US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US Dollar Index (DXY), which measures the value of the USD against a basket of major currencies, stands soft after […]
Here is what you need to know on Thursday, September 26: After witnessing a solid turnaround in American trading on Wednesday, the US Dollar (USD) pauses its recovery and remains in a consolidative mode heading into the European opening bells on Thursday. Traders turn cautious and refrain from placing fresh bets on the USD before […]
US Dollar is gaining strength after Fed decision volatility. New York Fed’s Nowcast model predicts robust economic growth in third and fourth quarters. Fed expects financial conditions to remain loose, supporting the economy. The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall. The Federal Reserve (Fed) has […]
EUR/USD rises as increasing bets of a large cut by the Federal Reserve weigh on the US Dollar. The ECB said it remains data-dependent for further monetary policy action after Thursday’s cut. ECB’s President Lagarde refrained from providing a specific interest-rate cut path. EUR/USD strengthens at the expense of a weak US Dollar. The US […]
US Dollar is rising ahead of the presidential debate, continuing its strength despite ongoing dovish Fed easing expectations. Outcome of tonight’s debate between Vice President Harris and former President Trump might shake the USD’s ground. Dovish bets on the Fed might limit the USD’s upside. The US Dollar Index, a measure of the USD’s value […]
The US Dollar holds on to gains ahead of the US trading session on Monday. Comments from Fed’s Waller and the mixed Nonfarm Payrolls print are enough to fuel a stronger US Dollar for now. The US Dollar Index pops above 101.50 and looks to be heading towards 101.90 for a test. The US Dollar […]
US Dollar holds steady after mixed NFPs
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US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six […]
The Greenback regained balance and returned in a strong fashion following Monday’s inconclusive price action amidst the Labor Day holiday, advancing to two-week highs against the backdrop of further weakness in the risk-linked assets. Here is what you need to know on Wednesday, September 4: The US Dollar Index (DXY) advanced further and flirted with […]
The US Dollar trades strong and reverses nearly all losses incured last week. Markets see risk on while US Dollar rolls through markets. The US Dollar Index rallies into the 101-region and looks good to hold gains for this Thursday. The US Dollar (USD) trades substantially stronger and has reversed in a few pairs the […]
Silver price faces pressures in extending its upside above $30.00 as US bond yields surge. The Fed seems prepared to cut interest rates in September. Investors keenly await the US core PCE inflation data for July. Silver price (XAG/USD) struggles to extend its upside above the psychological resistance of $30.00 in Tuesday’s New York session. […]
USD slid following the University of Michigan Sentiment figures and housing market data. Markets remain confident about a cut in September. Greenback might continue being sensitive on data releases. On Friday, the US Dollar (USD), as measured by the US Dollar Index (DXY), experienced a decline following the release of the University of Michigan’s Consumer […]
A persistent selling bias kept the Greenback’s price action subdued for yet another session, a view that was bolstered by further confirmation of the downward path of US inflation, as per July’s CPI data. Here is what you need to know on Thursday, August 15: The USD Index (DXY) dropped to multi-day lows near 102.30 […]
