Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, FOMC, AUD/USD, RBA, NZD/USD RBNZ, Crude Oil – Talking Points The gold price remains steady near its highs today as yields slip elsewhere Australia and New Zealand saw uncomfortable CPI data that sent AUD/NZD north The market is eyeing next week’s FOMC meeting. What will it mean for XAU/USD? Recommended by […]
Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, RBA, CPI, RBNZ, AUD/NZD – Talking Points The Australian Dollar ran higher after CPI figures beat estimates Both the headline and trimmed measures were above forecasts The RBA might have a problem on their hands. Will AUD/USD continue higher? Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian […]
US Dollar Grasps for Support at Eight Month Lows
US Dollar Talking Point: Recommended by James Stanley Get Your Free USD Forecast It’s been a week now and the US Dollar is still grasping for support at the 101.77 level that had come into play last Monday. That price was tested through on Wednesday and then again yesterday but, as of yet, there’ve been […]
Dollar Index (DXY) Pops on U.S. PMI Beat
U.S. DOLLAR ANALYSIS & TALKING POINTS PMI data surpasses estimates across the board. Will we see a complete descending triangle break? Recommended by Warren Venketas Get Your Free USD Forecast Get My Guide USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team […]
Gold prices march higher on slower US Fed interest rate hike bets
By Arundhati Sarkar (Reuters) – Gold prices advanced on Tuesday as the dollar’s retreat amid expectations for a less-aggressive interest rate hike from the U.S. central bank made bullion a more attractive bet. Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures […]
Dollar stays under pressure as sterling, yen rate expectations build By Investing.com
By Geoffrey Smith Investing.com — The dollar tested a new nine-month low in early trade in Europe on Tuesday as economic data from Japan and the U.K. strengthened the case for more interest rate hikes there. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was […]
Dollar in doldrums as euro near 9-month peak, yen bounces By Reuters
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a nine-month low to the euro and gave back recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. […]
Australian Dollar Eyes New Heights Ahead of Crucial CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, CPI, Iron Ore, Gold – Talking Points The Australian Dollar has made ground today on US Dollar weakness While the market is rightly focussed on tomorrow’s CPI, PPI on Friday might impact China is on holiday, but commodities are buoyant. Will AUD/USD make a new high? Recommended by […]
Fed Risks Curb Dollar Sell-Off Despite Fundamental Weakness
The imbalance in the policy rhetoric of the Fed and the ECB continues to widen, only this time the ECB is more hawkish, which cannot but prop up EURUSD. After a week of doubts, the pair tried to renew the rally pushing through the 1.09 level. However, later during the London session, the dollar began […]
Gold prices tick lower; growth concerns start weighing on white metals
By Arundhati Sarkar (Reuters) – Gold prices ticked lower on Monday as investors positioned for U.S. economic data this week that could influence the Federal Reserve’s future policy, with a softer dollar cushioning further losses in bullion. Spot gold inched 0.1% lower to $1,925.54 per ounce by […]