Created
: 2025.01.09
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD remains firm as GBP underperforms - Scotiabank
Breaking news
USD remains firm as GBP underperforms - Scotiabank
New
2025.01.09 22:18
2025.01.09 22:18
2025.01.09 22:18
The US Dollar (USD) is firm but off its early session highs, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD firm but off highs, may consolidate ahead of NFP
"With no major data reports due today and US payrolls out tomorrow, it may be a day of consolidation for a still stretched--in my view--looking USD. Positioning and valuation remain extended and while US yields are firmer, spreads have generally steadied or narrowed marginally against the USD. Technicals are leaning marginally bearish for the DXY intraday; a bit more softness might creep in below 108.95 support."
"Yesterday's FOMC minutes for the December policy decision reflected the expected degree of caution on the outlook for rates following Trump's election win. A 'substantial majority' of policymakers thought the Fed was well-positioned to 'take its time' with rate policy moving forward.
"Markets have effectively priced out any chance of another rate cut before mid-year and remain reticent on pricing in much more than one 25bps cut over the balance of 2025, with a bit less than 40bps of hikes priced in to the swaps curve for the year overall. There are a number of Fed speakers on tap today; among them, Collins, Schmid and Bowman are voters this year. Comments from Collins overnight echo the Fed's more cautious stance."
Last updated
: 2025.01.09
Related articles
Australian Dollar weakens on muted Australian data, China CPI miss
2025.01.10 06:35Forex Today: Late-week holiday gives way to another NFP Friday
2025.01.10 05:02Fed's Bowman: Inflation risks are elevated and progress has stalled
2025.01.10 04:04Fed's Schmid: Fed close to meeting mandates, needs to shrink balance sheet
2025.01.10 03:49Fed's Barkin: Lack of fiscal space is a risk for future recessions
2025.01.10 03:18US Dollar ticks higher as Gilts wobble under inflation pressure, eyes on NFPs
2025.01.10 03:10
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Australian Dollar weakens on muted Australian data, China CPI miss
AUD/USD slumps to near 0.6170 as the US Dollar performs strongly on a stubborn US inflation outlook on Thursday.
New
2025.01.10 06:35Gold price advances amid safe-haven demand ahead of US NFP
Gold's price surged for the third straight day and edged up 0.35% due to safe-haven demand spurred by concerns over Donald Trump's proposed policies, while the United Kingdom (UK) dealt with a budget crisis.
New
2025.01.10 05:04Forex Today: Late-week holiday gives way to another NFP Friday
US market flows were hobbled on Thursday, tripping up trade volumes as the calendar rounds the corner into another US Nonfarm Payrolls (NFP) Friday.
New
2025.01.10 05:02Fed's Bowman: Inflation risks are elevated and progress has stalled
Federal Reserve (Fed) Board of Governors member Michelle Bowman added her voice to a chorus of Fed speakers this week as policymakers work double-duty to try and smooth over market reactions to a much tighter pace of rate cuts in 2025 than many market participants had previously anticipated.
New
2025.01.10 04:04Fed's Schmid: Fed close to meeting mandates, needs to shrink balance sheet
Federal Reserve (Fed) Bank of Kansas President Jeffrey Schmid hit newswires on Thursday, noting that most of the Fed's mandated targets have been hit as of late, and now it's time to start shrinking the Fed's books.
New
2025.01.10 03:49Fed's Barkin: Lack of fiscal space is a risk for future recessions
Federal Reserve (Fed) Bank of Richmond President Tom Barkin noted on Thursday that even though consumer debt ratios are in an overall better place than they were in years past, the Fed is facing some key difficulties looking forward to future downturns unless space on the central bank's books opens up.
New
2025.01.10 03:18US Dollar ticks higher as Gilts wobble under inflation pressure, eyes on NFPs
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, ticks up on inflation woes, with the Greenback consolidating at current levels.
New
2025.01.10 03:10Mexican Peso dives as Banxico signals aggressive easing
The Mexican Peso loses some ground against the US Dollar on Thursday after the Banco de Mexico (Banxico) hinted that interest rates could be reduced faster in some meetings.
New
2025.01.10 02:52GBP/JPY backslides on data-light Thursday
GBP/JPY took another leg lower on Thursday, falling to it's lowest prices in almost a month and coming within touch range of the 200-day Exponential Moving Average (EMA).
New
2025.01.10 02:31Canadian Dollar continues slow grind lower on Thursday
The Canadian Dollar (CAD) chalked in a third straight losing day against the US Dollar on Thursday, falling for a third straight day and highlighting the Loonie's ability to lose ground against the Greenback even when US markets aren't open.
New
2025.01.10 02:09Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
