April 22, 2024
Via: DailyFXThe Euro was just a little weaker against the United States Dollar on Monday, with the pace of its fall slowing. That may not be the case for long, however. Monetary policy differentials remain strongly in the greenback’s favor, leaving […]
April 19, 2024
Via: DailyFXGold prices spiked higher in the early hours of Friday morning after reports emerged of the Israeli strike on Iran. The back and forth between the two nations risks sparking a broader conflict between the two and prompted a short-lived […]
April 18, 2024
Via: DailyFXThe US dollar, as measured by the DXY index, retreated from multi-month highs on Wednesday, dragged lower by a pullback in Treasury yields. Despite this retracement, the DXY remains biased to the upside, especially after top Fed officials signaled that […]
April 4, 2024
Via: DailyFXThe Japanese Yen was a little weaker against the United States Dollar on Thursday, but the market seems to be extremely wary of pushing USD/JPY much higher. One major reason is that the Dollar is hovering around the 152-Yen level. […]
March 29, 2024
Via: DailyFXThe Australian Dollar has endured a miserable couple of years against its big brother from the United States. Weakness has continued into 2024 so far. But there might be some better news ahead for Aussie bulls, even if much of […]
March 25, 2024
Via: DailyFXLast week’s rally saw gold post a fresh record high before a sharp sell-off left the precious metal relatively unchanged on the week. Last week the Federal Reserve gave markets a nudge that they are likely to shave 75 basis […]
March 18, 2024
Via: DailyFXGold prices advanced on Monday, but gains were limited in a context of market caution ahead of high-impact events in the coming sessions, including the FOMC announcement on Wednesday. In this context, XAU/USD climbed approximately 0.2% in early afternoon trading […]
March 18, 2024
Via: DailyFXThe Euro edged higher against the United States Dollar as a new trading week began in Europe on Monday, with moves likely to remain extremely limited at least until Wednesday’s monetary policy decision from the Federal Reserve. This is always […]
March 4, 2024
Via: DailyFXUSD/JPY climbed upwards on Monday, rising about 0.2% to 150.36, supported by increasing U.S. Treasury yields, with the U.S. 10-year bond back above 4.20% in late morning trading in New York. This week, markets are laser-focused on a series of […]
March 2, 2024
Via: DailyFXGold prices (XAU/USD) staged a remarkable rally this past week, breaking past key technical thresholds to reach their highest point since December 2023. By Friday’s close, the precious metal had notched a substantial weekly gain of 2.33%, settling near $2,082. […]
March 1, 2024
Via: DailyFXEuro Area core inflation fell for the 7th straight month, data from Eurostat showed earlier, but missed expectations of a larger fall. EU core inflation is now at the lowest level in two years. Today’s release did little to shift […]
February 29, 2024
Via: DailyFXGold Prices rose on Thursday following the release of a mixed bag of important economic numbers out of the United States. Perhaps the most important of these was the inflation snapshot in the Personal Consumption Expenditures series. This is known […]
Finance Tech, Liquidity, Trading
February 28, 2024
Via: Investing.comOil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure. Brent crude futures fell 22 cents, […]
February 23, 2024
Via: DailyFXGerman GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]
February 21, 2024
Via: DailyFXA weak Yen helped Japanese exports boom in January with the latest trade data showing overseas sales soaring to a record high. Exports increased by 11.9% to 7.33 trillion Yen, while imports fell by 9.6%. Today’s data revealed that the […]
February 13, 2024
Via: Investing.comOil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures […]
February 12, 2024
Via: Investing.comOil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus. Prices […]
February 8, 2024
Via: DailyFXThe Energy Information Agency (EIA) reported another storage drawdown in Cushing Oklahoma but the latest drop was minor. Nevertheless, it extends the run of drawdowns to 5 successive prints but has struggled to meaningfully propel oil prices higher. Drawdowns imply […]
February 5, 2024
Via: DailyFXThe U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging U.S. Treasury yields in the wake of strong economic numbers and hawkish Federal Reserve rhetoric in recent trading sessions. […]
February 2, 2024
Via: DailyFXThe latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure was also revised higher to 333k from 216k. The closely watched […]