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US dollar index approaches its 200-day MA as EUR/USD eyes resistance
With the US dollar continuing to soften during Monday’s Asian trade, we now wait to see if it can help EUR/USD break above a key resistance level. But with the 200-day MA nearby for the US dollar index, it might may hit a bump in the road.
USD moves cautiously higher (for now) ahead of Fed speakers
We’ve seen a slight recovery in the US dollar, but this is to be expected following such a sharp selloff heading into the weekend. But with resistance looming, USD could be setting up for a potential swing trade short over the near term.
Dollar analysis: FOMC and key data puts greenback in sharp focus
The resilience of US data we have seen over the past couple of weeks hasn’t led to any further appreciation in interest rate expectations, keeping the dollar in an overall holding pattern with a slight bullish tilt, especially against the weaker currencies like the JPY and EUR. But the likes of the AUD and previously CHF have shown some resilience, perhaps suggesting that most of the positivity may be priced in for the greenback.
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US dollar analysis: GBP/USD, USD/CAD and EUR/USD outlook – Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus on the US dollar analysis, and provide updates on the GBP/USD, USD/CAD and EUR/USD outlook, before looking ahead to the next week. We maintain a bearish outlook on the US dollar and would favour looking for bullish setups on high-beta currencies.
EUR/USD outlook improves as US jobs point to peak Fed rates – FOREX Friday
So, the US jobs data was mixed and the probability of a rate hike in September fell to 13% from about 20% prior to the data release. Correspondingly, the US dollar and bond yields fell, gold rallied, and stocks stabilised somewhat.
Dollar analysis: Gold and EUR/USD outlook in focus - Nonfarm Payrolls Preview
All eyes will turn to the US jobs report on Friday, as the market refocuses on Fed policy after the Fitch downgrade of US credit rating caused a risk off response in the markets, which sent the dollar and long-dated bond yields surging higher. The US dollar, gold and EUR/USD outlook could be impacted if we see a jobs report that deviates significantly from expectations.
Dollar outlook: DXY, USD/CHF and USD/JPY analysis ahead of CPI
While it is down now, the US dollar outlook is subject to change depending on the outlook of the data.
USD/CAD outlook: All eyes on jobs reports – FOREX Friday
Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s shortened report, we will discuss the USD/CAD pair outlook, and look forward to next week’s key events affecting this pair.
US dollar forecast: No signs of reversal yet
Unlike equities, the FX markets are not so cheerful about US debt ceiling talks, with the greenback continuing to rise against risk-sensitive currencies like the AUD, GBP and EUR. But will the US dollar forecast turn more bearish moving forward?
Dollar forecast: USD loses more ground on peak inflation signs
We will have more US data in the form of retail sales and consumer confidence on Friday to impact the dollar forecast.
European Open: US data to retain its grip on the US dollar?
The USD has been under pressure the past 48 hours as fears of a US recession have resurfaced, which puts today’s ADP employment and IMS services report back in focus.
USD/JPY: Dollar likely to resume higher after slow start
Dollar was bouncing off earlier lows, supported by even more positive news – this time from the housing market.
FOMC minutes instant insight: A touch of hawkishness leaves a 50bps rate hike on the table
There is nothing in these FOMC minutes that should keep the central bank from raising interest rates “higher for longer” if US economic data continues to come in stronger than expected.
Markets mixed as investors eye bigger events
Investors will be looking forward to a busier session on Tuesday.
Dollar strengthens ahead of US retail sales
Investors are pricing in a higher terminal interest rate in the US
Will Powell disappoint dollar die-hards?
Futures markets now tally with many Fed policymakers for the first time this year, accepting the Fed's 'terminal rate' will be above 5%...
Dollar could rebound as DXY tests major support
The EUR/USD, GBP/USD and commodity dollars could all fall back if sentiment towards risk remains subdued.
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Gold edges lower as focus turns to CPI, Fed
Traders are continuing to pay respect to the key $1800 resistance level.
Technical Tuesday: S&P 500, Dollar Index, GBP/USD and Gold
In this week’s edition, we are getting technical on the Dollar Index, S&P 500, GBP/USD and gold
Technical Tuesday: EUR/USD, GOLD and Russell
In this week’s edition, we discuss the dollar, EUR/USD, gold and the Russell index.
Dollar index clings onto bull trend ahead of CPI
CPI is way too high for the Fed to ease off the gas.
FOMC meeting recap: Smaller rate hikes coming…but a higher terminal rate on tap?
Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%...