The Australian dollar falls to the mercy of a US central bank seeking to reduce its balance sheet. Initial jobless claims in the United States rose more than expected, but remain at a five-decade lows. AUD / USD Technical Outlook: The pair has a bearish bias and could soon test the 0.7100 level. In the […]
Tag: Macroeconomy
Yields rise on optimistic FOMC outlook, dollar gains strength again
This is what you need to know to trade today Thursday 6 January: The dollar suffered losses against its main rivals during the first half of Wednesday, but made a sharp U-turn in the US session yesterday with rising US Treasury yields. The DXY dollar index continues to rise at the beginning of the European […]
USD / CAD is trading sideways just above the 1.2700 level ahead of FOMC Minutes
USD / CAD traded indecisively on Wednesday and is one of the worst performers of the G10 despite higher oil prices. Figures from the US ADP report and mixed housing data from Canada were ignored, the focus of the markets is on the Fed Minutes. The USD / CAD It has traded indecisively so far […]
EUR / USD returns above 1.1300, unfazed by US ADP report / aggressive statements from ECB
EUR / USD is rising in recent trading, unfazed by hot US ADP numbers and helped by aggressive language from the ECB. The pair is up more than 0.3% or roughly 40 pips at 1.1320. The EUR/USD has moved higher in recent trading, unfazed by a massive hit on expectations from the latest US ADP […]
Markets turn cautious as focus shifts to FOMC minutes
This is what you need to know to trade today Wednesday, January 5: The American dollar He gathered strength against his rivals during the first half of Tuesday, but lost his momentum during the American session. Risk-off sentiment sent US Treasury yields down and the DXY dollar index moved away from the two-week high it […]
EUR / USD consolidates around 1.1290
The single currency fell for the second day in a row, down 0.04%. US Treasury yields extend their weekly rally, closing 10 years to the 1.70% level. EUR / USD is biased to the downside in the near term, as the bullish move stalled around the 50, 100 and 200 hourly SMA, retreating below 1.1300. […]
The DXY falls back towards 96.00
The DXY has fallen back near the 96.00 level on the back of the latest US data, cutting back on initial gains. The latest ISM manufacturing PMI report fell to 58.7 in December from 61.1 driven by a drop in prices paid. The DXY has plunged into negative territory on the day in recent trading […]
GBP / USD advances firmly above 1.3500 amid market optimism
The pound sterling cuts Monday’s losses, up 0.40%. The US dollar index is advancing for the second day in a row in 2022, but fails to lift the dollar against the pound. Yields on US Treasuries are climbing steadily towards the 1.70% level. GBP / USD is sloping to the downside and will face strong […]
ISM Manufacturing PMI falls to 58.7 in December from 60.0 expected
According to a survey compiled by the Institute of Supply Management, the US manufacturing PMI. it fell to 58.7 in December from 61.1 in November. That was lower than the expected reading of 60.0 and was the lowest reading since January 2021, when it also hit 58.7. In terms of the sub-indices, in a good […]
NZD / USD cannot reach the 0.6800 level ahead of US data as US economic optimism rises and yields rise
The NZD / USD has failed to recover 0.6800 ahead of the US data, with the DMA of 21 at 0.6788 acting as a magnet. The pair risks incurring further losses if optimism about the US economic outlook / Fed tightening outlook continues to rise. The failure of NZD / USD to regain 0.6800 despite […]
