21:15
March 3, 2021
Silver bounces again at the $26.00, but still vulnerable ahead of key risk events
Silver has bounced at the $26.00 mark for the second time this week. The precious metal is still set to finish the session lower amid higher US bond yields and a stronger US dollar. Key risk events loom and could send XAG/USD below $26.00. Spot silver prices (XAG/USD) again bounced at the key support offered…
20:45
March 3, 2021
AUD/USD supported by 21DMA, consolidates around 0.7800
AUD/USD has dropped back from earlier session highs to consolidate around the 0.7800 mark. A deterioration in risk appetite was the main driver of the drop. Aussie trade and retail sales data is set for release overnight and will be eyed by AUD traders. AUD/USD has been under pressure on Wednesday amid a broad deterioration…
20:45
March 3, 2021
RBNZ’s Orr: Focussed on inflation and employment madates
The Reserve Bank of New Zealand's Adrian Orr said that the central bank is solely focussed on inflation and employment mandates. More to come…
20:30
March 3, 2021
Fed’s Harker: If rate rises do happen, it will not be until the end of 2023
Philadelphia Federal Reserve Bank President Patrick Harker sees H2 US economic growth of 5% to 6%, although stated that the US need to confront vaccine hesitancy. He added that If rate rises do happen, it will not be until the end of 2023, but yield curve control was one of the Fed's possible tools. He said the tapering playbook…
20:30
March 3, 2021
Fed’s Evans: A stronger economy would make real rates go up
 Chicago Federal Reserve President Charles Evans has stated that the Fed could lengthen the maturity of bond buying if needed and argued that the financial markets are pricing in a more positive outlook. Since December, his outlook has strengthened and said that a stronger economy would make real rates go up. Earlier, he said that he is “optimistic”…
20:00
March 3, 2021
Forex Today: Yields return to the spotlight
What you need to know on Thursday, March 4: The greenback managed to recover some ground against most major rivals, once again advancing alongside government bond yields. Mid-European morning, headlines showed that the European Central Bank reportedly sees no need for drastic action to curb recent developments in the bond market, according to officials familiar…
19:45
March 3, 2021
DXYcontinues to gain on Wednesday, eyes 91.60
US dollar firm and approaching Feb 4th highs from a significant technical support structure. US economy moderately gathering pace according to the Fed's Beige Book. The US dollar continues to gain on Wednesday, up by 0.17% at the time of writing as the bulls test the bearish commitments at the 91 figure. The index has travelled…
19:15
March 3, 2021
Fed’s Biege Book: Most businesses remain optimistic regarding the next 6-12 months
The Beige Book is a report that is published eight times per year whereby each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District.  In the latest report, which can be read in full here, it is stated ''that economic activity expanded modestly from January to mid-February for most Federal Reserve Districts.'' ''Most…
19:00
March 3, 2021
Fed’s Evans: Fed has tools to fight both high and low inflation
Chicago Federal Reserve Bank President Charles Evans said on Wednesday that the Fed is not going to even think about tapering asset purchases until they see a further substantial improvement, as reported by Reuters. Additional takeaways "Fiscal support will help us, the Fed policy is accommodative and that's appropriate." "The Fed has the tools to…