Gold (XAU/USD) hourly chartThe precious metal is staying poised in trading today despite the dollar also sitting higher on the session. After hitting record highs last week, gold buyers have found it a bit tough to contest the $2,200 mark again so far. But we're...
The US Dollar Strengthens As Economists Believe The ECB Will Struggle To “Hold”
Early this morning, the Fed Governor advised “there is no rush to cut rates” and “the data within the upcoming months” will be vital. The US Dollar Index rises to a 1-month high. The value of the USD will largely be based on today’s data on economic growth, consumer...
ECB’s Panetta: The conditions to start easing monetary policy are materialising
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Eurozone February M3 money supply +0.4% vs +0.3% y/y expected
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Germany March unemployment change 4k vs 10k expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
AUD/USD eases to three-week low, eyes on support just below 0.6500
AUD/USD daily chartWith the retreat today, the pair is down to its lowest since 6 March with price just under 0.6500 now. Sellers remain in control, having kept a defense of the 200-day moving average (blue line) earlier this week. But all eyes now will be on the...
Dollar benefits from the struggles among its peers
In case you missed it, Eamonn had the post on Waller (and a good summary of others) earlier here. That is one contributing factor to the dollar's nudge higher so far today. But there also several other reasons plaguing other major currencies, helping to prop up the...
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EUR/USD falls to fresh five-week low just under 1.0800
At the same time, a firmer dollar is also contributing to the drop we're seeing to start the session. The greenback is up across the board, posting modest gains now as European traders enter the fray. EUR/USD is looking to break the 1.0800 mark, as sellers maintain...
European stocks mostly a touch higher to start the day
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Switzerland March KOF leading indicator index 101.5 vs 102.0 expected
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Germany February retail sales -1.9% vs +0.3% m/m expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK Q4 final GDP -0.3% vs -0.3% q/q prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Citi raises China 2024 GDP growth forecast to 5.0% from 4.6% previously
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 28 March 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The ones for EUR/USD are layered at 1.0815 through to 1.0850. And they should act similarly to the ones from yesterday around the same region as well. All else being equal, the expiries will help to...
BOE’s Haskel: I think rate cuts are a long way off
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The bond market continues to cook in trading this week
It's not the most exciting of weeks for bonds, as the action has trended rather sideways. 10-year yields in the US have been sticking around 4.20% to 4.25% for the last few days. And for the most part, that owes to some technical pull as seen in the chart below:US...
Major currencies still stuck in a lull for the most part this week
It's looking fairly quiet in the handover from Asia to Europe today. But that has sort of been the theme for most of the week for FX, no? Once again, the dollar remains steady as price action has been rather sideways over the last few days. Here's a snapshot of things...
Reminder: It is a holiday-shortened week for a number of markets
Given the holiday, we should see market conditions take on a quieter look and feel to end the week tomorrow. US markets will be open though, so it isn't a complete shutdown. During which, we will get the PCE price index and also an appearance by Fed chair Powell here....
Yen Strengthens on BOJ Intervention Issue
Following Fed Governor Christopher Waller’s comments, after the close of trading on Wednesday, Treasury yields rose across tenors in early Asian trading. Two-year Treasury bond rates, which are more vulnerable to policy changes, increased by three basis points...