USD / CAD resumes its decline as the WTI rally offsets the USD rebound. Cautious sentiment amid inflation concerns fuels the USD. The focus shifts to Canadian retail sales and Fed speeches for fresh momentum. The pair USD / CAD is breaking down its consolidation mode at the start of the European session on Friday, […]
Tag: Index Dollar
Forex Today – Asian Session: Dollar Falls Amid Increased Profit Taking, Lira Continues
What you need to know on Friday, November 19: The dollar index’s pullback from the 16-month highs it touched earlier in the week continued on Thursday, with the index falling back towards 95.50 before the start of the Asian session. Other solid US data in the form of initial weekly jobless claims that fell to […]
US Dollar DXY Index Extends Drop to 95.70 Ahead of Data
The DXY index extends Wednesday’s losses around 95.70. US 10-year yields extend the decline and trade close to 1.58%. Initial jobless claims, the Philadelphia Fed Manufacturing Index, and various Fed speeches feature prominently on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Points lower towards 1.1250 within a possible bearish flag
EUR / USD resumes declines to 16-month lows at 1.1264. Bearish flag detected on the 4-hour chart, awaiting confirmation to extend the decline. The RSI has rebounded from the oversold region, supporting the negative bias. The EUR / USD pair is moving in a tight range above 1.1300, having halted its recovery from 16-month lows […]
AUD / USD descends to new lows of the cycle
AUD / USD extends losses despite a decline in the US dollar. The dovish RBA finally kicks in and sends the AUD off a cliff. The AUD/USD It has fallen to new lows of the cycle to reach the 0.7260 level, descending from a high of 0.7305. The perfect storm came this week with a […]
Forex Today – Asian Session: The Yen and Pound Are Winners As the Dollar Takes a Breath and the Lira Falls Again
What you need to know on Thursday, November 18: The recent rally in the US dollar lost steam on Wednesday, and the DXY fell back to 95.80 at the end of the US session, having touched new 16-month highs at 96.26 in early Asian session trading. The White House said the final decision on the […]
USD / JPY points to the important resistance at the 115.00 level
USD / JPY investors will look for a boost from Japan’s national CPI data on Thursday. The US dollar remains bullish, economic data released on Tuesday beat expectations. USD / JPY strengthens on a positive outlook, pointing towards higher resistance at 115.00. The pair USD / JPY is consolidating just below the 115.00 level, at […]
Yellen extends the deadline for a possible government default to December 15
The United States Secretary of the Treasury, Janet Yellen, offered some comfort to the market late on Tuesday after it announced an extension of the deadline for a possible default of the US government until December 15 from December 3. Term extended would give Congress more time to raise the federal debt ceiling. Yellen told […]
The dollar reaches overbought conditions, still positioned to advance
What you need to know on Wednesday, November 17: The dollar strengthened against most major rivals, reaching new 2021 highs against the shared currency. The dollar was partially supported by a bad market mood, then by upbeat data from the United States. The macroeconomic calendar was a bit busier on Tuesday. The UK released employment […]
WTI defends $ 80.00 level despite growing concerns
WTI rebounded from a previous drop below $ 80.00 and is now trading sideways approaching $ 81.00. Some commodity strategists argued that speculation about the United States turning to the SPR was overblown. The previous month’s futures for the US benchmark for light sweet crude oil, West Texas Intermediary or WTI, They ignored initial selling […]
