The US Dollar traded with a tepid downside bias amid lower yields and further investors’ assessment of Wednesday’s hawkish hold by the Federal Reserve, while the release of Friday’s PCE also prompted some caution. Here is what you need to know on Friday, January 31: The US Dollar Index (DXY) remained inconclusive below the 108.00…
Traders respond to fresh tariffs comments from President Trump, overshadowing improved investor sentiment in equities. The Federal Reserve’s data-dependent stance remains intact, with market consensus leaning toward a possible June rate cut. Bond yields hover around 4.60%, a sharp reduction from last week’s highs, reflecting changing risk appetite. US economic outperformance persists, yet abrupt policy…
Here is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs. China’s economy expanded by 5.4% in the fourth quarter of 2024, exceeding the market’s expectation of…
EUR/USD slumps to near 1.0200 as the US Dollar remains firm on expectations that the Fed will cut interest rates only once this year. Traders pare Fed dovish bets after upbeat US NFP data for December. ECB’s Lane supports more rate cuts to ensure the Eurozone doesn’t grow too slowly. EUR/USD slides to a fresh…
The Pound Sterling trades weakly against its major peers as analysts at Goldman Sachs expect the BoE to deliver four interest rate cuts this year. The US Dollar trades close to a fresh two-year high as the Fed is expected to reduce interest rates less than previously anticipated this year. Investors await an array of…
XAU/USD is holding north of $2,600/ounce, but topside momentum remains limited. Another spat of risk-off market sentiment pushed Gold higher on the year-end market session. Global markets will largely be shuttered on Wednesday for the New Year’s holiday. XAU/USD caught a bid on a quiet Tuesday, rising back into $2,625.00 per ounce after taking a…
The US Dollar trades stable in very calm holiday trading on Friday. Monthly Industrial Production in Japan fell by 2.3%, less than the expected 3.5%, while big Chinese manufacturers also reported falling profits. The US Dollar Index (DXY) briefly slipt below 108.00, remains close to a two-year high. The US Dollar (USD) is trading a…
DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit…
Middle East geopolitical tensions mount as the 15-year-long civil war in Syria took a new turn over the weekend after Syrian rebels seized control and ousted the old autocratic leader, President Bashar al-Assad, after seizing control of Damascus on Sunday. Reuters reported that Russia has given asylum to Bashar al-Assad and his family after the…
DXY trended higher toward 106.00 on Friday. November’s NFP report showed a large beat on job creation. Sentiment data from December came in strong. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, gained toward 106.00 on Friday, driven by several key movers. The US Dollar remained…