US Dollar Falters on Weak PMI Data, Focus Shifts to GDP and PCE
The US Dollar Index (DXY) trades lower on Tuesday following disappointing S&P PMI figures, signaling a slowdown in economic activity. However, the Fed’s persistent hawkish stance continues to support the USD, limiting potential losses. Key Factors: Technical Analysis: Mixed Signals, Bullish Bias Persists
Pound Sterling Weakens on BoE Rate Cut Expectations, US Outlook
The Pound Sterling (GBP) remains under pressure near a five-month low around 1.2360 as markets anticipate a divergence in central bank policy between the Bank of England (BoE) and the US Federal Reserve (Fed). Key Factors: Technical Analysis:
Gold Price Settles After Brief Spike on Middle East Tensions
Gold price (XAU/USD) pares gains despite looming Middle East tensions, as investors await further developments regarding Israel’s retaliatory attack on Iran. While initial fears boosted safe-haven demand, easing concerns limit the upside for Gold. Key Factors: Technical Analysis:
US Dollar Rallies Despite Central Bank Concerns
The US Dollar regained strength on Thursday, reversing earlier losses triggered by concerns voiced by central banks about its recent dominance. This resilience highlights prevailing US economic outperformance. Key Factors: Technical Analysis:
Gold Price Rebounds Despite Hawkish Fed Signals
Gold price (XAU/USD) recovered to $2,400 despite Fed Chair Jerome Powell’s hawkish message emphasizing a longer restrictive policy stance. While this typically supports the US Dollar and Treasury yields, rising geopolitical tensions underpin Gold. Key Factors: Technical Analysis:
Gold Rally Stalls on Firm US Data, Delayed Fed Rate Cut Expectations
Gold (XAU/USD) retreated from near the crucial $2,400 resistance early Tuesday following strong US Retail Sales data. This data fueled renewed upward pressure on the US Dollar and Treasury yields, casting doubt on the timing of an initial Federal Reserve (Fed) rate cut. Market Movers Gold’s Headwinds Rising bond yields increase the opportunity cost of […]
USD/CAD Retreats Ahead of US Retail Sales, BoC Inflation Data in Focus
USD/CAD dipped to 1.3730 early Monday, consolidating gains as markets await critical US Retail Sales figures. The Loonie (CAD) exhibits strength while the US Dollar Index (DXY) trades near a six-month high of around 106.00. Market Movers: Retail Sales, BoC Outlook Technical Outlook: USD/CAD Uptrend Intact, Key Levels to Watch USD/CAD’s recent breakout from an […]
USD/JPY Retreats After Weak US Data, Buyers Consolidate
USD/JPY is trading slightly lower at 152.95 following a drop in US consumer confidence as measured by the University of Michigan (UoM) Consumer Sentiment Index. However, the pair is poised for a weekly gain on the back of recent strong inflation data. US Sentiment Weakened, Inflation Expectations Tick Up The UoM Consumer Sentiment Index fell […]
GBP/USD: Pound Sterling Slides as Fed Rate Cut Expectations Fade
The Pound Sterling (GBP) remains under pressure against the US Dollar early Thursday, reaching a two-month low near 1.2520. The selloff intensified as persistent US inflation data dampened expectations for near-term Federal Reserve (Fed) rate cuts. Market Sentiment: Dollar Strengthens, Rate Cut Expectations Shift Hotter-than-expected US Consumer Price Index (CPI) and Nonfarm Payrolls (NFP) data […]
Gold Price Retreats from Highs on Hot US Inflation Data
Gold (XAU/USD) tumbled from fresh highs near $2,365 early Wednesday after a surprisingly strong US Consumer Price Index (CPI) report for March. Headline inflation rose 3.5% annually, exceeding expectations of 3.4% and the prior 3.2% reading. Core CPI (excluding volatile food and energy) also increased steadily at 3.8%. This inflation data fuels speculation that the […]
