Trading news

Powell Wakes USD-Bulls Up, RBNZ Signals Need for Lower Rates

The dollar rebounded yesterday after Fed Chair Jerome Powell said that policymakers are “grappling” with the need of lower interest rates. Overnight, the RBNZ held interest rates unchanged, but signaled that more easing may be underway. The Kiwi slid somewhat at the time of the decision, but was quick to recover and trade even higher against its US counterpart, as this may have been the expected outcome.

USD Rebounds as Powell Says the Fed is “Grappling” with Need for Cuts

The dollar rebounded yesterday, outperforming most of the other G10 currencies. It gained the most against NOK, CHF, GBP and EUR in that order, while it underperformed only slightly versus AUD, NZD and CAD.

The event that woke up some USD-bulls, or at least it encouraged some short-covering, was a speech by Fed Chair Jerome Powell at the Council of Foreign Relations in New York. The Fed Chief stressed the...

Read the full financial markets daily report on JFD Research.

JFD Review

Wednesday, 26 Jun, 2019 / 7:35

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.jfdbank.com/en/research/powell-wakes-usd-bulls-up-rbnz-signals-need-for-lower-rates-20190626

Trading news

 

Platinum Price Peak – Present or Past?

We have heard a vast amount within forex news lately regarding Gold’s [...]

Posted on Thursday, 18 Jul, 2019 / 12:41 under

Australia’s Unemployment, UK Retail Sales and The New Head of EU Commission

This morning we received the Australian unemployment number, which came out [...]

Posted on Thursday, 18 Jul, 2019 / 8:44 under

GBPUSD Triggers Bearish Signal

GBPUSD Triggers Bearish Signal For more analysis check out, please click [...]

Posted on Thursday, 18 Jul, 2019 / 3:00 under