Australian monthly CPI (February) 3.4% y/y (vs. 3.5% expected)
A better result, matching January and lower than the estimate. 3.4% y/y in February expected 3.5%, prior 3.4% – The ‘core’ Trimmed Mean reading is 3.9% y/y, up from 3.8%…
Read More »FX stays rather muted so far on the day
You can always get a sense of what a lull it is when EUR/USD is trading within a 10 pips range on the day. The dollar was slightly softer in…
Read More »Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible
The price of gold has pushed higher today after last Thursday’s sharp sell-off. Sentiment remains positive and a new ATH is not too far away.
Read More »USD/CAD remains in the negative territory after paring losses, trades around 1.3580
USD/CAD trims intraday losses but remains in the negative zone, which could be attributed to an improved US Dollar (USD).
Read More »Dow Jones Industrial Average ends Friday on the low side of 39,500, sheds 300 points on the day
The Dow Jones Industrial Average (DJIA) is testing into the low side around half a percent as US equities drift in multiple directions on Friday.
Read More »US Dollar closes its second straight winning week as markets prepare for PCE data
The US Dollar Index (DXY) is currently trading at a robust 104.428, marking the highest level since mid-February.
Read More »Goldman Sachs has raised its forecast for USD/JPY to 155 (from 145) (3 month horizon)
Goldman Sachs forecasts for USD/JPY: 3 months 155 (the prior forecast for 3 months out was 145) 6 months 150 (prior 142) 12 months 145 (prior 140) These are from…
Read More »US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
This article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on…
Read More »Gold fails to capitalize on falling yields amidst US Dollar rebound
Gold prices drop for the second consecutive day on Friday after hitting an all-time high of $2,223 on Thursday.
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