Fundamental view: The Australian dollar has fallen rather hard during the course of the trading week. Chief Jerome Powell & Co. upwardly reviewed their forecasts on growth and inflation for this year and the next, bringing forward chances of rising rates, as the dot-plot now shows two possible hikes for 2023. Till now, the Fed [...]
Fundamental view: The US dollar has rose drastically against the yen during the week after the Federal Reserve spook the markets by suggesting they may actually see inflation. As widely expected, the Federal Open Market Committee (FOMC), left the fed funds target range at 0.0% to 0.25%, where it has been since March 2020 and [...]
Fundamental view: The British pound has broken down significantly during the couse of the week. The main focus shifted to the Bank of England, which puts pressure on economic optimism and the spread of the Delta covid variant. On the other hand, The Federal Reserve shocked markets by signalling two rate hikes in 2023, opposite [...]
Fundamental view: The Euro has fallen against its US counterpart during the course of the week, showing signs of extreme negativity after the Federal Reserve spooked everybody. Elsewhere The central bank shifted its cautious tone without much warning, forwarding chances of rate hikes. The dot-plot has showed that most Fed officials expect to raise rates [...]
