Joshua

EUR/USD extends bullish momentum above 1.0500. The June high beyond 1.0600 is now shaping up as the next target. The EUR/USD It trades on a firm footing and breaks above the 1.0500 barrier to hit fresh multi-month highs on Thursday. The pair’s gains are likely to rally after the breakout of the 200-day SMA and […]

The Federal Reserve (Fed) Governor Michelle Bowmannoted Thursday that Headline and core inflation have slowed slightly, but he added that they remain unacceptably highas reported by Reuters. Featured Statements “I hope that keep increasing rate hikes in upcoming meetings“. “We still have a lot of work to do, but it is appropriate that we slow […]

The EUR/USD picks up more strength and breaks above the 1.0500 level. The dollar continues to offer and trades at multi-week lows. The US ISM Manufacturing is next on the calendar. The EUR/USD extends bullish momentum to hit fresh multi-week highs at 1.0500 on Thursday. EUR/USD attentive to the US ISM EUR/USD looks strong and […]

Gold rose after Fed Chairman Jerome Powell indicated the Fed will slow the pace of interest rate hikes next month. However, the TD Securities strategists expect the yellow metal to decline in the first quarter of next year. There remain considerable risks of a further tightening of policy “Fed Chairman Jerome Powell has signaled that […]

Eurozone inflation for November surprised to the downside, but the data failed to move EUR/USD significantly. The Commerzbank economists expect the pair to hold at current levels for now. The ECB is likely to continue moving in step with the Fed “The inflation data is likely to be enough for the ECB board doves to […]

The index remains defensive and breaks below 105.00. The continuation of the downward trend could take it to the lows of August. The US Dollar Index (DXY) extends the lower leg to the area below the 105.00 level for the first time since mid-August. Continued selling pressure could encourage the dollar to give up more […]

This is what you need to know to trade today, Thursday, December 1: December is already here, and this must be the time of Santa’s recovery. Santa arrived early Wednesday in the form of one Jerome Powell, delivering a parting gift. The Fed chair started off in a relatively grinch tone when talking about a […]

The US dollar has continued to trade at weaker levels after falling sharply following Fed Chairman Powell’s speech. MUFG Bank economists report that a strong Nonfarm Payrolls report is needed to reverse the dollar’s slide. Financial conditions continue to ease “The lack of a strong pullback against the easing of financial conditions has given market […]

The EUR/USD holds yesterday’s gains and looks set to test levels above 1.05, report Scotiabank economists. “Fed Spike” Prices Will Put More Pressure on the Dollar “We think strong returns in European stocks relative to US markets will help keep the euro propped up in the near term, while ‘Fed Peak’ pricing will put more […]

Initial claims for unemployment benefits fall to 225,000 against the 235,000 expected. Continuing orders rise for the seventh week in a row, to new highs since March. The dollar falls after the report of personal income and spending. The Department of Labor reported that the initial claims for unemployment benefits fell by 16,000 in the […]