AUD/USD extends recovery above 0.7100 despite caution stems in market mood
AUD/USD has scaled to near 0.7115 after a recovery move despite solidifying cautionary market mood. The Fed might hike interest rates by 25 bps and keep them steady at 4.75-5.00% for the remaining year. Australian monthly Retail Sales are expected to display de-growth by 0.3%. The AUD/USD pair has accelerated to near 0.7115 after rebounding from […]
ForexLive European FX news wrap: Dollar steady amid tentative market mood
Headlines: Markets: JPY leads, GBP lags on the day European equities little changed; S&P 500 futures down 0.3% US 10-year yields up 5 bps to 3.551% Gold flat at $1,928.30 WTI crude up 1.5% to $82.19 Bitcoin down 0.6% to $22,927 It was another quiet session in Europe, with not much in terms of data […]
US dollar turns higher as the mood turns negative
The US dollar has turned higher and equities are back in negative territory. It’s been a choppy session and I don’t rule out some dollar demand ahead of the London fix for the latest price action. EUR 15 mins I continue to worry we will see angst ahead of the FOMC decision on Wednesday and […]
US dollar slides as the mood in markets improves
I highlighted the economic commentary from earnings reports earlier today and that along with better US consumer sentiment was telling. US stock futures pointed to a 1% decline but that’s been pared to 0.2%. You also have strong dip buying in names that reported like Delta and JPMorgan: In FX, the reaction has been more […]