USD/JPY: The Greenback pushes higher as US Retail Sales beat expectations
The US Dollar has turned higher again on Wednesday, to test resistance at the 148.00 psychological level, boosted by higher-than-expected US Retail Sales figures. Retail Consumption increased at a 0.6% pace in December, above November’s 0.3% increase and beating expectations of a 0.4% increase. Excluding automobiles, sales of other products rose at a 0.4% pace, […]
The US Dollar trades in the green across the board
The US Dollar (USD) is seeing its status as King within reach with the US Dollar Index (DXY) popping above a few important technical levels. The move comes with markets finally realizing that rate cuts will not take place before June for either the US Federal Reserve (Fed), the European Central Bank (ECB) and the […]
AUD/USD dips pressured by rising US Treasury yields
The Australian Dollar (AUD) tumbles sharply against the US Dollar (USD) as US Treasury yields climb and the Greenback (USD) posts solid gains of more than 0.50% via the US Dollar Index (DXY). Expectations that the US Federal Reserve (Fed) would cut rates in the year had been tempered, a headwind for the AUD/USD pair, […]
15.01 – Gold price is aiming to reclaim weekly high
Gold price (XAU/USD) continues to enjoy decent demand on Monday’s European session amid multiple tailwinds. The precious metal is attracting investments as market participants seem more convinced about the Federal Reserve (Fed) reducing borrowing costs from March after the release of the surprisingly soft Producer Price Index (PPI) numbers for December. Investors expect that a […]
The USD/JPY is gravitating towards the 144.70 level
In Friday’s trading session, USD/JPY encountered a setback, currently trading around 144.70 with losses of 0.40%. This downward movement is driven by the soft Producer Price Index (PPI), but escalating tensions in the Red Sea region may drive demand back to the US Dollar. On the data front, the US Final Demand Producer Price Index […]
11.01 – The AUD/USD fell below the 0.6700 level
The Australian Dollar (AUD) softened on Thursday, tallying losses against the US dollar (USD), with the pair reaching near the 0.6685 mark. Major contributors to this downturn movement are the surprisingly higher than-anticipated Consumer Price Index (CPI) data from the United States, which made dovish bets on the Federal Reserve (Fed) ease. On Thursday, the […]
10.01 -DXY Index registers minor losses, trading around 102.40
The US Dollar (USD) observed modest losses on Wednesday, trailing at 102.4 in the US Dollar Index, as market participants stick to the sidelines awaiting drivers. The trading floors were relatively quiet with no significant reports fuelling reactions during the session. The focus is set on the release of the US Consumer Price Index (CPI) […]
09.01 – EUR/USD sees minimal change, impacted by unexpected fall in German industrial production
The EUR/USD is almost flat in early trading in the North American session on Tuesday as economic data in Europe was mixed while traders prepared for Thursday’s inflation report in the United States (US). At the time of writing, the major trades at around 1.0941, losing 0.09%, after hitting a daily high of 1.0966. In […]
08.01 – The US Dollar Index steadies around 102.00
The US Dollar (USD) trades a bit softer this Monday after the start of the US trading session. Main driver for the step back is the Risk On mode that is being switched on with the US opening bell. Mainly the Nasdaq is leading the charge, up over 1% while Nvidia shares hit a fresh […]
05.01.2024 – EUR/USD climbs to 1.0960, buoyed by solid US jobs report
The EUR/USD rallied to a three-day high on Friday after the latest US jobs data announced by the US Bureau of Labor Statistics (BLS) was solid, sponsoring a dive to a new three-week low at 1.0876. Recently, the ISM Services PMI in December slowed sharply, clinging to expansionary territory, sponsoring a leg-up in the major, […]