Analysis

How Further Will the US Dollar Correct?

How Further Will the US Dollar Correct?

Bonds experienced another tumultuous trading session, yet this time around, yields headed in a downward direction. This shift was partly attributed to a less-than-ideal ADP payroll report (known for its unreliable predictive power), which acted as a deterrent against further selloffs.
ACY Securities | 636 days ago
Daily Global Market Update

Daily Global Market Update

Pound-dollar: +0.4%, RSI positive. Bitcoin: -1.1% despite intraday high. Oil: -2%, oversold (Ultimate Oscillator). Aussie-dollar: +0.6%, MACD negative. Ledger CEO cuts 12% staff. Bank of England considers rate cuts. Crude prices dip on Russia news. Economic releases: US Non-farm Payrolls, Japan's Coincident Index, Finland's Trade Balance, Germany's Factory Orders, UK's CFTC GBP NC Net Positions.
Moneta Markets | 636 days ago
Dollar Mutes Ahead of Nonfarm Payroll

Dollar Mutes Ahead of Nonfarm Payroll

U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated Nonfarm Payroll data set to be released today.
PU Prime | 637 days ago
Japanese Officials Declined to Confirm if Intervened

Japanese Officials Declined to Confirm if Intervened

The Japanese yen has remained strong in overnight trading following a relatively turbulent session yesterday. The currency briefly climbed back above the 150.00 level and reached an intraday high of 150.16 against the US dollar before sharply dropping to an intraday low of 147.43.
ACY Securities | 637 days ago
Keep Holding the USD Longs

Keep Holding the USD Longs

The ongoing US Treasury sell-off persists, creating a sense that a significant development is on the horizon. Increased volatility across various markets and broader credit spreads strongly encourages a cautious approach. In the present economic climate, this translates to maintaining a strong position in the US dollar.
ACY Securities | 637 days ago
Crypto hits a glass ceiling

Crypto hits a glass ceiling

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto hits a glass ceiling
FxPro | 637 days ago
Daily Global Market Update

Daily Global Market Update

The euro saw a 0.3% increase against the dollar, while the Dollar-Yen pair remained stable. Gold had a minor 0.1% drop, and Google's shares rose by 1.8%. The Pound gained against the dollar due to a weaker U.S. currency and positive UK business data, while global economic concerns and China-Germany financial cooperation were noted.
Moneta Markets | 637 days ago
Dollar Ticks Lower by Poor Job Data

Dollar Ticks Lower by Poor Job Data

The US dollar plunged below the pivotal $107 threshold, following a mere 89,000 increase in private-sector employment in the last month, marking its lowest figure since September 2021.
PU Prime | 638 days ago
Daily Global Market Update

Daily Global Market Update

Bitcoin down 0.4%, Tesla -0.8%, Aussie Dollar -0.8%, Gold -0.1%. Saudi Arabia may extend OPEC+ cuts amid recession. US dollar at 10-month peak; Euro, Pound, Yen down. Upcoming: US ADP Employment, ISM PMI, Eurozone Retail Sales & Producer Price Index, Japan Bank Services PMI, Foreign Bond Investment.
Moneta Markets | 638 days ago
USD, EUR, JPY & GBP – All You Need to Know

USD, EUR, JPY & GBP – All You Need to Know

Increased oil prices and rising real yields likely had a stronger impact on the dollar due to positive month-end flows. This could result in the dollar overshooting from what I consider to be fair levels, around 1.08 in EURUSD.
ACY Securities | 639 days ago
Daily Global Market Update

Daily Global Market Update

Gold, euro, and pound saw declines against the dollar, while Bitcoin showed overbought signals. The UAW strike costs the U.S. economy $4 billion, Tesla's Q3 sales disappointed, and Bitcoin surged past $28,000. Key economic announcements include U.S. JOLTS Job Openings and Australia's RBA Interest Rate Decision today.
Moneta Markets | 639 days ago