Bulls keep the reins ahead of US inflation
EUR/USD stays firmer around seven-month high, approaching mid-2022 top. Nearly overbought RSI challenges buyers as they brace for key hurdles. Looming bull cross on MACD, clear upside break of one-month-old descending trend line favor bulls. EUR/USD buyers can aim for ascending trend line from mid-November on crossing 1.0805. EUR/USD bulls take a breather around the […]
Goldman Sees Dollar’s Dominance Driving Further Gains Ahead By Bloomberg
(Bloomberg) — The dollar holds the crown as the world’s dominant currency and rivals have so far failed to unseat the greenback — making fresh rallies likely. That’s the thinking of Goldman Sachs (NYSE:) analyst Isabella Rosenberg who says signs of global growth have made European and Chinese assets more attractive in recent months, […]
Forexlive Americas FX news wrap: Dollar steady but risk trades rip ahead of CPI
Markets: WTI crude oil up $2.49 to $77.61 US 10-year yields down 8.3 bps to 3.53% Gold down $1 to $1876 S&P 500 up 48 points to 3988 AUD leads, CHF lags The big mover in Wednesday’s trade was the Swiss franc as EUR/CHF broke out of a multi-month range and shot above the 200-day […]
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Joice Alves LONDON (Reuters) – The U.S. dollar and euro held firm on Wednesday as traders assessed European Central Bank’s latest statements and waited to see whether data due this week will confirm that U.S. inflation […]
Market Update – January 11 – Dollar stands still ahead of Thursday’s CPI
Treasuries were more unidirectional while Yields have crept higher led by the long end. The curve has bear steepened to -65.6 bps from -68 bps Monday and -74 bps before Friday’s data. Wall Street was very choppy, trading either side of unchanged, after a positive opening. Chair Powell did not […]
Asia FX slips while dollar steadies ahead of CPI readings By Investing.com
© Reuters. By Ambar Warrick Investing.com — Asian currency markets edged lower on Wednesday as traders stepped back from risk-driven assets ahead of economic cues from key inflation readings this week, while the dollar steadied from recent losses. After logging a strong start to the week on optimism over a Chinese reopening, regional units crept […]
Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hike. Where to for XAU/USD?
GOLD, XAU/USD, US Dollar, Real Yield, AUD/USD, Crude Oil – Talking Points Gold continues to glisten ahead of crucial inflation data The Fed continues to talk tough on rates, but equities rally anyway China’s re-opening has underpinned base metals, Will it boost XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold made an […]
NZD/USD bulls are tiring ahead of US CPI as the main event
NZD/USD bulls eye a test of resistance before Thursday’s CPI event that leaves the 0.6470s exposed. NZD/USD traders will be looking to the lower timeframes for signs of deceleration from the bulls that could lead to a break of 0.6200. NZD/USD is heading into the end of the North American session flat on the day so […]
Dollar Subdued Ahead of CPI!
The DXY made a seven-month low as the EURUSD made major advances. China’s re-opening has aided risk assets as Gold continued to climb higher. In addition, Fed Chair Jerome Powel is due to speak later today as traders look for his thoughts on monetary policy in the future. Timestamps DXY 01:45 EURUSD 03:05 The post […]
USD Dips Ahead of Powell Speech, US Inflation Data
The USD dipped against the EUR ahead of Federal Reserve Chairman Jerome Powell’s speech later today. Will the currency continue last year’s story of strength or is there a new theme of dollar weakness in the air? The US Dollar’s strength was a long-running theme in 2022, affecting the affordability of commodities like crude oil […]