USDIndex on Wednesday [11/10] fell -0.04% and recorded a 2-week low, while declining bond yields on Wednesday weakened the dollar as the yield on 10-year T-notes also fell to a 2-week low. In addition, the strength of stocks limited liquidity demand for the dollar. The dollar’s decline was limited after the US PPI in September
China’s run of low consumer inflation continues. And PPI continues to deflate y/y. The m/m PPI was +0.4%, rising oil a factor pushing it higher. Of more interest will be the trade data due some time around 0300 GMT (11pm US Eastern time). The release time is flexible. This article was written by Eamonn Sheridan
Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro plunges most since early October on US CPI data In response, retail traders boosted upside EUR/USD bets Prices also rejected the key falling trendline from July Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro plunged over 0.8 percent against the US
GOLD PRICE OUTLOOK Gold prices turn lower following hotter-than-expected U.S. CPI data Sticky inflationary pressures boost Treasury yields and the U.S. dollar, creating a challenging environment for precious metals This article looks at XAU/USD’s key technical levels worth keeping an eye on over the coming trading sessions Trade Smarter – Sign up for the DailyFX
This blog is used to explain the detailed steps to use the Smart Market Structure program and its scanner. I’ll use an example to illustrate the detailed steps to make it easy to understand: Step 1. Go to the scanner. and look at attached file named “smart-market-structure-opportunity-scanner-1.png”. Step 1.a Look for the row with the
© Reuters. FILE PHOTO: An employee holds Russian 1000-rouble banknotes next to a currency counting machine in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s central bank on Thursday endorsed President Vladimir Putin’s decision to
Share: The Canadian Dollar is slumping against the US Dollar as markets scatter after a US CPI data beat. An uptick in US consumer prices is sending US Treasury yields higher as investors fear further Fed rate hikes. The Canadian Dollar finds little support in the inflation rush into safer assets. The Canadian
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Gold Price Forecast: Bearish Winds Prevail but Turnaround Nears, XAU/USD Levels The U.S. dollar, as measured by the DXY, embarked on a furious rally on Thursday after hotter-than-expected U.S. September inflation
Oil prices as well as gold benefited from a spike in risk aversion prompted by the escalating conflict in the Middle East. Gas prices also spiked as investors weigh the risk of widening geopolitical tensions. Oil prices have found a footing, after dropping more than 2% yesterday. Saudi Arabia and Russia showed they were working
The major US stock indices are closing lower as CPI data was a bit higher than expectations and then the lower demand for the 30 year auction reminded traders that the US treasury supply is not going to be lower anytime soon, and if you start losing buyers (like the Fed and foreign buyers), that
