interest and climbed to fresh 10-day highs above the 101.00 mark. Fed Chair Yellen hawkish remarks gave the greenback a boost for a few minutes, but the rally lost steam soon after and USD/JPY dropped from the 100.80 zone to a low of 100.05. However, the US dollar has…
The Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced the arrest of a Fort Lauderdale woman after she attempted to fraudulently collect workers’ compensation payments following an alleged on-the-job injury. Sheyla Veronica White claimed that a sprinkler head fell from the ceiling, bounced off her desk, and struck her in the…
GBP/USD dropped almost a hundred pips from daily highs, falling below the level it had before Janet Yellen speech. The pair jumped to 1.3278, hitting the highest level in three weeks but then retreated sharply amid a recovery of the US dollar across the board. Currently, it trades at 1.3190, around the same level it closed…
Talking Points: Fed Chair Yellen offered an optimistic outlook at Jackson Hole with others shoring up hawkish interpretation The Dollar posted its biggest rally in two months while ‘risk’ assets stumbled Fundamental fodder ahead includes NFPs, a G20 meeting and Brexit data; but can it overcome holiday quiet? See how retail traders are positioning in…
© Reuters. Dollar index at new 2-week highs on rate hike hopes Investing.com – The dollar was hovering at fresh two-week highs against the other major currencies on Tuesday, as fresh hopes for an upcoming rate hike by the Federal Reserve continued to lend support to the greenback. EUR/USD slipped 0.18% to 1.1168, close to…
Talking Points: We look at the results of a poll asking what restores volatility: Jackson Hole; seasonality; or a ‘crisis’ Remarks from Janet Yellen and others generated a significant move Friday, but follow through remains dubious Historically, the VIX rises in August and the S&P 500 dives in September; but but volume remains the linchpin What are…
Talking Points: – The U.S. Dollar continues to drive higher after Friday’s FOMC comments began to stoke rate expectations higher for the remainder of the year out of the United States. – This isn’t the first time that the Fed has taken a hawkish stance to talk up near-term rate hikes, even in 2016. But does this…
USD/CAD reversed sharply and rose more than a hundred pip during the last three hours as the US rallied across the board amid signals of a potential rate hike from the Federal Reserve during the current year. From1-week low to 2-week highs After Janet Yellen speech from Jackson Hold crude oil rose and USD/CAD tumbled to…