Markets drift ahead of US data and the ECB meeting
Overnight Headlines *US stocks sold off late on, backing away from record highs *USD slid modestly lower closing below 94 *The BoJ left policies unchanged, cutting growth and inflation forecasts…
Read More »Risk momentum a key driver of current sentiment
Overnight Headlines *US stocks hit fresh record highs, tech led the way *USD was mixed but closed higher as EUR faltered *Gold broke above $1800 and 200-day SMA again *Tesla…
Read More »Markets cautious ahead of a busy week
Overnight Headlines *US stocks closed mostly lower Friday, weighed by Powell comments *USD turned modestly weaker against its peers, except versus GBP *Oil settled higher for a seventh consecutive week…
Read More »US Dollar Forecast: Turning Point Reached? USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar might be stabilizing against ASEAN currencies as inflationary woes resurface ahead of GDP and PCE data. Amazon, Apple and Facebook earnings may also drive sentiment ahead.
Read More »US Dollar Index Price Analysis: 94.00 becomes a tough nut to crack for DXY bulls
US Dollar Index (DXY) bulls pause around 93.75 after the strongest up-move in over a week. That being said, the greenback gauge seesaws in a choppy ra
Read More »Gold Price Forecast: XAU/USD bulls under pressure, but stagflation risks should underpin
The price of gold on Friday plummetted following signs that the US economy may not be declining at a rate that could spark stagflation in 2022. Data a
Read More »ForexLive Americas FX news wrap: Never underestimate the US consumer
Forex news for North American trade on October 15, 2021: Markets: The US retail sales report was a strong surprise but the market reaction was minimal. Later, flows appeared into…
Read More »Dollar squeezed as firm inflation pressures Fed
Overnight Headlines *US stocks were higher after sticky US CPI *USD eased from Tuesday’s one-year high *Gold had its best session in seven months, nears resistance *Bitcoin rose 1.5% to…
Read More »Market Update – October 13 – All eyes on CPI
Supply chain disruptions are increasingly hitting production targets and adding to stagflation concerns. The bond market is overlooking Wednesday’s CPI data and the prospects for a hot report and the…
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