30.11.2022: Markets prepare for hawkish statements from Fed Chair. USD index, USD/JPY, AUD/USD
03.02.2023: Wall Street braced for another sell-offs (S&P500, USD, CAD, Bitcoin).
2023-02-03 19:23 UTC+3
03.02.2023: More expensive dollar to influence overall situation? Outlook for EUR/USD and GBP/USD
2023-02-03 16:33 UTC+3
03.02.2023: Crude oil traders await US jobs report. Outlook for oil, gold, RUB
2023-02-03 15:04 UTC+3
03.02.2023: USD flexes muscles; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-03 14:17 UTC+3
02.02.2023: High-tech sector extending its rally. Wall Street alert to AAA reports.
2023-02-02 19:46 UTC+3
02.02.2023: USD to go on falling? Outlook for EUR/USD and GBP/USD
2023-02-02 16:58 UTC+3
02.02.2023: USD slumps following Powell’s dovish statements; USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-02 14:21 UTC+3
01.02.2023: Wall Street anticipating red-hot forecast for 2023.
2023-02-01 19:29 UTC+3
01.02.2023: How results of FOMC meeting may affect European currencies? EUR/USD and GBP/USD
2023-02-01 17:01 UTC+3
01.02.2023: Fed meeting in focus. Outlook for oil, gold, RUB
2023-02-01 16:59 UTC+3
01.02.2023: USD trapped in narrow range; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-01 14:32 UTC+3
31.01.2023: Investors revising portfolios ahead of Fed verdict (S&P500, USD, CAD, Bitcoin).
2023-01-31 19:45 UTC+3
31.01.2023: Crucial moment for European currencies. Outlook for EUR/USD and GBP/USD.
2023-01-31 16:33 UTC+3
31.01.2023: Markets await Fed and ECB meetings. Outlook for oil, gold, RUB
2023-01-31 16:03 UTC+3
30.01.2023: Wall Street expresses risk aversion ahead of central banks’ meetings.
2023-01-30 19:44 UTC+3
30.01.2023: ECB influences market more than Fed. Outlook for EUR/USD and GBP/USD.
2023-01-30 16:49 UTC+3
30.01.2023: USD begins week on higher note. Outlook for oil, gold, RUB
2023-01-30 15:11 UTC+3
27.01.2023: Wall Street evaluating consumer spending and corporate earnings.
2023-01-27 19:10 UTC+3
27.01.2023: US may avoid recession. Outlook for oil, gold, RUB
2023-01-27 15:14 UTC+3
27.01.2023: USD stuck in narrow range; outlook for USDX, USD/JPY, AUD/USD
2023-01-27 14:24 UTC+3
26.01.2023: Wall Street in limbo (S&P500, USD, CAD, Bitcoin).
2023-01-26 19:40 UTC+3
The greenback somewhat stabilized on hawkish commentaries of senior US central bankers and expectations of Powell’s interview. The US dollar index added more than 1% in the previous three sessions. On Wednesday, it stayed above 106.4 points against the basket of six major currencies.

An increase in US Treasury yields provided additional support to the greenback today, which is usually followed by a sell-off of risk assets and a rise in demand for safe-haven assets. Active trading in the market will begin in the middle of the North American session after experts digest the Fed chair’s comments and macro data from the US.

In addition, the Beige Book, a review of current economic conditions across the 12 Federal Reserve Districts, is set to be published today. Ahead of these events, the US dollar index is consolidating in a fairly narrow range of 106.4–106.8.

The dollar/yen pair is staying in the red zone for the third straight day. On Wednesday, the quote rebounded from the 138.5 low and then strengthened by a quarter of a percent against the dollar. During the Asian session, the pair traded at 138.7.

Notably, the quote has limited downside potential as it is moving near the oversold range of 138.3–138.9. If sentiment remains bearish, after reaching the 136.9 support, the yen may head towards the top of early August in the area of 135.6 and then fall to the August low of 130.4.

Today, the yen also received support from the Bank of Japan report that showed an increase in inflationary pressure in the country's various economic sectors. In addition, the currency is still supported by investors' hopes that the Japanese regulator will review its monetary policy.

The thing is that the Bank of Japan’s boss Haruhiko Kuroda insisted on the importance of ultra-loose monetary policy to boost wages. He also recently said that tightening the labor market would help drive up wages ahead.

In other words, there is a chance that the regulator curtails its stimulus program and becomes more hawkish. As a reminder, inflation in the country has already accelerated to 40-year highs and came in at 3.6% in October.

In the meantime, inflationary pressure eased in Australia. Consumer prices in the country decreased to 6.9% in October from 7.3% in September, which instills optimism. Moreover, the Reserve Bank of Australia decided to slow the pace of rate hikes (0.25%).

True, consumer prices are still very high and far from the RBA's target of 2-3%. It is clear that the recent decrease in inflation came thanks to the dovish decision of the RBA. Above all else, the Australian regulator is expected to again raise the interest rate by 25 basis points next week.
In light of a slowdown in inflation, the Australian dollar came under pressure, and its further direction now depends on its American counterpart.
On Wednesday, the AUD/USD pair traded higher in the range of 0.6671–0.6733. Extending yesterday’s uptrend, the pair flirted with the 0.6700 mark. During the Asian session, the quote was seen near the area of 0.6728.

Notably, the pair’s upside momentum was underpinned by the cautious optimism linked to China’s COVID conditions. At the same time, AUD/USD fails to justify downbeat Australia’s inflation data, as well as disappointing activity figures from China.

Today, the Aussie dollar is likely to remain bearish as markets prepare for hawkish statements from Fed Chair Powell.


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00:00 INTRO
00:38 China, COVID
01:37 US Federal Reserve System
02:58 USDX
04:13 USD/JPY
07:08 AUD/USD
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