Dollar Strengthening August 28, 2024 The weighted DXY index of the dollar recorded a larger than usual 0.6% advance today, with gains of 0.7% versus the euro, 0.5% against the yen, 0.4% relative to sterling, and 0.3% against the Swiss franc, kiwi, and Aussie dollar. Investors eagerly await the next significantly clue, which will be…
By JustMarkets At Tuesday’s close, the Dow Jones (US30) Index was up 0.02%, while the S&P 500 (US500) Index was up 0.16%. The NASDAQ Technology Index (US100) closed positive 0.16%. The Fed will almost certainly cut rates on September 18, which Powell signaled in Jackson Hole and which other officials have since effectively confirmed. The only questions now are whether the easing cycle…
By RoboForex Analytical Department The NZD/USD pair has climbed to the highest level since 15 January 2024, continuing its trajectory within an ascending channel towards a target of 0.6233. The New Zealand dollar’s growth is primarily fuelled by the weakening US dollar, mirroring trends observed with other currencies such as the AUD and CAD. Investor…
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Eurozone CPI: Confirming the Rate Cut? – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline. Most Read: S&P 500, Nasdaq 100…
The end of last week was quite unfavourable for the US dollar. Following the Jackson Hole symposium, where Jerome Powell confirmed the Fed’s readiness to start lowering the base interest rate, the dollar sharply declined across the board. The USD/CAD pair dropped below 1.3600, GBP/USD reached new 2023 highs at 1.3140, and EUR/USD buyers managed…
On Tuesday, the dollar index retreated to a new weekly low at 100.51 Dollar index chart analysis On Tuesday, the dollar index retreated to a new weekly low at 100.51. During this morning’s Asian trading session, the index initiated a bullish consolidation that is still active. The dollar recovered to 101.00 and received support…
Today, the Australian Bureau of Statistics released the Consumer Price Index (CPI) figures. According to ForexFactory, the actual annual inflation rate was 3.5% (expected = 3.4%, previous = 3.8%). In other words, inflation in Australia is declining, but not at the pace that might have been hoped for. The initial reaction to the news was…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! EURNZD short term forecast update and follow up is here. On August 14th, 2024 I shared this “EURNZD Short Term Forecast And Technical Analysis” post in our blog. In this post, let’s do a…