Trading news

Daily Market Outlook for 20.06.2013

The U.S. dollar continued to rally Thursday as global asset markets underwent sharp adjustments in the wake of confirmation by the Federal Reserve that it would begin to dial down stimulus this year as the economic outlook improves.

The Australian dollar and emerging Asian currencies slumped as traders speculated that higher U.S. bond yields down the road would prompt investors to shift some of their funds back to the United States from high-yielding currencies. The U.S. dollar also held firm against the yen, breaking away from the pattern in the past few weeks in which the greenback often fell in tandem with Tokyo share prices.

Fed Chairman Ben Bernanke said that tapering of its bond buying depends on economic data and that a decline in U.S. unemployment to 6.5 percent is a threshold, rather than a trigger, for rate hikes. Today's full calendar, with focus PMI data from Europe and US, sees potential for continuation of strong market action that commenced on Fed's announcement late yesterday.

Thursday, 20 Jun, 2013 / 8:28

Source : https://www.finfx.fi/en/daily-market-outlook-20062013

Trading news

 

Jerome Powell speaks to the Wall Street Journal, the markets react instantly

The Fed Head’s WSJ interview generated plenty of interest in the [...]

Posted on Friday, 05 Mar, 2021 / 1:03 under

Dollar surges, stocks sink after Powell lets yields run loose

  Powell gives no hints about possible action to stem selloff in [...]

Posted on Friday, 05 Mar, 2021 / 10:26 under

Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021

Stocks in London were going up nicely yesterday during the European trading [...]

Posted on Friday, 05 Mar, 2021 / 9:28 under