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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.

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November 20, 2023 04:26 AM
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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.

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November 8, 2023 12:37 AM
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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.

November 1, 2023 04:29 PM

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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.

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August 4, 2023 04:45 PM
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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.

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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.

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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?

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May 18, 2023 02:30 PM
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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.

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April 13, 2023 03:31 PM
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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.

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April 5, 2023 06:53 AM
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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.

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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.

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February 22, 2023 07:21 PM
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Markets mixed as investors eye bigger events

Investors will be looking forward to a busier session on Tuesday.

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February 20, 2023 01:07 PM
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Dollar strengthens ahead of US retail sales

Investors are pricing in a higher terminal interest rate in the US

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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%...

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February 7, 2023 01:57 PM
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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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December 21, 2022 11:29 AM

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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.

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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

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Dollar rebounds on China, faces busy week

Are we about to see a more profound dollar recovery?

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November 28, 2022 04:56 PM
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Technical Tuesday: EUR/USD, GOLD and Russell

In this week’s edition, we discuss the dollar, EUR/USD, gold and the Russell index.

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Dollar index clings onto bull trend ahead of CPI

CPI is way too high for the Fed to ease off the gas.

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November 10, 2022 12:10 PM
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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%...

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November 2, 2022 07:02 PM