US Dollar Outlook Hinges on Inflation Report Amid Fed Blackout Period
The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory…
Read More »Events to Look Out for Next Week
Optimism returned even as virus developments remain in focus. Hopes of reduced tensions between the US and China after a phone call between the leaders of the two countries added…
Read More »Powell prolongs stimulus punchbowl
Overnight Headlines *USD broadly weakened and is below trendline support *US stocks closed mostly at record highs post Powell’s dovish tone *Gold benefitted form a softer dollar and gained 1.4%…
Read More »Dollar fights back
Overnight Headlines *USD jumped 0.5%, advancing against all of its major peers *US stocks were broadly lower, Nasdaq notched a record close *Gold drops below $1800, falling back to trendline…
Read More »Sterling slips as PM Johnson raises National Insurance.
GBPUSD, H1 The Pound has posted new lows for the week against both the Euro and Dollar. EURGBP has traded over 0.8600 for a 33-day high today at 0.8610….
Read More »WTI pushes towards $69.00 as US dollar retreats
WTI is trading above the $68.90 mark after slipping from $69.50 on Monday, as Saudi Arabia cut its October official selling prices (OSPs) to Asia by a
Read More »The Dollar Story ahead of ECB!
The US and Canadian markets are closed today for Labor Day hence ıt will be a quiet start to a week that is busy with central bank decisions and a…
Read More »USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips to Short – COT Report
US Dollar longs hit 18-month high, Euro net longs slashed, AUD outlook depends on RBA policy path.
Read More »Later Fed taper in play
Overnight Headlines *USD near 1-month low, hit by disappointing NFP *US stocks were mixed with tech outperforming *Oil extends losses after deep cuts to Saudi crude prices for Asia *Gold…
Read More »12th record high for S&P500…this month!
Overnight Headlines *USD printed a “doji” yesterday and is selling off this morning *US stocks closed mostly at record highs for a second day *Oil prices extended their climb after…
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