The US Dollar adds to Monday’s gains and sprints higher on negative European news. The Greenback jumps after rumors President Macron was considering to resign. The US Dollar index trades just above 105.00 and flirts with nearby support levels. The US Dollar (USD) trades further up in the green, above 105.40 on Tuesday, and looks […]
USD maintains its momentum, rising by more than 0.70% on Friday. US Nonfarm Payrolls exceeded market expectations in May, showing a robust recovery in the labor market. September odds fall for a Fed rate cut as positive economic signals abound. On Friday, the US Dollar Index (DXY) expanded its winning streak following stronger-than-forecasted labor market […]
Silver price dives below $30 as the US Dollar recovers amid caution ahead of US NFP data. Market speculation for the Fed reducing interest rates in September improves. Silver price weakens after a Double Top breakdown. Silver price (XAG/USD) declines below the psychological support of $30.00 in Tuesday’s European session. The white metal weakens as […]
The US Dollar eases back to earlier levels for this week. Markets are seeing US equities trying to stage turnaround and head back into Risk On. The US Dollar retreats further below 105.00, heading to 104.50 again. The US Dollar (USD) is fully retreating from its peak performance on Wednesday. All gains that got booked […]
The US Dollar recovers and nearly erases all losses for this Tuesday. Fed’s Kashkari surprises markets with hints of a rate hike. The US Dollar Index heads back to 104.50. The US Dollar (USD) bounces on Tuesday after the US opening bell with help from Federal Reserve Bank of Minneapolis President Neel Kashkari. Fed’s Kashkari floated […]
DXY Index is trading at 104.7, showcasing 0.35% losses but will close the week with mild gains. Durable Good orders from the US came in higher than expected but didn’t trigger movement from Greenback. Fed maintains cautious stance on premature easing, hinting at lower chances for swift interest rate cuts which cushions the USD. The […]
Share: US Dollar Index stays depressed after reversing from 11-week high. Yields, inflation expectations drop but activity data flash mixed signals to prod DXY bears. Absence of hawkish surprise from Fed, China-linked optimism exerts downside pressure on Greenback ahead of top-tier data. US CB Consumer Confidence can offer intraday directions but NFP, Fed’s […]
Share: US Dollar price action rallies with several BRIC countries coming out in favor of the Greenback. Fed members repeat the same message, foreshadowing an unchanged message from Powell at Jackson Hole on Friday. The US Dollar Index strengthens as hope dampens for any near-term rate cuts. The US Dollar (USD) is being […]
Share: During the Asian session, a key report to watch will be the Australian employment report. Additionally, wholesale inflation data will be released in New Zealand and Machinery Orders in Japan. Later in the day, the US will release the weekly Jobless Claims and the Philly Fed report. Here is what you need […]
Share: USD/CHF drops to near 0.8750 amid subdued US Dollar ahead of Retail Sales data. Monthly consumer spending momentum is seen expanding at a higher pace of 0.4% vs. June’s pace of 0.2%. The SNB will raise interest rates by 25 bps in September to 2%. The USD/CHF pair drops to near its […]
Share: US Dollar Index (DXY), which measures the US Dollar’s performance against a basket of six currencies, shows slight gains after reaching a fresh 15-month low of 99.578. June’s US CPI grew 3.0% YoY, underperforming the 3.1% forecast, while Core CPI fell by 0.5%. Concurrently, June’s PPI rose less than the expected 0.1% […]
Share: USD/JPY attracts some buyers and sees a rally to near the 143.00 region Investors digest the US labor data, believing the Federal Reserve (Fed) may not hike twice this year. The possible FX intervention by the Japanese central bank might keep USD/JPY’s upside in check. Traders might prefer to wait on the […]
