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 […]
US Dollar Sinks to Support After PMIs: CPI Data Ahead
US Dollar Talking Points: The US Dollar started the year with a subtle show of strength but that was soundly rebuked on Friday after the release of PMI numbers. The big US driver for this week is CPI which is set to be released on Thursday. Markets are looking for a move down to 6.5% […]
Dollar hovers near seven-month lows after jobs data By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Amanda Cooper LONDON (Reuters) – The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while […]
Australian Dollar Leaps Despite Weak Data as the US Dollar Slides. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Crude Oil, Gold – Talking Points The Australian Dollar vaulted higher as the US Dollar wilted US data has led to a theory that the Fed might not be aggressive going forward China’s re-opening has not been smooth, but it might move AUD/USD Recommended by Daniel McCarthy Get Your Free […]
Dollar hits four-week high on strong employment data By Reuters
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won By Karen Brettell NEW YORK (Reuters) – The hit a four-week high on Thursday after data pointed to a strong jobs market, supporting the prospect that the Federal Reserve could keep up […]
AUD/USD soars sharply above 0.6850 on weak ISM data and offered US Dollar
AUD/USD surged on weak US ISM Services data, which contracted to its lowest since 2020. The US economy added more jobs than estimated while wage growth eases, helping the Federal Reserve’s job to tame inflation. Fed policymakers reiterated the need to curb inflation, emphasizing that they will stay the course. The Australian Dollar (AUD) rallied […]
Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data?
2023-01-06 2023-01-06 Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data? Piyush Ratnuhttps://www.litefinance.org/blog/authors/piyush-ratnu/ The article covers the following subjects: Analysis 02.12.2022 Accuracy Summary and Review As projected in my analysis dated 02.12.2022: If the Bullish momentum pushes Gold price across the $1812 barrier, $1818, 1836 and 1866 can be the next target […]
USD/JPY tumbles below 133.00 on broad US Dollar weakness, post-NFP data
December’s US Nonfarm Payrolls data weakened the US Dollar, even though the labor market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting. USD/JPY Price Analysis: Likely to remain downward biased below 133.00. The USD/JPY struggles at the 200-day Exponential Moving Average (EMA) around […]
Dollar eyes gains as jobs data could force rethink of game of chicken against fed By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The dollar swung higher Thursday, just a day ahead of Friday’s labor market report that some believe could force investors to rethink their game of chicken against the Federal Reserve and potentially thrust the greenback to glory. The , which measures the greenback against a trade-weighted basket of […]
A Simple Breakout Trading System +5,024% (Backed by Data)
What is this system, and why does it work? Simple. This is a stock trading system. Based on academic research and my backtesting, strong stocks are likely to continue in the direction of the trend. It’s proven! It’s why this system looks to buy breakouts. Now I want to be honest here… I’m about to […]