Most Important News for 2022-05-04

AUD/USD
EOD Return: -0.02%
AUD/USD surges above 0.7200 post-Fed hike, as Chair Powell rules out 75-bps increases
"The article reports the Federal Reserve’s 50‑basis‑point rate hike and the start of quantitative tightening, which directly influenced AUD/USD’s sharp intraday move and set the tone for the day’s negative return."
EUR/GBP
EOD Return: 0.01%
GBP/USD set to suffer a sustained break under the 1.25 level – ING
"The article highlights a sustained break below key support for GBP/USD, linking it to upcoming Fed and BoE policy decisions—directly relevant to EUR/GBP’s strong upward move."
EUR/JPY
EOD Return: 0.00%
EUR/JPY Price Analysis: Confined to the 136.00-138.00 despite an improved sentiment
"Fed Chair Powell’s statement that 75‑bps hikes are unlikely lifted market sentiment and pushed the EUR/JPY higher, directly influencing the modest 0.06% gain."
EUR/NOK
EOD Return: 0.02%
EUR/NOK: Norges Bank rate decision to be largely neutral for the krone – Commerzbank
"It directly addresses the upcoming Norges Bank rate decision and its expected neutral impact on the krone, which is a key driver for EUR/NOK movements."
EUR/SEK
EOD Return: 0.01%
EUR/SEK: Rallies towards 10.60 to come into play towards the end of Q2 – Credit Suisse
"The Credit Suisse analysis directly addresses EUR/SEK levels, citing a target of 10.60 and discussing Riksbank policy expectations, which are highly relevant to the currency’s movement on that day."
EUR/USD
EOD Return: -0.01%
EUR/USD soars towards 1.0570s and retraced to 1.0550 post-Fed 50-bps rate hike
"The article reports the Federal Reserve’s 50‑basis‑point rate hike, a direct catalyst for the EUR/USD decline on that day."
GBP/USD
EOD Return: -0.02%
GBP/USD rallies 42 pips and pops 1.25 the figure as Fed hikes rates 50bps
"The Fed’s 50‑basis‑point rate hike and balance‑sheet reduction directly strengthened the dollar, leading to a sharp decline in GBP/USD on that day."
NZD/USD
EOD Return: -0.02%
NZD/USD skids below 0.6430 on flat NZ Unemployment Rate, Fed’s policy eyed
"The flat NZ unemployment rate report coincided with a sharp drop below key support levels and heightened sensitivity to the upcoming Fed decision, directly contributing to the negative return."
USD/CAD
EOD Return: 0.01%
USD/CAD plummets below key daily support as Fed's Powell rules out 75bp hike
"Fed Powell’s statement ruling out a 75 bps hike signaled weaker US tightening, strengthening the dollar against the Canadian dollar and driving USD/CAD higher."
USD/CHF
EOD Return: 0.01%
USD/CHF rebounds slightly from 0.9720, Fed’s policy dents greenback, Swiss Inflation eyed
"The Fed’s 50‑basis‑point rate hike directly strengthened the dollar against the franc, driving the pair higher and accounting for the 1.30% EOD gain."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Indian rupee drops towards 76.00 after RBI’s surprise 40 bps rate hike
"The RBI’s surprise 40 bps rate hike directly impacted the USD/INR pair, driving the rupee lower and contributing to the positive EOD return."
USD/JPY
EOD Return: 0.01%
USD/JPY plummets below 129.50 as the Fed increases rates by 50-bps as Fed Chair Powell speaks
"The Fed’s 50‑basis‑point rate hike directly influenced USD/JPY, causing a sharp move below 129.50 and driving the day’s positive return."