Share: USD/JPY meets with some supply on Thursday and reverses a part of the overnight strong move up. Intervention fears, along with the cautious mood, underpin the JPY and exert pressure on the major. The Fed-BoJ policy divergence should continue to act as a tailwind for the pair and help limit losses. The
© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to cut
Share: The DXY index first declined to 104.00 and then recovered to 104.40. The headline and core PPI cooled down in October, while US Retail Sales declined but were lower than expected. Investors seem to worry that strong economic activity data might weigh more than cooling inflation in the Fed’s eyes. The US
US DOLLAR, USD/JPY, GBP/USD, AUD/USD OUTLOOK The broader U.S. dollar regains ground after Tuesday’s selloff Despite today’s moves, the path of least resistance may be lower for the greenback, especially against some of its top peers This article delves into crucial technical levels to monitor for USD/JPY, GBP/USD, and AUD/USD Trade Smarter – Sign up
© Reuters. WASHINGTON – The US dollar, which has seen a strong performance in the latter half of 2023, is expected to face a downturn in 2024 as the Federal Reserve gears up to ease interest rates. In the second half of 2023, the dollar’s bull trend was propelled by robust US economic growth, boasting
Share: Gold price rises for the straight third trading session due to easing US inflation. The US headline CPI rose at 3.2%, its slowest pace for two years. Investors await US Retail Sales, PPI, and the outcome of the Biden-Xi meeting. Gold price (XAU/USD) extends rally as easing price pressures in the US
Share: NZD/USD eyes stabilization above 0.6000 amid easing US price pressures. Further action in the US Dollar will be guided by the monthly US Retail Sales data. NZD/USD forms an Inverted Head and Shoulder chart pattern. The NZD/USD pair aims for stability above the psychological resistance of 0.6000 as the market mood has
EUR/USD Forecast – Prices, Charts, and Analysis US and Euro Area inflation releases dominate this week’s economic calendar. Federal Reserve speakers are out in force this week. Recommended by Nick Cawley Get Your Free EUR Forecast The Euro is eyeing 1.0700 against the US dollar in early turnover with little in the way of news,
© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Karen Brettell NEW YORK (Reuters) – The dollar dipped against the euro on Friday but gained against the yen as investors evaluated comments by Federal Reserve
Share: Spot Gold prices are seeing further downside on Friday as investors pivot on Fed remarks. Fed looking more hawkish than market participants believed last week. US Dollar, US Treasury yields seeing gains for the week, Gold swoons. XAU/USD prices are testing towards the downside on Friday, edging towards $1,930 after yesterday’s hawkish
