Crude Oli Hold the High Ground on US Dollar Weakness. Will WTI go Higher?
Crude Oil, WTI, Brent, US Dollar, API, Turkey, Norway, Powell, Kashkari – Talking Points Crude oil lifted as the US Dollar fell on hopes of a less hawkish Fed Fed Chair Powell reaffirmed higher rates, but equities and currencies don’t care If the Fed raises rates as they say they will, where will WTI go? […]
XAG/USD Relief Rally Buoyed by Dollar Weakness
Silver (XAG/USD) Talking Points Recommended by Tammy Da Costa Get Your Free USD Forecast Silver Prices Rebound Ahead of Upcoming Event Risk Silver prices have bounced back after a brutal setback that resulted in a 1.59% decline yesterday. With the futures contract currently recovering over 1.00% of those losses, USD weakness ahead of this week’s […]
Weak UK PMI data points to further Pound weakness |
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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 […]
0.6894/21 to hold the current weakness to keep the near-term bias higher – Credit Suisse
AUD/USD is testing 0.6894/6720, which analysts at Credit Suisse look to hold to keep the risk skewed higher for a retest of retracement resistance at 0.7089/92. Stable close below 0.6821 to trigger more neutral and choppy trading “Despite the setback, medium-term momentum is still rising and the breakout remains intact and we, therefore, stick with […]
Dollar edges higher for now; more weakness likely By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar edged off its recent seven-month low Tuesday, while the Japanese yen slipped lower ahead of a widely-anticipated Bank of Japan meeting. At 03:20 ET (08:20 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.1% to 102.005, bouncing from […]
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/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 […]
The case for additional labor market weakness is clear – Wells Fargo
On Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point out the demand for workers has started to roll over. They argue job openings and hiring plans have declined since the start of 2022, and the trend in layoffs is […]