The US Dollar Bounces Back as Recession Fears Swirl. Where to for USD?
US Dollar, DXY index, USD, Fed, USD/JPY, AUD/USD, NZD/USD – Talking Points The US Dollar had a bumpy ride before composing itself today AUD, NZD and JPY have had a busy day on data and news The Fed compass is set due north, but how far and fast in that direction? Recommended by Daniel McCarthy […]
Australian dollar extending its losses, USD more broadly higher
<p>The Australian dollar dropped after the employment report:</p><p><a href="https://www.forexlive.com/news/australian-december-unemployment-rate-35-vs-expected-at-34-and-prior-also-34-20230119/" target="_blank" rel="follow" data-article-link="true">Australian December unemployment rate 3.5% vs. expected at 3.4% and prior also 3.4%</a></p><p><a href="https://www.forexlive.com/news/australian-dollar-lower-following-the-jobs-report-20230119/" target="_blank" rel="follow" data-article-link="true">Australian dollar lower following the jobs report</a></p><p>AUD/USD has extended lower still, to just under 0.6900. </p><ul><li>NZD/USD has lost some ground with it.</li><li>EUR is a touch softer. USD/JPY has […]
PPI and Retails Sales Miss to the Downside, USD down, Stock up
US Market Alert: PPI and Retail Sales US Producer Price Index (PPI) beats estimates to the downside (-0.5% vs est. -0.1%) US retail sales dropped faster than anticipated in December (-1.1% vs est. -0.8%) Customize and filter live economic data via our DailyFX economic calendar Lower PPI adds Further Pressure on the Fed to Pause […]
USD: affected by events. Forecast as of 18.01.2023
2023.01.18 2023.01.18 USD: affected by events. Forecast as of 18.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ With the US dollar losing its advantages and the European economy extremely resilient, it’s no surprise that banks and investment companies raise their EURUSD forecasts. Let’s discuss this topic and make up a trading plan. Weekly US dollar fundamental forecast According to reliable Bloomberg sources […]
Intraday Market Analysis – USD struggles to find floor
EURUSD keeps high ground The US dollar struggles on speculation that the Fed is nearing the end of its tightening. The pair is holding on to its gains after breaking above May’s high of 1.0780. A bearish RSI divergence suggests a deceleration in the momentum and may foreshadow a potential pause in […]
Market Update – January 17 – USD Holds at 7-mth lows, Mixed data from China & UK
Trading Leveraged Products is risky Chinese GDP for 2022 at 3.0% missed expectations (5.5%) significantly and represented the slowest growth for the world’s second largest economy since 1976 and the end of the austerity of Mao Zedong. Q4 GDP beat expectations at 2.9% vs 1.8% but was still very weak. […]
Market Update – January 16 – USD at 7 mth lows as YEN takes centre stage
The BOJ meeting this week is dominating trades as the new week kicks-off. Japanese 10-yr yields trading at 0.51% above the BOJ ceiling and adding to the speculation that the ceiling could be raised to 1.0% on Wednesday. US stocks closed higher again on Friday and gained 2.3% last week. US markets are closed today […]
USD/CAD rebounds from seven-week low, jumps back above 1.3400 amid resurgent USD demand
USD/CAD stages a solid intraday recovery amid a strong pickup in the USD demand. Rebounding US bond yields and the risk-off impulse lifts the safe-haven Greenback. Positive Crude Oil prices could underpin the Loonie and cap the upside for the major. The USD/CAD pair rebounds sharply from the 1.3320 area, or its lowest level since […]
KRW to remain a key beneficiary of USD weakness in the weeks ahead – TDS
Bank of Korea (BoK) decided to hike its policy rate today by 25 bps to 3.50%. Economists at TD Securities expect the Won to strengthen in the weeks ahead. Less urgency to tighten further “BoK hiked its 7-day repo rate by 25 bps to 3.50% as widely expected. The decision was not unanimous however, with […]
USD/CHF shifts negative and drops toward 0.9260 on soft USD
USD/CHF retraced earlier gains after printing a daily high of 0.9316. Upbeat US economic data is bad for the greenback as the US Dollar weakens. USD/CHF Price Analysis: A break / daily close below 0.9300 would expose the pair to further selling pressure. The USD/CHF is trading below its opening price, though it failed to […]