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Breaking news

Fed Leaves Rates, QE Unchanged, FOMC Sees 2 Rate Hikes in 2023

Real Time News
  • $Gold trying to hold this support, 's1' from the article earlier today $GC $GLD https://t.co/1lQ3c7CPkE https://t.co/NjIk6UPYlN
  • Fed's Powell: - The economy is on the mend after a long period of decline - We will keep a close eye on inflation to make sure our assumptions are correct
  • DAX is making its way higher, but the grinding wedge behavior is concerning CAC has been extremely impressive, but a dip could be around the bend. Get your #DAX market update from @PaulRobinsonFX here:https://t.co/rD3sYiWGk4 https://t.co/8PLSIwLlAl
  • Fed's Powell: - The problem we have with inflation has nothing to do with the central banking system - We will taper when we feel the economy has achieved substantial further progress
  • trendline dance $ES $SPX looks almost too clean with scope. almost 'easy' with enough hindsight. reality is this was a messy scenario and the short-term chart shows that (img 2) ES +36 as of now https://t.co/2qhaz0w6mB https://t.co/qIRIZ9DJ7B
  • Fed's Powell: - There is nothing in the framework that prevents us from achieving our objectives - We are not in a "behind the curve" scenario
  • Fed's Powell: - A higher neutral rate would allow for further rate cuts - We can't estimate the neutral rate with great precision
  • Fed's Powell: - The fundamental factors that have weighed on inflation for the past quarter-century remain unchanged - If inflation rises to a degree or persists long enough, we will be prepared to use tools to counter it
  • one of the few trends that hasn't yet turned around - the $USD, still pressing higher $DXY https://t.co/iEW04U3dVE https://t.co/siOzTtNk2H
  • Fed's Powell: - 2022 will be a really good year, with substantial job development as a result of growth - Forecasts show that next year will be a fantastic year
US DOLLAR FUNDAMENTAL  FORECAST: Q1 2020

US DOLLAR FUNDAMENTAL FORECAST: Q1 2020

John Kicklighter, Chief Strategist

US Dollar: It’s Quiet…A Little Too Quiet

The Dollar's steadfast climb in the nearly 20 months through December is extraordinary for a few reasons. For example, its persistence held despite ebb and flow in underlying fundamental themes such as risk trends, rate forecasts and wild swings in growth projections. But what is truly remarkable is the extremely restricted tempo the currency has maintained throughout.

Graph of Dollar Basket weekly with 20-week ATR (Chart 1)

US Dollar Basket Chart

The 60-day (equivalent to three-month) average true range for the DXY Dollar Index has scraped its lowest levels since the Summer of 2014 - considered the epitome of doldrums for the FX markets - while the historical range carved out over the past year is the lowest we have seen in the benchmark's history.

Looking for the full guide? Full Q1, 2020 Forecasts will be released on Monday, December 23.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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