Author: FX Street

Post
Powell speech: Difficult to tell when inflation will move down

Powell speech: Difficult to tell when inflation will move down

Powell speech: Difficult to tell when inflation will move down Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook. Key quotes “Still a...

Post
Powell speech: Delta variant may weigh on return to labor market

Powell speech: Delta variant may weigh on return to labor market

Powell speech: Delta variant may weigh on return to labor market Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook. Key quotes “It...

Post
Powell speech: There is no numerical threshold currently for maximum employment

Powell speech: There is no numerical threshold currently for maximum employment

Powell speech: There is no numerical threshold currently for maximum employment Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook. Key quotes “There...

Post
Powell speech: Committee discussed how asset purchases might be changed

Powell speech: Committee discussed how asset purchases might be changed

Powell speech: Committee discussed how asset purchases might be changed Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook. Key quotes “Our new...

Post
Powell speech: The labor market has a ways to go

Powell speech: The labor market has a ways to go

Powell speech: The labor market has a ways to go Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook. Key quotes “Progress on...

Post
AUD/USD rebounds from one-week lows after Fed’s decision

AUD/USD rebounds from one-week lows after Fed’s decision

AUD/USD rebounds from one-week lows after Fed’s decision Fed sees some progress, keeps policy unchanged; Powell holds press conference. US dollar rises, then reverses; AUD/USD at the same level it had before the statement. The AUD/USD tumbled to 0.7316 following the release of the FOMC statement and later started to recover, rising above the level...

Post
Gold Price Forecast: Fed statement leaves price steady in familiar range

Gold Price Forecast: Fed statement leaves price steady in familiar range

Gold Price Forecast: Fed statement leaves price steady in familiar range Gold prices are steady at critical daily support post-Fed statement. A benign statement has left markets at a standstill, awaiting Fed’s chair presser.  The two-day Federal Open Market Committee meeting has drawn to a close this afternoon and the statement has been released.  This event...

Post
Fed Quick Analysis: Powell only takes a baby step toward tapering, why the dollar could dive

Fed Quick Analysis: Powell only takes a baby step toward tapering, why the dollar could dive

Fed Quick Analysis: Powell only takes a baby step toward tapering, why the dollar could dive The Federal Reserve has refrained from signaling any imminent tapering of bond buys. Characterizing inflation as transitory means more patience from the central bank. Printing more dollars for longer is positive for stocks, downbeat for the greenback.  Has the...

Post
EUR/USD prints fresh lows near 1.1765 after FOMC statement

EUR/USD prints fresh lows near 1.1765 after FOMC statement

EUR/USD prints fresh lows near 1.1765 after FOMC statement Fed leaves rates unchanged, eyes turn to Powell’s press conference. EUR/USD falls to 1.1770 as the US dollar rises across the board. The EUR/USD dropped from 1.1810 to 1.1771 following the release of the FOMC statement. The US dollar rose across the board after the meeting....