GBP/USD is sideways in a dovish session as investors brace for the US inflation report. Risk-sensitive currencies rise, while the dollar falls 0.13% against its peers. GBP/USD Technical Outlook: Neutral bias unless GBP bulls retake the 100 DMA at 1.3700. The British pound remains subdued on Wednesday during the American session, rising as much as […]
Tag: Macroeconomy
AUD/USD rises steadily towards 0.7200 ahead of US inflation report.
The Australian dollar dominates the week against the greenback, reaffirming its neutral bias to the upside. The economic docket will feature Fed members making statements throughout the day as traders prepare for the US CPI. AUD/USD Technical Outlook: The pair has a neutral bias unless it retraces the 100-day DMA at 0.7248. The AUD/USD gets […]
Markets calm down, focus on US 10-year bond auction.
This is what you need to know to trade today Wednesday February 9: Major currency pairs continue to trade in relatively tight ranges mid-week amid a lack of high-level data releases and fundamental drivers. The US dollar index is trading sideways near 95.50 after posting small gains on Tuesday and investors await the 10-year US […]
The dollar gains traction on rising US Treasury yields.
This is what you need to know to trade today tuesday february 8: The yield on the 10-year US Treasury bond continues its march towards the key 2% mark in the early hours of Tuesday, helping the dollar preserve its strength against its main rivals. December Trade Balance data, NIFB Business Optimism Index and IBD/TIPP […]
EUR/USD pulls back from daily highs towards 1.1420 after ECB’s Lagarde appears in EU Parliament
On Monday, the shared currency loses 0.24% after the ECB’s Lagarde comments. A positive market mood keeps the euro underperforming on the wrong foot, while the dollar advanced modestly. If the EUR/USD makes a daily close below the 100 DMA, it would add more downward pressure on the pair. On Monday, the EUR/USD cut Friday’s […]
The dollar maintains its balance after the rebound inspired by the NFP
This is what you need to know to trade today monday february 7: The dollar remains resilient against its rivals at the start of the week after Friday’s rally, which was boosted by the upbeat US jobs report for January. There will be no high-level macroeconomic data releases on Monday and major currency pairs are […]
AUD/USD rises firmly above 0.7150 ahead of US NFP report.
The Australian dollar advances strongly on the week, rising 2.29%. The market sentiment of the FX complex is mixed, led by the EUR and antipodeans. AUD/USD has a bias to the downside, although there is an advantage towards the 20-DMA at 0.7252. The AUD it extends its weekly gains on Thursday and is trading at […]
Dollar Selling Loses Strength Ahead of EU Inflation and ADP Jobs Data
This is what you need to know to trade today Wednesday February 2: The US dollar continued to weaken against its rivals on Tuesday and the DXY index erased a large part of the previous week’s gains. Risk-positive sentiment in the market made it difficult for the dollar to find demand and the benchmark 10-year […]
USD/JPY jumps 30 pips from daily lows to 114.80 after positive US data.
The USD continues to lose against the Japanese Yen. The US ISM PMI manufacturing price index jumped to 78.1 from 68.1. USD/JPY is biased to the upside, despite a 1% drop since Friday of last week. During the American session, the USD/JPY extends its losses to three days, losing 0.26%. At press time, the pair […]
JOLTS job openings rise to 10.925 million in December vs. expected drop to 10.3 million
There were 10.925 million job openings in the US at the end of December, more than the 10.3 million expected. The data reinforces the narrative that labor demand in the US is currently very strong. The number of job openings on the last business day of December rose to 10.925 million, the US Bureau of […]
