
Share: Fed Chairman Jerome Powell will speak before the Economic Club of New York. Powell’s comments on monetary policy and interest rate path will be scrutinized by markets. The US Dollar could show significant reaction to Powell’s speech before the Fed’s blackout period begins on Saturday. Jerome Powell, Chairman of the Federal Reserve

Share: The Canadian Dollar is falling back into familiar lows on Wednesday as investors pull up stakes. Canada Housing Starts came in better than expected, but risk-off flows are dominating. Thin calendar docket for the CAD until Friday’s Retail Sales. The Canadian Dollar (CAD) is falling back in the American market session as

Share: The Euro trades on the defensive against the US Dollar. Stocks in Europe close the session with marked losses. EUR/USD loses some momentum and slips back to 1.0550. The USD Index (DXY) looks bid in the low 106.00s. Eurozone final inflation figures matched the preliminary readings. Housing Starts expanded 7.0% MoM in September. The

Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick Harker

Share: The Euro keeps the bid bias unchanged against the US Dollar. Stocks in Europe close the session with a decent advance across the board. EUR/USD faces immediate target at the 1.0600 hurdle. The USD Index (DXY) meets initial support around 106.30. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index

Share: Canadian Dollar flows are resurfacing after Thursday’s nosedive, propped up by a reinvigorated oil bid. Canada economic data remains thin until Tuesday’s CPI print. US Dollar giving back yesterday’s gains after consumer sentiment miss. The Canadian Dollar (CAD) caught a mild recovery on Friday, paring back Thursday’s dip after broad-market risk sentiment

Share: Pound Sterling faces an intense sell-off due to risk-off impulse and weak manufacturing activity data. Persistent US inflation dampens the market mood. The BoE is expected to keep interest rates unchanged for the second time in a row. The Pound Sterling (GBP) dropped from a two-week high as the United Kingdom’s economic

Share: Mexican Peso stalls the USD/MXN rally towards 18.00, as the pair clings to losses of 0.02%. The University of Michigan consumer sentiment indicates growing pessimism amongst Americans as inflation expectations rise. Dovish comments from Fed officials, including Philadelphia Fed President Patrick Harker, suggest a rate hike pause. Mexican Peso (MXN) calmly stands off

Share: Australian Dollar moves sideways after trimming intraday gains. Aussie pair dipped post-release of the US headline inflation. Consumer Inflation Expectations raised the odds of RBA to increase interest rates. US Dollar advanced following the slew of upbeat US data, awaiting US Consumer Sentiment. The Australian Dollar (AUD) snaps a two-day losing streak post