This is what you need to know to trade today tuesday july 19: After Monday’s poor performance, the dollar continues to weaken against its main rivals on tuesdaywith the DXY dollar index moving lower towards 107.00 at the start of the European session. Eurostat will publish its final revision of June inflation data. Later, market […]
Tag: macroeconomics
NZD/USD hovers around 0.6150 despite high New Zealand inflation
NZ Inflation Beat RBNZ & Economists Expectations, Will Bank Hike 75bps? Sentiment changed mixed following Apple’s report that hiring will slow, reigniting concerns about the US recession among investors. ANZ Bank expects the RBNZ overnight rate (OCR) to end at 4% instead of 3.5%. The NZD/USD It barely posted any gains on Monday, thanks to […]
EUR/USD buyers outperform sellers and the pair hits a fresh 11-day high near 1.0200
EURUSD starts a crucial week on the right foot, rising 0.82%. EUR/USD traders are keeping an eye on the EU inflation data and the ECB’s monetary policy decision. The EUR/USD extended gains to two straight days after hitting a new 20-year low below par. Since then, the EURUSD pair has not looked back and hit […]
USD/CAD at new daily lows below 1.2900
USD/CAD was down nearly 0.80% on Monday due to a risk-on environment, US dollar weakness and elevated oil prices. Last week’s data on US inflation, mainly core CPI, eased fears of a 100 basis point Fed rate hike, as most policymakers opposed it. Inflation and Canadian retail sales would shed some light on the BoC’s […]
Forex Today: Dollar remains defensive as sentiment improves
This is what you need to know to trade today monday july 18: The markets are still risk positive at the beginning of the week and the dollar has a hard time finding demand. The DXY dollar index, which lost 0.6% on Friday, remains lower at the start of the European session, with US stock […]
Silver Forecast: XAG/USD trims losses but will end the week below $19.00
Silver rises and trims some of its weekly losses, but not enough to finish the week higher; loses 3.37% in the week. The University of Michigan inflation expectations are tempered from around 3.1% to 2.8%; San Francisco Fed President Daly took notice. Money market futures illustrate that traders expect a 75 basis point Fed rate […]
USD/CAD pulls away from weekly highs and ends the week below 1.3050
USD/CAD will end the week with solid gains of 0.76% after a volatile week. Positive US retail sales and UoM consumer sentiment eased the Fed’s intentions for a hike of more than 75 basis points. USD/CAD Price Analysis: A daily close below 1.3076 could pave the way for a correction to 1.2930. The USD/CAD extends […]
USA: The GDP of the Atlanta Fed for the second quarter decreases to -1.5%.
According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to contract 1.5% in the second quarter, down from the July 8 forecast of -1.2%. “Following recent releases from the US Bureau of Labor Statistics, the US Census Bureau, the Federal Reserve Board of Governors, and the US Treasury Department’s […]
US: UOM consumer confidence index improves to 51.1 in July, vs. 49.9 expected
The UOM consumer confidence index rose slightly in early July. The US dollar index is moving lower towards 108.00. The University of Michigan Consumer Confidence Index it improved slightly in early July to 51.5 in July’s flash estimate, up from 50 in June. This data was slightly better than market expectations of 49.9. As a […]
Forex Today: Investors Reassess Fed Rate Outlook, Focus on Key US Data
This is what you need to know to trade today friday july 15: The dollar’s rally, fueled by Wednesday’s inflation data, extended on Thursday with the DXY dollar index hitting its highest level in nearly two decades at 109.29. Nevertheless, dovish comments from the Fed made the dollar lose interest ahead of key US retail […]
