A smaller-than expected addition to non-farm payrolls curtailed the dollar’s rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
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The Swiss franc is higher for a third straight trading day. In the European session, USD/CHF is currently trading at 0.9038, down 0.09% on the day. Soft CPI cements SNB rate cut Switzerland’s inflation rate continues to fall and that is raising concerns at the Swiss National Bank. Other central banks are worried about the…
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US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week. Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing. French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro. EUR/USD edges lower on Friday, late…
The EURUSD price confirmed breaking 1.0940$ level after closing the daily candlestick below it, to support the continuation of the bearish trend and open the way to achieve more negative targets in the upcoming period, as we are waiting to visit 1.0880$ followed by 1.0780$ levels as next main…
Dollar Up Against Yen and Canadian Dollar but Flat Relative to Euro and Sterling October 11, 2024 Yesterday’s U.S. CPI report delivered mixed news, so investors seek further reassurance from today’s producer price inflation due today and projected to dip modestly on both a month-on-month and year-on-year basis. Overnight trading saw the dollar advance 0.4%…
Unexpected correlations in FX are often hidden beneath the surface of daily market moves. Traders usually focus on interest rates, GDP releases, or central bank policies. However, the real drivers can sometimes be weather patterns, commodity prices, or even shipping costs. Understanding these unusual forex market drivers is essential for anyone looking to anticipate sharp…