Dollar slips after recent gains, recent uptrend intact
U.S. durable goods orders drop in January, weighs on dollarU.S. pending home sales rise; dollar sell-off persistsSterling, euro up sharplyNEW YORK, Feb 27 (Reuters) – The dollar fell from a seven-week high on Monday, tracking a slide in U.S. Treasury yields, as investors consolidated gains after the greenback’s recent rise and looked ahead for the […]
Dollar index hits seven-week high on higher-for-longer U.S. rates
LONDON, Feb 23 (Reuters) – The dollar index rose to its highest in nearly seven weeks on Thursday, a day after minutes from the Federal Reserve’s last policy meeting that supported, but did not add to markets’ view the central bank will raise rates further.The index , which tracks the greenback against six major peers […]
Market Update – February 9 – FedSpeak supports USD, but the Bard bombs
FEDSpeak – in virtual union about higher rates (along with Dimon “too early to declare victory vs. inflation”) – Fed Funds terminal rate now 5.122%. USDindex holds at 1-mth highs in flat FX markets, US10yr yield 3.653. Google’s AI the “Bard” bombed (got a wrong answer in a promo demo) – #Alphabet shares tanked -9% […]
USD acts smart. Forecast as of 09.02.2023
2023.02.09 2023.02.09 USD acts smart. Forecast as of 09.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While the market waits for the federal funds rate to fall to 4.8% by the end of 2023 after it peaked at 5.1%, major players expect the opposite. How does this affect EURUSD? Let’s discuss this topic and make up a trading plan. Weekly US […]
ForexLive Asia-Pacific FX news wrap: USD a touch softer vs. other majors
Forex news for Asian trading on Thursday, 9 February 2023 Eamonn Sheridan Thursday, 09/02/2023 | 03:59 GMT-0 09/02/2023 | 03:59 GMT-0 EUR, AUD, GBP, CAD and NZD all traded a little stronger against the USD during the session. News flow was very light, as was data. On Wednesday New Zealand announced a boost to the […]
Cable Shaped by USD Factors
POUND STERLING ANALYSIS & TALKING POINTS Fed officials in focus today – will the hawkish rhetoric continue? Lingering UK strike action does not bode well for UK economy. Daily cable chart exhibits caution as traders await fundamental cues. Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROP In what has been a […]
Intraday Analysis – USD breaks higher
USDJPY grinds supply zone The US dollar extended gains on the NFP momentum. On the daily chart, the 30-day SMA (131.10) has been acting as a tough resistance and its latest breach suggests that bearish sentiment has waned. A tentative break above 132.80 exposes the support-turned-resistance of 133.30 and potentially the daily […]
Binance to Suspend USD Bank Transfers from Wednesday
Crypto exchange giant, Binance is suspending US dollar deposits and withdrawals using bank transfers on its global platform from Wednesday. However, the service limitations will not affect the customers of Binance US, its US-based arm. https://t.co/gM6e3xb9BX customers can continue to safely and securely withdraw and deposit USD on our platform. Learn how to deposit USD: […]
Market Update – February 7 – USD Holds on to Gains, Stocks Flat, Oil Rallies
Trading Leveraged Products is risky RBA raised rates as expected by 25bp & signaled more to come – AUD rallied, USD holds at recent 1-mth highs & Yields remain elevated too. US Stocks closed lower but Asian markets & European FUTS are higher. Google announced “Bard”, Baidu “Ernie Bot” and […]
Brent Crude Oil Taking Advantage of Weaker USD, IEA Outlook & Supply Interruptions
BRENT CRUDE OIL (LCOc1) TALKING POINTS & ANALYSIS All eyes point to Fed Chair Jerome Powell for guidance later today. Future crude oil demand emphasized by IEA report while interruption at key export terminal in Turkey backs crude oil prices. Key resistance zone under pressure. Recommended by Warren Venketas Get Your Free Oil Forecast BRENT […]