ECB President Lagarde participated through a pre-recorded video at the European Financial Reporting Advisory Group Conference, in Brussels, and mentioned quantitative tightening (QT). Among other things, Lagarde said QT will come up for “discussion and consideration within the governing council in the not-too-distant future.”Financial markets ignored Lagarde’s words and focused …

Federal Reserve Governor Michelle Bowman said on Tuesday that she remains willing to support raising interest rates “should the incoming data indicate that progress on inflation has stalled or is insufficient to bring inflation down to 2 percent in a timely way.” The US Dollar Index (DXY) moved modestly off …

The dollar trades softly in the red, seeing earlier attempts to recline failing. US traders will hear from no less than four Fed members this Tuesday. The US Dollar Index snaps 103 and enters in the 102-region. The US Dollar is losing its grip again on the situation as this …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on the key developments in the markets and the performance of the most important assets, in an interview on Dubai TV. Expected DataHashad explained that the markets are awaiting high-impact …

The Canadian Dollar is grappling with sideways momentum on Monday. Markets look ahead to key data for both the US and Canada in the latter half of the week.US PCE inflation & ISM Manufacturing, Canada GDP & employment change are on the horizon. The Canadian Dollar (CAD) is middling against …

New Home Sales in the US declined 5.6% in October. US Dollar Index continues to hover around 103.40 after the data. Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly on Monday by the US Census Bureau …

The US dollar experienced losses in a shortened week, with the Core PCE report being the most important. The US economy is stronger than that of European nations and is still growing, with the US Composite reported at 50.7 in recent PMIs. Weekly gains in EUR/USD were observed, but the …

Oil prices fell on Friday due to the release of hostages in Gaza, but prices gained their first week of gains in over a month ahead of the OPEC+ meeting to decide on production cuts in 2024. Brent crude futures settled down 84 cents at $80.58 a barrel, while American …

The EUR/USD pair is experiencing a broad-market risk rally to close out the trading week, with market sentiment seeing a late break. US PMI data came in mixed, softening the US Dollar. The EUR/USD is trading into the 1.0950 level as the trading week winds up, with markets set for …

The DXY Index fell to 103.45, a 0.30% loss, and the index is expected to experience a 0.30% weekly loss. S&P PMIs showed mixed economic outlook, with the manufacturing sector weakening and the service sector expanding. The US economy is showing signs of cooling inflation and job creation, and soft …