What you need to know on Friday, October 29: The dollar tumbled after two top-tier events, ending the day with a sharp decline in all currency markets. The preliminary estimate of the Gross Domestic Product for the third quarter rose a modest 2%, disappointing expectations. Wall Street rebounded from Wednesday’s slide as low growth points […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Tensions rise as central banks take center stage
What you need to know on Wednesday, October 27: The US dollar ended the day on a mixed basis, particularly stronger against its European rivals. EUR / USD is at the lower end of its weekly range, trading in the 1.1590 price zone, while GBP / USD has hovered around 1.3760, which receives additional pressure […]
Forex Today – Asian Session: Dollar Ready to Resume Advance
What you need to know on Friday, October 22: The risk faded on Thursday, and the dollar made the most of it. The US currency appreciated against most major rivals, except the CHF and JPY, which are safe havens. There was no particular catalyst behind the sad feeling, although renewed concern about inflation may be […]
Forex Today – Asian Session: Risk Appetite Presses Dollar
What you need to know on Thursday, October 21: The dollar remained under selling pressure and lost ground against all its main rivals, including the considered safe haven. The US dollar enjoyed some temporary demand at the start of the European session, as US government bond yields jumped to new multi-month highs, with the 10-year […]
Forex Today – Asian Session: Risk Appetite Drives Returns As Investors Fight For A Catalyst
What you need to know on Wednesday, October 20: The US dollar fell slightly against high-yielding rivals and remained sideways against those considered safe havens as market sentiment improved somewhat. Global indices closed higher, with speculative interest ignoring tepid macroeconomic figures. The EUR / USD pair hit a three-week high of 1.1669, but ended the […]
Forex Today – Asian Session: Risk Related Sentiment Tilts Lower
What you need to know on Tuesday, October 19: The dollar lost some ground on Monday, although it ended the day mixed across all currency markets and within familiar levels. A tight macroeconomic calendar keeps investors dependent on directional sentiment, the latter tracking US government bond yields. Speaking of which, the 10-year US Treasury yield […]
Forex Today – Asian Session: Dollar Pressed By Weaker Yields
What you need to know on Friday, October 15: As Treasury yields remained at the lower end of the weekly range, the dollar remained weak. The 10-year US Treasury yield bottomed out at 1,507%, ending the day close. As for the dollar, it managed to post a modest intraday advance against the euro and the […]
The selling of the dollar stops with the recovery of the yields, focus on US data.
This is what you need to know to trade today Thursday October 14: Fluctuations in U.S. Treasury yields continue to drive the dollar’s valuation and the overall market mood remains cautiously upbeat on Thursday. The greenback is consolidating Wednesday’s losses as the focus shifts to US mid-level data releases: weekly jobless claims and September’s producer […]
Forex Today – Asian Session: Falling Yields Causes a Dollar Sell-off
What you need to know on Thursday, October 14: Dollar sell-off on Wednesday was dragged lower by falling US Treasury yields.The market mood was grim for most of the day, with Asian indices closing in the red afterwards. from a mixed Chinese trade balance, which posted a surplus of $ 66.76 billion, much better than […]
Cautious Mood Lingers Ahead of US Inflation and FOMC Minutes
This is what you need to know to trade today Wednesday, October 13: Major currency pairs remained within familiar ranges on Tuesday as investors remained on the sidelines awaiting high-impact data releases. Cold market sentiment made it difficult for risk-sensitive assets to find demand, but falling US Treasury yields weighed on the dollar. The US […]
