© Reuters. Investing.com – The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for a
O euro lost strength against dollar , after reaching its highest level in more than three months at 1.0966, and returned to testing the 1.09 range at night, after the release of the minutes of the Federal Reserve’s last monetary policy meeting, which proved to be more favorable to monetary tightening than
USD/JPY News and Analysis Broad Japanese Yen strength observed late on Friday as BoJ and currency officials address FX intervention and monetary policy, respectively USD/JPY heads back below 150 but major currencies still on track for another weekly gain vs JPY Japanese government bond yields ease in sympathy with the US, global trend The analysis
© Reuters. The US dollar is showing signs of strain against commodity currencies, despite the rise in yields, indicating a market shift favoring growth over rate differentials, as reported on Thursday. This situation emerges as the Federal Reserve considers potential further rate hikes that could have adverse effects on the US economy. Earlier this week,
© Reuters. Despite the usual end-of-year softening, the strength of the dollar, bolstered by US macro outperformance and a hawkish stance from the Federal Reserve, is predicted to continue. The dollar has remained unaffected by a sell-off in Treasuries and increases in long-end curve rates. High US rates and an unorganized rise in US yields
Share: Nonfarm Payrolls surprised expectations to the downside in October. This brought the USD lower from its high ground. Economists at TD Securities analyze Greenback’s outlook. A topping out of 10Y yields and US rates vol will help revive the high-quality carry currencies Both the headline jobs number and wage data came on
© Reuters The US dollar is forecasted to maintain its strength through the end of 2023, despite traditional weakness in the November-December period. This strength is driven by US macro outperformance and a hawkish Federal Reserve. High US rates, described as risk-negative events, are positively influencing the dollar while adversely affecting pro-cyclical currencies in Europe
Share: Gold price remains sideways as the US core PCE inflation reading was in line with estimates. The downside in the Gold price remains cushioned by escalating tensions in the Israel-Palestine conflict. US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price (XAU/USD) trades in a tight range
CRUDE OIL PRICE OUTLOOK Oil prices fall for the second day in a row, but the fundamental outlook remains constructive Geopolitical tensions in the Middle East continue to be supportive of some energy commodities This article looks at the key technical levels for oil to keep an eye on in the coming days Trade Smarter
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