CIBC monthly FX outlook: Why the US dollar selloff is likely over

Daily Pivots: (S1) 211.69; (P) 212.29; (R1) 213.28; More… Immediate focus is back on 214.83 as GBP/JPY’s rebound accelerates higher. Firm break there will resume larger up trend to 220.90 projection level next. Rejection by 214.83 will bring more consolidations first. But in case of another dip, downside should be contained by 55 D EMA…

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The US dollar is retreating from recent highs, moving into a moderate correction after a prolonged period of gains. Pressure on the currency is building amid weaker-than-expected macroeconomic data, while market participants adopt a wait-and-see approach ahead of key labour market releases, including the ADP report. The current dynamics reflect a gradual cooling in expectations…

2024.10.08 2024.10.08 Gold Retreats as Hopes for Big Fed Cut Fade. Forecast as of 08.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The availability of inexpensive liquidity from the Fed and other central banks has influenced the perception of gold as an investment vehicle. Previously, gold was purchased as a means of diversifying investment portfolios. The recent rally in the…

Forex Impact of US Supreme Court Tariff Ruling | Orbex XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link