Subscribe to RSS

US Dollar Aiming Higher as Fed Officials Talk Up Rate Hike Prospects

The US Dollar may rose overnight and may continue higher into the week-end as supportive comments from Fed officials fuel 2015 interest rate hike speculation.

Talking Points:

  • US Dollar May Advance as Fed Commentary Bolsters Interest Rate Hike Outlook
  • Upbeat US Data May Buoy Risk Appetite Alongside USD as Growth Fears Ease
  • See Economic Data Releases Directly on Your Charts with the DailyFX News App

The US Dollar turned higher overnight following supportive comments from Federal Reserve Chair Janet Yellen. The US central bank chief said a rate hike in 2015 is “likely appropriate”, adding that most on the FOMC share this view. Yellen chalked up below-target inflation to “transitory factors” and even warned that waiting too long to begin tightening may stoke excessive price growth and leverage.

The Euro and the New Zealand Dollar traded broadly lower. The moves did not seem linked to discrete catalysts, suggesting they represented corrective price action after the two currencies outperformed against their major counterparts in the preceding session.

Looking ahead, a quiet economic calendar in European trading hours is likely to see investors looking ahead to US news-flow. Fed-speak will probably remain in focus, with St. Louis and Kansas City Fed Presidents James Bullard and Esther George due to speak.

Both policymakers will be voting members on the rate-setting FOMC committee in 2016, putting them at the heart of the central bank’s on-coming tightening cycle. Mr Bullard already expressed a hawkish bias earlier in the week and Ms George has tended to lean in a similar direction, suggesting their commentary may offer further support to the greenback.

The final revision of second-quarter US GDP figures as well as September’s service-sector and composite Markit PMI readings are also on tap. Realized data outcomes have shown signs of cautious stabilization relative to consensus forecasts over recent weeks. If this translates into results that underpin the case for a rate increase at the Fed’s October or December meetings, risk sentiment may firm alongside the US unit as global slowdown fears ease. Such a scenario may bode ill for the anti-risk Japanese Yen while boosting sentiment-geared alternatives in the commodity currency bloc.

Critical Levels
CCY Supp 3 Supp 2 Supp 1 Pivot Point Res 1 Res 2 Res 3
EURUSD 1.0968 1.1099 1.1164 1.1230 1.1295 1.1361 1.1492
GBPUSD 1.5068 1.5156 1.5199 1.5244 1.5287 1.5332 1.5420

 

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

FIFA World Cup Football Matches Tournament – FBS

FIFA World Cup Football Matches Tournament – FBS(0)

FIFA World Cup Football Matches Tournament. Participate in the contest and win the visit to the biggest football tournament of the year in Russia. Link: FIFA World Cup Football Tournament Link:  Just Share a Greeting Card and Gifts Link:  $50 Free Will be credited to Your Account Link:  $88.8 Forex No Deposit Bonus Link:  $123 Forex

100% Withdrawable Deposit Bonus up to $5000 – NordFX

100% Withdrawable Deposit Bonus up to $5000 – NordFX(0)

100% Withdrawable Forex Deposit Bonus up to $5000. The 100% Withdrawable Deposit Bonus and the initial deposit can be withdrawn after the required number of lots is closed. Profits can be withdrawn without restrictions. Link:  Demo Cup contest prize fund is $42000 Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Available to: All

50% First Deposit Bonus Prom – Hirose Financial UK

50% First Deposit Bonus Prom – Hirose Financial UK(0)

50% First Deposit Bonus Promo Maximum Bonus Amount is $1000 for all customers. The 50% Special Bonus offer for Hirose Financial UK customers who make a deposit to Binary Options account. They can withdraw deposit and profit at anytime!! Link:  50% Deposit Bonus Promotion Available to: All new traders Bonus Offer: 50% Special Bonus offer

200% Pending Bonus for your Next Deposits – CTTrade

200% Pending Bonus for your Next Deposits – CTTrade(0)

200% Pending Bonus for the Next Deposits. Just make the re-deposit and during the day we will credit your 200% Pending Bonus. Link:  200% Pending Bonus for the Next Deposits Available to: All new account How to get Pending Bonus? Just make the re-deposit and during the day we will credit your bonus. This bonus

Free SERENITY Tokens New Year Promotion – Grand Capital

Free SERENITY Tokens New Year Promotion – Grand Capital(0)

Receive free SERENITY tokens for Forex, futures and cryptocurrency trading. The promotions is supported by SERENITY. The objective is to promote and brand the platform as a secure trading solution for trader Link:  Receive free SERENITY tokens for trading Link:  $500 Forex No Deposit Welcome Bonus Link:  Up to 444% Profit Receive for a single

$500 Chinese New Year Welcome Cash Bonus – ForexTime

$500 Chinese New Year Welcome Cash Bonus – ForexTime(0)

500 USD Chinese New Year with Cash Bonus Giveaway Promotion. Blessings for the Chinese New Year from ForexTime Get up to $500 Cash Bonus Giveaway Promotion. FXTM Link:  $500 Welcome Cash Bonus Promo Link:  Start Copy Trading your Perfect Partner Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit Free Bonus

The Ultimate IB Ride Forex Contest Promotion – Tickmill

The Ultimate IB Ride Forex Contest Promotion – Tickmill(0)

The Ultimate IB Ride Forex Contest. The Ultimate Forex IB Ride Contest Promotion is only available for clients of Tickmill Ltd. (FSA Regulated) Link:  The Ultimate IB Ride Forex Contest. Link:  $30 Free Welcome Bonus Promotion Link:  Weekly Demo Race Trading Contest Link:  Forex Monthly Live Trading Contest Available to: All new traders Bonus Offer:

10% to 40% Discounts Buy with ICO Tokens – Serenity

10% to 40% Discounts Buy with ICO Tokens – Serenity(0)

Buy Serenity ICO Tokens with Discounts of 40% to 10%! to all new account holder. The First Blockchain Escrow for Financial and Cryptocurrency Markets Serenity ICO Tokens Link:  Buy Serenity ICO Tokens with Discounts of 40% to 10%! Link:  Free SERENITY Tokens for Trading Link:  444% Profit Receive for a single trade Link:  $500 Forex

$6000 First Deposit Bonus Limited Time Promo – XTrade

$6000 First Deposit Bonus Limited Time Promo – XTrade(0)

Up to $6000 FX Deposit Bonus Limited Time Promo on all Deposits for all Customers. Become an XTrade customer, and get 60% Forex Special bonuses  on all deposits made during your first 7 days Link: $25 Free Cash Bonus No Deposit Required Link: $30 Account Verification Free Cash Bonus Link:  60% Forex Deposit Bonus Promotion

$500 to $5000 Forex Free No Deposit Bonus – InstaForex

$500 to $5000 Forex Free No Deposit Bonus – InstaForex(0)

InstaForex $500 to $5000 No Deposit Bonus is a great opportunity to start Live trading. With the $500 to $5000 Free Bonus you will be able to participate in our unsurpassed quality of order execution in live trading conditions with no risk and personal investments. Link:  Up to $5000 No Deposit Free Bonus Link:  $500

read more

Forex Featured BrokerSocial Trading

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories