Dollar falls to four-month low on economic growth concerns

Dollar falls to four-month low on economic growth concerns
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Dollar falls to four-month low on economic growth concerns
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The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of…
The Super Trend and Fibo Pivots Forex Trading Strategy is a highly versatile approach that combines the power of trend-following indicators with the precision of Fibonacci-based pivot levels. This strategy is designed to help traders identify high-probability trading opportunities by leveraging the strengths of two widely respected technical tools. The Super Trend indicator excels at…
This week, Cboe Clear Europe has launched its first central clearing service for European Securities Financing Transactions (SFTs) in cash equities and exchange-traded funds (ETFs). The move is aimed at enhancing capital efficiency and post-trade processing. The first trades cleared under the new service involved Natixis Corporate & Investment Banking as a Principal Lender and…
The USDCAD sellers had a shot earlier this week with breaks outside an up-and-down “Red Box” to the downside. The first move was on Monday. The 2nd on Tuesday. Each failed on the break The sellers had their shot. They missed. The price rise saw the pair’s price move above the 100 and 200 hour…
The US Dollar Index trades lower near 108.30 as market sentiment remains cautious. Trump confirms 25% tariffs on steel and aluminum imports but provides no clear implementation timeline. Investors await Powell’s testimony for further clues on the Federal Reserve’s policy outlook. US CPI data from January is also due this week. The US Dollar Index…
EUR/USD started a fresh decline from 1.1200. USD/JPY is correcting gains and might test the 144.15 support in the near term. Important Takeaways for EUR/USD and USD/JPY Analysis Today · The Euro started a fresh decline below the 1.1150 support. · There is a key bearish trend line forming with resistance at 1.1055 on the…