The Dollar remains practically unaffected
The impact on the Dollar of the higher than expected US Jobless Claims in the US has been muted, as the pair remains consolidating losses near eight-year lows, at 0.8335. First-time claims for unemployment benefits increased by 218K in the US on the week of December, 15. This reading beats the market consensus of 110K […]
USD/CAD looks set for further breakdown
The USD/CAD pair trades back and forth in a narrow range near the round-level support of 1.3200 in the early New York session. The Loonie asset struggles for a direction amid the decline in volume due to a shortened week. S&P500 futures added nominal gains in the European session, portraying a higher risk-appetite of the […]
The GBP/USD is holding on the high side
The GBP/USD is on the high side amidst some rough chop in the US market session, holding above the 1.2700 handle the pair reclaimed during the European trading window after the UK reported better-than-expected Retail Sales in November. UK Retail Sales grew 1.3% MoM in November, beating the forecast 0.4% and rebounding from October’s flat […]
The AUD/USD rallied towards the 0.6775 level
The Australian Dollar (AUD) enjoyed an upward rally against the US Dollar (USD) in Thursday’s trading session, stimulated by the revision of the Q3 Gross Domestic Product (GDP) numbers that worked to soften the Greenback. Other medium-tier economic reports, including Jobless Claims and Philly’s Federal Reserve (Fed) Manufacturing Survey, added to the upside. In that […]
The XAG/USD approaches the $24.30 level, showing a 1% rally
In Wednesday’s session, XAG/USD is seeing a rally, currently trading at a level of $24.30, favored by the dovish shift in the Federal Reserve (Fed) and the fall to fresh lows of the US 10-year yield. Positive home sales from November from the US failed to trigger movements on the US Dollar. In that sense, […]
The Euro is crawling higher on Tuesday
The Euro (EUR) is showing a moderately positive tone on Monday, with the Dollar languishing near multi-month lows. The recent dovish pivot by the US Federal Reserve (Fed) and investor confidence that the US central bank will start cutting rates in the first quarter of 2024, is fuelling the positive market mood. This favorable scenario […]
Gold price consolidates with the US Dollar steady near recent lows
Gold (XAU/USD) has opened the week on a mildly positive tone, favored by a moderate pullback on the US Dollar (USD) and the depressed US bond yields, which remain stuck at mid-term lows. The precious metal, which is hovering right above $2,020 remains buoyed by increasing hopes that the global tightening cycle has come to […]
Gold price keeps consolidating with the US Dollar depressed
Gold price (XAU/USD) keeps its positive bias intact on Friday’s early European session and is on track to a 2% weekly rally, fueled by the Federal Reserve’s (Fed) dovish pivot, which sent the US Dollar (USD) tumbling. Thursday’s data from the US confirmed that the labor market remains strong, and retail sales increased, offering some […]
Gold price is aiming to deliver more gains as the Fed surprisingly turns dovish
Gold price (XAU/USD) extended its recovery on Thursday as dovish guidance from the Federal Reserve (Fed) turned its fundamentals supportive, potentially for the long term. The precious metal is expected to add more gains as new projections from the Fed endorse more rate cuts than previously estimated, due to significant progress in inflation declining towards […]
GBP/USD has fallen below 1.2600 courtesy of weak UK economic data
The GBP/USD fell 0.32% during the North American session, after data from the United Kingdom (UK), depicted the economy is at the brisk of recession amid a high inflation period. That and investors awaiting the Federal Reserve’s decision on monetary policy keep the Greenback in the driver’s seat. At the time of writing, the major […]
