FX

The Greenback lost further ground and dropped to multi-week lows on the back of rising expectations of interest rate cuts by the Fed, a view that was further reinforced by lower US CPI data in April The Greenback remained on the back foot and dragged the USD Index (DXY) to the 104.00 zone amidst an

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Canadian Dollar grapples with recovering US Dollar. Canada remains absent from the economic calendar on Thursday. CAD traders looking ahead to next Tuesday’s Canadian CPI inflation. The Canadian Dollar (CAD) is broadly higher on Thursday, gaining ground across the board but still struggling under the weight of the US Dollar (USD) as the Greenback recovers

The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US Dollar lost ground after the release of the lower CPI and Retail Sales data on Wednesday. The Australian Dollar (AUD) snapped its three-day winning streak

The DXY fell to its lowest level since mid-April on Wednesday. Weak US inflation data and unimpressive Retail Sales increase odds of a Fed interest rate cut in the near term. Markets are still discounting higher odds of the first cut being in September. The US Dollar Index (DXY) is trading near 104.4 on Wednesday,

USD/CHF edges lower due to a decline in the US Dollar and lower US yields. Fed Chair Jerome Powell has anticipated a sustained decrease in inflation, indicating diminished confidence in the disinflation outlook. Swiss Producer and Import Prices dropped 1.8% in April, marking the twelfth consecutive period of decrease. USD/CHF edges lower for the second

April’s US Producer Price Index prints higher monthly reading than expected. Fed Chair Jerome Powell signals strong US economic outlook, which may delay interest rate cuts. Markets await CPI data on Wednesday to continue placing their bets on the easing cycle of the Fed. The US Dollar Index (DXY) is currently trading at around 105.35,

The Unemployment Rate in the UK edged higher to 4.3%. GBP/USD continues to trade in a tight range at around 1.2550. The UK’s Office for National Statistics reported on Tuesday that the ILO Unemployment Rate edged higher to 4.3% in the three months to March from 4.2%. This reading matched the market expectation. Other details

DXY Index exhibits mild losses at 105.35, indicating a modest bearish trend. Market attention is centered on conservative Fed comments and April inflation expectations that could shape US Dollar outlook. Bets on the Fed remain steady and also lend support toalternative the USD. The US Dollar Index (DXY) is trading mildly lower at 105.35 on Monday

USD/CAD gains ground around 1.3680 in Friday’s early European European session.  Fed’s Logan said it’s not clear if policy is tight enough to bring inflation down, adding it’s too soon to cut rates.  The Canadian economy added 90,000 jobs in April, above the consensus of 20,000 gains.  The USD/CAD pair recovers some lost ground near 1.3680 during the early European session on Monday. Meanwhile,

Federal Reserve (Fed) Bank of Richmond President Thomas Barkin hit newswires late Friday reaffirming a “patient” approach from the Fed will eventually reduce inflation to the US central bank’s desired target level. Key highlights The current economy calls for a deliberate and patient approach. With appropriate policy and time, inflation will hit 2%. Demand is

Gold rebounds from daily lows, propelled by a sharp drop in US consumer sentiment and future economic outlook. High US Treasury yields weren’t an excuse for Gold’s advance. US consumers expect inflation to remain above 3% over a one-year period. Fed officials are cautious about rate cuts, with mixed signals from different Fed governors. Gold

The daily chart reveals a subtle change in buyers’ momentum, noted by decreasing MACD green bars and a neutral RSI. Hourly indicators picture a balanced scenario for the session. At the end of the week, the NZD/USD has lost 0.21% as buyers seem to have run out of steam. The sluggish trend momentum might suggest

Notable monetary divergence between Fed, G10 peers keeps USD afloat. Markets await further economic reports for insights into the US economy’s health for potential adjustments to Fed expectations. Next week’s highlight will be April’s US CPI. The US Dollar Index (DXY) is currently trading around the 105.35 mark, posting mild gains on Friday near the end

USD/JPY climbs after worse-than-expected US consumer sentiment data. Recession fears reignited as Americans became less optimistic about the economy. A jump in US inflation expectations underpins US yields and the Greenback. The USD/JPY advanced steadily during the North American session, following a worse-than-expected University of Michigan (UoM) poll that showed that American consumers are becoming

EUR/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe.  The key resistance level will emerge in the 1.0790–1.0800 zone; the first downside target is located at 1.0724. The EUR/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The downtick

Canadian Dollar propped up by broad-market, risk-on sentiment. Canada has a resilient financial system, says BoC Macklem. Canadian labor numbers slated to print on Friday. The Canadian Dollar (CAD) found some bids on Thursday after investors’ risk-appetite stepped up, bolstering markets out of safe-havens like the US Dollar (USD). The Greenback is broadly softer on

The Australian Dollar has halted its losses after Chinese Trade data due to the trade relationship between Australia and China.  Australian Retail Sales declined in the first quarter, swinging from the previous quarter’s growth. The US Dollar rose due to expectations of the Fed maintaining higher interest rates for an extended period. The Australian Dollar