Fundamental Overview The USD finished last week at the lows despite the lack of meaningful catalysts. Overall, it just maintained the bearish bias triggered by Powell’s dovish tilt at the Jackson Hole Symposium. This week, traders will be focused on the US labour market data, culminating in the NFP report on Friday. In fact, the…
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Fundamental Overview The USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich final Consumer Sentiment and this a weak US Consumer Confidence report on…
Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller delivered some surprisingly dovish comments saying…