This is what you need to know to trade today Friday, December 24: After closing the first three days of the week in negative territory, the US Dollar Index stabilized above 96.00 after US data showed that core PCE inflation rose at a stronger-than-average pace. expected in November. The major financial markets will be closed […]
Tag: Macroeconomy
GBP / USD retreats from monthly highs to 1.3400 after a series of strong macroeconomic data from the US.
GBP / USD has fallen from monthly highs near 1.3440 touched earlier in the session and is trading around 1.3400. Strong US data has weighed on the pair recently after the UK’s Omicron news earlier in the session supported the British pound. The GBP/USD it has pulled back a bit in recent trading from the […]
Dollar settlement takes a break before PCE inflation data
This is what you need to know to trade today Thursday, December 23: The dollar continued to suffer losses against its main rivals on Wednesday and risk flows remained in control of financial markets. Later in the session, the US will release data from the Personal Consumption Expenditure (PCE) Price Index for November, the Fed’s […]
GBP / USD moves firmly towards 1.3350
The British pound is firmly up 0.60% on the day. Optimistic market sentiment and increased demand for risk-sensitive currencies like the GBP weigh on the US dollar. US consumer confidence improving at the fastest pace since July, GBP / USD gaining the most after the release. GBP / USD Technical Outlook: Targeting higher in the […]
XAU / USD limited in range around $ 1788-1795
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Gold is flat at the end of the New York session amid higher yields on US Treasuries. XAU / USD Technical Outlook: Neutral-bearish, unless gold bulls hit $ 1800. Gold (XAU / USD) has moderated during the New York session, trading above $ 1788 at time of writing. The appetite for riskier assets fueled by […]
NZD / USD cuts Monday’s losses and is steady around 0.6750
The NZD / USD is moving higher on Tuesday, up 0.52%. Better market sentiment keeps risk-sensitive currencies in supply to the detriment of the US dollar. NZD / USD Technical Outlook: Bearish trend, but bullish in the short term. After spreading its losses for two consecutive days, the New Zealand dollar is advancing in the […]
Major currencies fluctuate in familiar ranges as risk sentiment improves
This is what you need to know to trade today Tuesday, December 21: The US dollar capped its losses against its main rivals amid rising Treasury yields late Monday and appears to have entered a consolidation phase early Tuesday morning with the US Dollar DXY index moving sideways around from 96.50. November Canadian retail sales […]
AUD / USD bears target 0.7100 as yields rise amid risk aversion
The Australian dollar falls as the Wall Street session draws to a close, down 0.14%. Yield on 10-year US Treasuries returns to 1.40% threshold, dollar bolsters. AUD / USD Technical Outlook: Biased to the downside, although upside risks persist. During the American session, the AUD/USD it is trading lower, trading at 0.7111 at the time […]
The US dollar index remains stable above 96.30
-637756187254922205.png "The US dollar index remains stable above 96.30")
The US dollar index falls 0.21% as US bond yields decline. The yield on 10-year US Treasuries lost about 2 bps to 1,388%. The US Dollar Index, also know as DXY, which measures the performance of the dollar against a basket of six rivals, falls 0.33%, settling at 96.48 during the American session at the […]
GBP / USD recovers to the 1.3200 level as US Treasury yields decline.
GBP / USD is trading at 1.3225 at the time of writing. UK Brexit chief negotiator David Frost unexpectedly resigned on Saturday amid negotiations. Domestic political troubles in the US are fueling some USD weakness as Democratic Senator Munching backed off in support of US President Biden’s agenda. The British pound trimmed previous losses by […]
