Quick Look EUR/USD gains traction, trading above the 55-day EMA with an upside bias. USD/CAD exhibits neutral intraday bias, with range trading in focus. GBP/USD remains neutral, with the potential for a breakout or breakdown. Key economic indicators and the Federal Reserve’s policy meeting influence market dynamics. USD performance varies, showing weakness against the New …
Quick Look US Dollar Index drops 0.4% ahead of key economic data releases. Retail Sales in the US declined by 0.8%; Initial Jobless Claims slightly improved. UK Retail Sales see a surprising 3.4% increase in January. Central banks in Japan and New Zealand reiterate monetary policy stances. Significant currency movements were observed across major pairs; …
Forex Update: Dollar Dips 0.4%, Gold Soars Past $2000 Read More »
Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …
The US Dollar’s Tug of War: Yields Up, Stocks Steady Read More »
Quick Look The US Dollar Index remains steady near 104.00, with Treasury yields showing slight gains. China reports mixed economic indicators, with a slight monthly CPI increase but a yearly decline and a drop in PPI. Major currency pairs exhibit varied performance, highlighting market sensitivity to global economic data and policy expectations. Gold maintains its …
Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz Read More »
At A Glance USD struggles to gain momentum, with the DXY index slightly above 104.00. Upcoming Goods Trade Balance data and a 10-year note auction could influence USD’s trajectory. Federal Reserve officials’ speeches are eagerly awaited for hints on future monetary policy. The USD shows weakness against major currencies amidst a positive shift in market …
US Dollar Shows Resilience After Strong NFP Report The foreign exchange market began the week with a dynamic performance, where the US Dollar (USD) took centre stage. The USD displayed resilience against major currencies, building on momentum from an impressive surge. Factors such as escalating geopolitical tensions and the hawkish remarks of Federal Reserve (Fed) …
Geopolitics & Powell’s Words Impact the US Dollar Read More »
The USD/JPY currency pair has been a subject of market scrutiny, and its outlook remains influenced by various factors. This analysis delves into the intricate dynamics affecting USD/JPY trading. Current State of USD/JPY Intraday bias for USD/JPY is currently neutral, focusing on crucial support and resistance levels. The market’s direction hinges on the pivotal 145.97 …
USD/JPY Analysis: Influential Factors Affecting Outlook Read More »
Japanese Yen Falters on Disappointing Domestic Data The Japanese Yen (JPY) struggles to gain momentum against the US Dollar (USD) following lacklustre economic indicators. Japanese Retail Sales and Industrial Production figures for December did not meet market expectations, leading to a muted response from the domestic currency. The modest increase in the US Dollar, driven …
Japanese Yen Pre-FOMC: Navigating Economic Winds Read More »
The yen exchange rate is back in focus as the US Dollar (USD) struggles to find demand, leading to a fall below 103.00 on the USD Index during European trading hours. Market participants eagerly await the European Commission’s release of the preliminary Consumer Confidence Index for January. Meanwhile, attention shifts to the US economic agenda, …
Yen’s Wild Ride: BoJ’s Steadfast Stance vs. USD Struggles! Read More »
Staying attuned to market trends is essential in the fast-paced world of forex day trading, where fortunes can quickly change. This article explores recent developments in the foreign exchange landscape, focusing on key currency pairs and influential factors. The US Dollar Index remains strong above 103.00, with a significant 1% gain in the previous week …
Forex Update: USD Index Strong, Major Pairs in Flux Read More »
The dollar rate has become a central concern for investors as they evaluate the likelihood of shifts in the US Federal Reserve’s policy. The CME Group’s FedWatch tool shows a 75% chance of the Federal Reserve implementing rate cuts in March, signalling uncertainty. Concurrently, US Treasury bond yields are recovering from the previous week’s decline, …
The recent possibility of collapse of the once-dominant US dollar, amid softening US yields and anticipation of the US Consumer Price Index (CPI) data, has added renewed selling pressure to the global financial landscape. This downturn not only impacts the United States but also reverberates across various currency pairs, stirring speculations about future dollar buyback …
Dollar Collapse: Market Dynamics and Global Impact Read More »
ForexVox, a renowned FX/CFD retail trading platform ForexVox, unveiled its transformation into MarketsVox on Tuesday. The change reflects the company’s growth trajectory, moving beyond Forex and embracing various financial arenas. The firm operates from its main office in London, but it is licensed under a Seychelles-registered company and has its roots in Ukraine. The platform, …
On Tuesday, the forex market witnessed a significant shift, with the US Dollar emerging as a dominant force against major currencies. This appreciation was largely a response to indications of lacklustre global growth towards the end of 2024. This analysis explores the key factors and events behind the US Dollar’s surge, impacting major currency pairs …
In the volatile world of global finance, it’s crucial for investors to keep up with the latest currency movements. A key metric to watch is the US Dollar Index (DXY), which has seen a recent decline, staying just above its December lows. As the Dollar Index approaches 102.00, Wall Street stocks, including the Dow Jones, …
Navigating the Best Dollar Rate Amid Global Shifts Read More »
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