Tag Archives: USD

Gold fell on Wednesday, continuing the decline from a level close to a nine-month peak, which it reached in the previous session, as some investors sought to speculate in a way that guarantees them profit. The dollar stabilized ahead of the release of US economic data that may determine the …

The US dollar dropped against the Euro and had weaker performance despite solid US manufacturing data that stirred some livelihood into markets ahead of key events for the days ahead. Most markets are awaiting clues concerning inflation from the US growth updates in the US economy. The US 10-year yield …

Gold price is running into a critical resistance area on all charts. Gold selloff could eventually lead to significant fears lest it should run towards $1,900. Gold price is advancing on the day into the final push on Wall Street and rallied from a low of $1,917.22 to a high …

Bitcoin rallied more than 37% in the first month of the new year. The famous cryptocurrency is expected to have January as its best monthly return since October 2021.Analysts pointed to the weaker US dollar, inflation expectations, and institutional buying support catalyzing this rally. The fading impact from squeezed short …

The US dollar index bottomed around the 102 mark, hovering close to levels not seen since May 2022, as concerns about a US recession and prospects of a less aggressive Federal Reserve spooked investors away from the American currency.Widespread volatility dominated the first trading day of the week across both …

Ahead of the weekend, the Japanese Yen weakened following the BoJ’s monetary policy meeting, with the BoJ resolute in keeping its dovish stance, and the Yield Curve Control (YCC). On the other hand, the Euro sharply rallies on Friday.The EUR/JPY pair managed to bounce off the day’s lows at 139.03 …

On Tuesday, the US dollar soared against all of its major rival currencies. The dollar started the day on the back foot, but secured robust gains early during the European session, triggering stops and further accelerating its advance. Key Developments EU countries reached an agreement on a coordinated approach to …

The US Dollar was starting the year higher, advancing against most of its major rival currencies but ended it unevenly across the FX board. The EUR was the weakest, as EUR/USD retreated from the 1.0700 area towards the current 1.0650 price zone, while the AUD was the strongest, with AUD/USD …

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

US October Goods and Services Trade Balance edged up to record -$78.2 billion in October. The US dollar Index stays in negative territory at around 105.00.The data jointly published by the US Census Bureau and the US Bureau of Economic Analysis revealed on Tuesday that the US international goods and …