Dollar dips lower on trade uncertainty; euro set for weekly gains

Dollar dips lower on trade uncertainty; euro set for weekly gains
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Dollar dips lower on trade uncertainty; euro set for weekly gains
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As the chart shows, XAU/USD climbed above the $4,000 mark today, a move likely driven by: → Weakness in the US dollar index – or a pullback from the resistance level discussed in yesterday’s DXY analysis. → Concerns over the ongoing US government shutdown – according to media reports, one consequence has been that American…
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Investors were biting their nails ahead of the highly-anticipated U.S. CPI release, leading to plenty of market consolidation before big breakouts were seen. Headline inflation came in line with consensus, but the core CPI showed moderating price pressures enough to keep most market players hopeful for more Fed rate cuts. Take a look at the…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on September 9th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…
Highlights include US NFP, ISM PMIs, ECB, BoC, EZ CPI, Canada Jobs, Swiss CPI and Aussie GDP Newsquawk Week Ahead Highlights for June 2nd – June 6th MON: Swiss GDP (Q1), EZ/UK/US Final Manufacturing PMI (May), US ISM Manufacturing PMI (May) TUE: RBA Minutes, South Korean Election, South Korean CPI (May), Swiss CPI…