The DXY is struggling around 99.30 in the absence of any potential trigger that could bring an impulsive wave. Any Chinese aid to Russia may heighten the risk-aversion across financial market.Fed’s interest rate policy will be the mega event that investors will look upon. The US dollar index is failing …
Read More »EUR/USD Sharply Falls As Ukraine – Russia Conflict Escalates
The EUR/USD slides, on Wednesday, as Ukraine – Russian tensions increase and US intelligence community reported that Russia could invade Ukraine within the next 48 hrs. During the day, the EUR/USD reached a daily high at 1.1358, but worsened market mood witnessed ebbs flowing to the greenback. At the time …
Read More »Gold is Confined to a Narrow Range Ahead of The Release of US Inflation Data
Gold prices fluctuated within a limited range on Thursday, after hitting a two-week high earlier in the session, as investors awaited US inflation data for indications of the Federal Reserve’s next step towards tightening monetary policy. And the gold price settled in spot transactions at $ 1832.09 an ounce by …
Read More »Gold prices Close Higher As USD, T-yields Retreat
Gold futures closed higher on Wednesday, with prices stretching their gains to a fourth-consecutive session to finish as the US dollar and Treasury yields eased back, boosting the appeal of the haven metal.Volatility in the metal’s prices could be explained by fluctuations in the US dollar, which also obviously has …
Read More »GBP/USD Bulls Stay On Course Ahead Of The BoE Decision, US NFP Data
At 1.3570, GBP/USD is around 0.40% higher on the day as it tracks down the start of the New York sessions highs of 1.3587 again during midday trade. Sterling is climbing on Wednesday for the fourth session in a row, reaching a 1-1/2-week high against the dollar.Trader’s expectations that the …
Read More »US Dollar Index Depressed Ahead Of ISM Data
The DXY Index has remained on the defensive territory in the low-96.00s as US bond yields remain largely range bound on Tuesday.Sellers are still in control of the sentiment around the US dollar and drag the American currency’s Index (DXY) to new 4-day lows in the 96.25/20 band.The US dollar …
Read More »The US Dollar Benefits From Russian-Ukrainian Tensions
The US dollar has continued to rise since the beginning of Monday’s trading session, benefiting from the deterioration in risk appetite in global financial markets due to the Russian-Ukrainian tensions.The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to 96.02 points, …
Read More »US Dollar Index Breaks Above Towards 98.00
The US Dollar Index ended the week above the 96.50 threshold. The US 10-year Treasury yield finished down, at 1.412%. DXY Technical outlook: Breaks above the ascending triangle, USD bulls target 98.00. The US Dollar Index, also known as DXY, which measures the greenback’s performance against a basket of six …
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