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US stocks set for weekly loss as Powell adds to Fed’s hawkish soundbite. But the dollar is unable to hit fresh highs; US retail sales are eyed next. Yen firms after the verbal intervention; the euro...
The US dollar remains at risk of positioning-led corrections, but so far macro data and Fed communication have not offered any USD-negative catalyst. Yesterday, Fed Chair Powell emphasised the...
Gold Continues to Decline for the Fifth Consecutive Day Gold (XAU/USD) continued the decline on Thursday. The asset lost 0.32% on Thursday and 5.35% since last Thursday—the biggest decline since...
US CPI meets expectations, bolstering rate cut hopes But Fed hawks spoil the mood as dollar hits one-year high Gold continues to bleed even as stocks stumble Dollar ascends as Fed wary after CPI...
Markets were quick to buy US Dollar after a minor correction as US CPI was released yesterday. This move might reflect expectations for the coming year, as a USD-positive policy mix under Trump is...
The euro (EUR/USD) is lower for a fourth straight trading day and has declined 0.10% on the day, trading at 1.0612 at the time of writing. Earlier today, the euro dropped below the 1.06 line for the...
So far this week, the FX markets have continued to head in the same direction of dollar strength following last week’s US election results. The dollar is strengthening amid expectations for a higher...
The EUR/USD can’t seem to find its footing. Euro is down for a third straight trading day and has declined 0.38% on Wednesday, trading at 1.0608 at the time of writing. Earlier on Tuesday, the euro...
EUR/USD faces downward pressure with a break below 1.06 potentially signaling new lows for the year. US inflation data could provide the US dollar with more momentum, weighing on the euro. Key...
As the dust settles after last week’s US election results, global markets are settling into core trades of a firmer US dollar, higher US equities and higher terminal rate from the Fed. Importantly in...
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