EUR/USD Analysis EUR/USD Gains Proved Short-lived Ahead of US CPI On Monday, the BoJ and China posed a challenge to USD dominance, allowing momentary respite for currencies against the greenback. The moment proved to be a very short one seeing that EUR/USD has been unable to pull back to the 200 simple moving average (SMA)
RAND TALKING POINTS & ANALYSIS Chinese optimism unable to deter USD upside. US & Chinese economic data the focus for the week. USD/ZAR trendline resistance remains in tact for now. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/ZAR FUNDAMENTAL BACKDROP
Share: The Euro trades close to 1.0700 vs. the US Dollar. Stocks in Europe en route to a mixed close on Tuesday. EUR/USD’s upside momentum falters ahead of 1.0770. The USD Index (DXY) regains some balance following Monday’s drop. Germany Economic Sentiment improves a tad in September. The NFIB index came in below estimates in August.
Crude Oil, WTI, Brent, Iran, US Dollar, US CPI, EUR/USD, Euro, ECB, Gold – Talking Points Crude oil has held onto recent gains ahead of inventory data US CPI could tilt rate hikes expectations for the Fed next week The Euro has bounced off recent lows with the focus on the ECB this Thursday Recommended
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter GOLD PRICE FORECAST Gold advanced on Monday on the back of a weaker U.S. dollar, but gains were limited as traders avoided taking large directional positions ahead of Wednesday’s U.S. inflation data, which
AUSTRALIAN DOLLAR OUTLOOK AUD/USD and NZD/USD rally on Monday, bolstered by broad-based U.S. dollar weakness The greenback’s pullback appears to be driven by profit-taking after a strong bullish run since mid-July Looking ahead, the U.S. inflation report for August, to be released on Wednesday, will be the main focus of the currency markets. Trade Smarter
Share: Gold price remains sideways as the market awaits US inflation data for further action. The US Dollar corrects marginally, while the broader bias remains bullish due to US economic resilience. Fed policymakers are expected to maintain the status quo on September 20 as US inflation is falling and the economy is better
© Reuters. Investing.com – The U.S. dollar fell in early European trade Monday, retreating from a six-month high, while the Japanese yen surged as comments from Bank of Japan Governor Kazuo Ueda signaled a potential change in monetary policy. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Major US indices attempted to stabilise towards the end of last week (DJIA +0.22%; S&P 500 +0.14%; Nasdaq +0.09%), but gains remained feeble following recent de-risking in tech and concerns of a resurgence in inflationary pressures. Thus far, Wall
MON: Norwegian CPI (Aug) TUE: EIA STEO, OPEC MOMR; Swedish Unemployment (Aug), UK Unemployment (Aug) & Wages (Jul), NorwegianGDP (Jul), Germany/EZ ZEW (Sep) WED: IEA OMR; UK GDP Estimate (Jul), US CPI (Aug) THU: ECB Policy Announcement, Norges Bank Regional Network; Australian Employment (Aug), Swedish CPIF (Aug),US Retail Sales (Aug), IJC (w/e 4th Sep), New
