Asia FX steadies as dollar rebound slows ahead of Fed minutes By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was […]
Dollar Index (DXY) Eyes U.S. CPI
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure […]
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 […]
NZD/USD jumps toward 0.6300 as US Dollar tumbles
Greenback drops sharply after NFP and ISM service sector. US yield falls to multi-day lows, commodities rebound. NZD/USD reverses from monthly lows, and trims weekly losses. The NZD/USD has risen a hundred pips from the daily low and it is trading at 0.6290, with a solid bullish tone supported by a broad-based USD decline. The greenback […]
Fed, Dollar Moves, & How to Trade USD Setups for Potential Profits
In today’s issue, we talk about Fed’s interest rate hikes, how they affect the dollar, and what we think your trading strategy should be in this market. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and host of the Ignite Trading Room. Ignite Trading Room is FREE to join for active SmartTrader users. […]
Dollar: the immediate prospects – Analytics & Forecasts – 4 January 2023
The focus of traders today is the publication (at 15:00 GMT) of the Institute for Supply Management (ISM) report with the most important indicators reflecting the state of the US manufacturing sector (it is predicted to decrease from 49.0 to 48.5 in December), as well as protocols with December Fed meeting (at 19:00 GMT). The […]
Dollar higher; U.S. jobs report to show healthy labor market By Investing.com
By Peter Nurse Investing.com – The U.S. dollar rose in early European trade Friday, trading near a one-month high after healthy employment data pointed to a strong labor market ahead of the widely-watched official jobs report. At 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six other currencies, rose […]
Dollar Remains Dominant Driver of Rand Post NFP
Rand Dollar Outlook: USD/ZAR Influenced by a Slightly Higher Dollar Post NFP Recommended by Tammy Da Costa Get Your Free USD Forecast US Employment Remains Robust After Strong NFP Report but Rand Resilience Holds USD/ZAR is currently trading around 0.95% higher on the week as the safe-haven Dollar recuperated a portion of recent losses. As […]
US dollar sinks on hard landing fears after ISM services survey plunges
The ISM services sector survey is one of the best forward looking indicators out there and today’s edition plunged to 49.6 from 56.5, far worse than the economist consensus of 55.0. Even worse, the forward-looking new orders component in the survey looks like this: ISM new orders Market participants are struggling with the idea of […]