FX Signals on Asia FX rallies, dollar tumbles

FXPremiere.com– Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year.

Which FX Signals Trading Style Is Best For You?

Today's free signal is SIGNAL ALERT FX SignalThe Chinese yuan rose 0.4% and came close to a seven-month high against the dollar, while risk-heavy Southeast Asian currencies marked the biggest gains. The Philippine peso added nearly 1%, while the Malaysian ringgit and the Indonesian rupiah jumped 0.7% each.


The Japanese yen rose 0.3% and traded near a nine-month high to the dollar, even as recent data pointed to more pressure on the Japanese economy.

Forex signal services

The Fed hiked interest rates as expected, and said that it plans to keep raising interest rates to curb elevated inflation. Fed Chair Jerome Powell also expressed uncertainty over where interest rates will peak.

How to Use Pivot Points to Measure Market Sentiment

But the bank’s commitment to keep raising interest rates ramped up expectations for a U.S. economic slowdown this year, which in turn spurred bets that the Fed could begin cutting interest rates by as soon as the second half of 2023.

Telegram FX Signals

This notion battered the dollar, with the dollar index and dollar index futures falling 0.3% on Thursday. The two instruments had plummeted over 1% after the Fed’s announcement, and were trading at their weakest levels since April 2022.

Markets are now awaiting January’s nonfarm payrolls report, due on Friday, to look for more signs of cooling in the jobs market. Asian currencies stand to benefit from a pivot by the Fed, given that it will widen the gap between risky and low-risk debt yields.

How to Find the Best Free Forex Trading Signals

FX Signals on Asia FX rallies, dollar tumbles

Dollar Down Signs of Slowdown

FX Signals on Asia FX rallies, dollar tumbles

EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more..These are the three most traded currencies beside the US dollar. Minor pairs have a smaller market share compared to major pairs. Because of this they can exhibit lower market liquidity. Lower market liquidity will mean that a broker will give wider dealing forex spreads. GBPUSD Exchange Rate Outlook

FX News

Forex Signals Telegram SignalsSubscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals News Learning Guides below with guide you with every trade you make! FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms. CREATE YOUR OWN NFT TODAY!!

FX Signals on Asia FX rallies, dollar tumbles