Select Journal:

You have not created any Journals yet.

Forex Today: Fed's Logan and Jefferson question further hike in 2023

Forex Today: Fed's Logan and Jefferson question further hike in 2023

Two members of the US FOMC made comments last night suggesting the Fed may not need to raise rates again this year, sending Treasury yields sharply lower and stock markets higher.

➡️ Yesterday, two members of the US Federal Reserve's FOMC made comments suggesting that recent upward movements in US Treasury yields may have actually tightened monetary conditions in a way that makes further rate hikes unnecessary in 2023. Markets were expecting at least another rise to 0.25% this year. The comments had the effect of sending the US dollar and yields sharply lower, boosting the stock market.

➡️ The war in the Middle East has so far remained confined to Israel and Gaza, despite yesterday's incidents on the Israel-Lebanon border resulting in small numbers of both IDF and Hezbollah deaths. However, the war could still spread, with Israel fully mobilized after recalling 300,000 reservists. Crude oil gave back some of Monday's gains in the final hours.

➡️ They  continued its strong rise yesterday.

➡️ There was little directional movement in the Forex market during the Asian session. Trend traders in the Forex market will be more interested in being long on  USD/JPY  and short on  EUR/USD  as these are the two major dollar pairs that historically tend to trend most reliably and both have valid long-term trends. The Israeli Shekel also weakened dramatically yesterday, with USD/ILS almost reaching the big round number at 4.00, but is now regaining some strength.

➡️ It may be a relatively quiet day in the markets today, as no impactful economic data is expected.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

cTrader Tools

Other Tools

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Condivisione

Idee Trading

Sala Segnali

Free Resources

Add new operation:

Please select a Journal before adding operations.

Forex Calculators

Calcolatore Lotto Commerciale

Commercial Lotto Calculator

Calcolatore Leva e Margine

Leverage and Margin Calculator

Calcolatore Drawdown

Drawdown Calculator

Calcolatore Interesse Composto

Compound Interest Calculator

Calcolatore Valore Pips in Euro

Pips Value Calculator in Euros

Calcolatore Consistenza

Calcolatore Consistenza

Today's Economic Calendar

Caricamento notizie…

Flash News

Loading news...