What you need to know on Friday, September 3: The dollar remained under selling pressure as unimpressive US employment data anticipates a weak nonfarm payroll report, pushing away the announcement of a gradual decline in the US. The country added 750,000 new jobs in August, while the Unemployment Rate is forecast at 5.2%, better than […]
Tag: Cryptocurrencies
Forex Today – Asian Session: The Dollar Lowers As US Employment Data Chilled Downward Hopes
What you need to know on Thursday, September 2: The dollar came under strong selling pressure due to poor employment data from the United States. The country released the ADP survey, which showed that the private sector added just 374,000 new jobs in August, far worse than the 613,000 expected, while the July figure was […]
Forex Today – Asian Session: The dollar’s modest recovery does not change the picture
What you need to know on Wednesday, September 1: The dollar extended its slide during the first half of the day, hitting a new multi-week low against most major rivals, mainly high-yielding ones. The greenback subsequently rallied before the daily close, helped by profit taking and month-end flows. However, it is still one of the […]
Forex Today – Asian Session: Dollar Remains Weak Despite Investors Growing Cautious
What you need to know on Tuesday, August 31: The week started in slow motion amid a UK holiday and a slim macroeconomic calendar. Speculative interest has already taken in the dovish stance of Federal Reserve Chairman Jerome Powell, and attention has turned to US employment data to be released later in the week. The […]
Forex Today – Asian session: The dollar wins due to the renewed speculation of the reduction
What you need to know on Friday, August 27: The dollar ended the day with modest gains against most major rivals. Geopolitical tensions in Afghanistan and comments from the Fed’s Robert Kaplan, who said September would be the time to outline the cut and start in October, were behind the drop. James Bullard, another member […]
Forex Today – Asian Session: Dollar Weaken As Investors Wait For Powell
What you need to know on Thursday, August 26: The dollar balanced between gains and losses, but resumed its slide during US trading hours to hit new weekly lows against most high-yielding rivals. Wall Street rebounded and the S&P 500 hit new all-time highs. Yields on US Treasuries also moved, with the 10-year yield reaching […]
Forex Today – Asian Session: The Dollar Lowers As Investors Wait For Jackson Hole
What you need to know on Tuesday, August 24: The dollar was down against all of its major rivals as stocks regained their luster. The coronavirus situation in the US appears to have worsened, which in turn, would mean continued financial support from the US Federal Reserve. Wall Street posted substantial gains, while US Treasury […]
Forex Today – Asian Session: The Dollar Strengthens Further As Investors Shun High Yield Assets
What you need to know on Friday, August 20: Substantial demand for safety pushed the USD higher against most major rivals, with EUR / USD and AUD / USD falling to new 2021 lows. The USD / CAD pair is trading at its highest since January, while GBP / USD is at new August lows. […]
Forex Today – Asian Session: The Dollar Keeps Running On Fears
What you need to know on Wednesday, August 18: The dollar rallied on the back of risk aversion, exacerbated by dismal US data. Retail sales in the country fell 1.1% in July, much worse than expected. Stocks tumbled, although government bond yields posted modest intraday declines. Commodity-linked currencies were the worst performers, with AUD / […]
Forex Today – Asian Session: Fears at the Beginning of the Week
What you need to know on Tuesday, August 17: The dollar posted uneven gains against high-yielding rivals but declined against safe-havens as risk aversion dominated financial markets earlier in the week. Disappointing Chinese data, tensions in the Middle East, the spread of the Delta coronavirus variant in the US, and soft macroeconomic data, were behind […]
