Scalping or short-term trading is a trading strategy that the trader will trade small profit but in high frequency, maybe 10-100 or more times daily. It is based on the notion that a currency is very fluctuate, so it would be better to take small profit from small movement than to take large profit.

Author Topic: dollar strength After St. Louis Fed chairman supported interest rate hikes 12 ti  (Read 267 times)

Jilan Asaad

  • Guest
dollar strength After St. Louis Fed chairman supported interest rate hikes 12 times this year

The dollar strengthened against the major currencies today. After the chairman of the US Federal Reserve (Fed) St. Louis branch He encouraged the Fed to raise interest rates 12 times this year to curb inflation.

The dollar rose 0.49% to 119.17 yen, while the euro was down 0.15% to 131.30 and 0.64 percent to $1.102. The index measures the dollar's movements against the six major currencies in the basket, up 0.54% to 98.50.

Even though the dollar is stronger today But it is likely to fall this week for the first time in 6 weeks.

St. Louis Fed President James Bullard said the Fed should raise interest rates 12 times this year to show it is serious about fighting inflation. Inflation, which has hit its highest level in 40 years, is affecting people.

Mr Bullard said He wants the Fed to raise interest rates above 3% from near 0% now.

Earlier, Bullard was the only Fed official to vote for the Fed to raise interest rates by 0.50% at this week's meeting. The Fed raised interest rates by 0.25% to 0.25-0.50%, the first rate hike since December 2018.

In addition, Fed officials expect the Fed to raise interest rates six more times, 0.25% each, for the remainder of the year. This will put the short-term interest rate at 1.75-2.00% later this year.

Meanwhile, Fed officials forecast three rate hikes in 2023, but no rate hikes in 2024.



 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1786 Views
Last post November 19, 2019, 03:27:50 PM
by Tony
0 Replies
660 Views
Last post December 18, 2019, 01:26:52 AM
by benito
1 Replies
899 Views
Last post March 30, 2020, 10:32:32 AM
by Ecativos
0 Replies
511 Views
Last post October 07, 2020, 07:17:41 AM
by DavidSpade
1 Replies
359 Views
Last post November 10, 2021, 10:12:18 AM
by Samurott


-

Forex Forum - Learn Forex/ 外汇信号 / إشارات الفوركس / Форекс сигналы / สอนเล่น Forex / Tín hiệu Forex/

-(Blog)-
-
Disclaimer By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning forex online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to Forex trading in each language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or not. Investing in financial product is subject to market risk. Financial products, such as stock trading and forex, are very speculative and any investment in them should done carefully, desirably with a good personal risk management. Whether you are newbie in forex, part-time traders, or full-time forex traders. Forex trading, Stock Trading and commodity specultion have big potential rewards but also big potential risk.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any forex market or stock market movement. This website is for informative and discussion purpose in this website only. Whether a materials related to Forex trading in different language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия). Whether newbie in forex tradeing, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about forex trading or not. Discussion content reflects the views of individual people only. The people here maybe newbie in Forex trading, part time dorex traders, or full-time traders. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Investment tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments,forex currency pairs, or any products or forex courses. Whether it is in the section of Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or any other language. All investors should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial and forex trading advice based on your own particular circumstances before making an investment decision on the basis of information about forex and non-forex matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any forex traders and non-traders.