News hero gradient

USD

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular
Chart showing uptrend

The US dollar could be undervalued if commodities continue to rip higher

Commodities are soaring, and of they continue to do so the US dollar could be undervalued as the case for any Fed cuts could evaporate.

USA flag

Nasdaq 100 Forecast: QQQ rises on Google, Apple AI chatter

US stocks are pointing to a stronger open, with tech stocks outperforming. Reports that Alphabet's Google and Apple are in talks to include Google's AI Gemini feature in iPhones has boosted the mood. Nvidia's annual developers conference will also kick off today. While tech news is lifting the mood, attention is also on the Federal Reserve interest rate decision on Wednesday, where the Fed could adopt a more hawkish stance given the sticky nature of inflation.

default avatar
Yesterday 01:11 PM
united_kingdom_03

GBP/USD hints at sentiment extreme ahead of BOE, FOMC: COT report

With a BOE and FOMC meeting pending and net-long exposure for GBP/USD at or near a sentiment extreme, I cannot help but wonder if the pound it due at least a pullback. I also take a closer look at the US dollar index (DXY), gold and the Nasdaq 100.

Open an account today

Tight spreads from 0.5 pts on FX and 1 pt on indices.

Award-winning platforms with fast and secure execution.

Congress building

Dow Jones Forecast: DJIA falls on inflation worries

US stocks fall after sticky inflation data this week has raised concerns the Fed may keep rates high for longer. The Fed is not expected to cut rates next week but could downwardly revise its dot plot from three rate cuts in 2024 forecast in December to 2 cuts. The USD is on track for a weekly gain as the Fed could turn more hawkish. Oil is set to rise 3% across the week on signs that the market is tightening.

default avatar
March 15, 2024 02:21 PM
gold_06

Fed must commit to finishing the inflation fight to prevent gold upside

Gold traders have a decision to make with fundamental headwinds building from a stronger US dollar and higher bond yields with the price yet to meaningfully respond. What the Fed signals next week looms as crucial for directional risks.

default avatar
March 15, 2024 01:38 AM
Close-up of market chart

USD bears scramble, USD/JPY eyes breakout after US data: Asian Open

US dollar bears scrambled for cover following hot US economic data ahead of next week’s Fed meeting, helping USD/JPY rise to a 5-day high and eye a potential breakout today.

default avatar
March 14, 2024 10:23 PM
USA flag

Dow Jones Forecast: DJIA pares gains after hotter PPI

US futures have pared gains after PPI data highlighted the sticky nature of inflation and raised questions about whether the Fed will be able to cut rates three times this year. The data comes after CPI earlier in the week was also hotter than expected. The market has adjusted its June rate-cut bets, but not by a significant margin, which is keeping stocks elevated. Oil extends gains after a bullish IEA oil market report.

default avatar
March 14, 2024 01:10 PM
gold_03

Commodities warning of shifting directional price risks

Gold, copper, silver, crude, cocoa – it’s a rarity to not come across a particular commodity that’s suddenly running hard. Every day there seems to be another one joining the increasingly lengthy list, providing a sense we may be at a turning point for the broader commodity complex.

default avatar
March 14, 2024 02:26 AM
USA flag

NASDAQ 100 Forecast: QQQ muted ahead of more data tomorrow

US stocks point to a muted start after yesterday's rally. Investors have shrugged off hotter-than-forecast inflation and remain firm that the Fed will cut rates in the June meeting. US economic data is in short supply today. Attention will be on retail sales and producer prices later in the week. Oil prices pop on an upbeat demand outlook from OPEC.

default avatar
March 13, 2024 01:20 PM
Forex trading

USD/JPY seems best bet for bulls amid a mixed US dollar environment

The US dollar rose for a second day, but its bearish reversal candle makes it less appealing to bulls. Yet USD/JPY shows promising signs of bullish mean reversion ahead of next week's BOJ and FOMC meetings.

default avatar
March 13, 2024 03:05 AM
USA flag

S&P 500 Forecast: SPX rises despite hotter-than-expected inflation

US stocks point to a higher start despite US inflation and core inflation coming in hotter than expected. The sticky inflation reading raises questions over whether the Federal Reserve will be able to cut rates three times this year, as indicated in the dot plot in December. While stocks are rising, gains could be limited. The USD is edging higher after the data. Oil struggles for direction ahead of the OPEC monthly market report.

default avatar
March 12, 2024 01:10 PM
Congress building

Dow Jones Forecast: DJIA falls in cautious trade ahead of tomorrow's CPI data

US stocks are pointing to a weaker open, extending losses from last week. Wall Street's main indices dropped on Friday as Nvidia tumbled after mixed US jobs data. Today, the mood is cautious as investors look ahead to Tuesday's inflation data, which could provide more clues about the Federal Reserve's monetary policy outlook. Bitcoin-related stocks rise as the cryptocurrency hits a record high.

default avatar
March 11, 2024 01:36 PM
Congress building

Dow Jones Forecast: DJIA rises after a Goldilocks NFP report

US stocks are heading for a stronger open, with the S&P 500 set for another record high after the US non-farm payroll report. While more jobs than expected were added in February, wage growth cooled by more than expected, and unemployment rose, keeping the market optimistic that a June rate cut was still likely. The data comes after Fed Chair Jerome Powell said that the central bank would not be far from loosening monetary policy if inflation continued to cool.

default avatar
March 8, 2024 01:59 PM
Congress building

US dollar index on track for its worst week of the year: The Week Ahead

With Fed Chair Jerome Powell effectively delivering a dovish pivot during his testimony to the house Committee, traders will no doubt jump onto weaker US economic data to reprice multiple rate cuts - and that could weigh further on the US dollar.

default avatar
March 8, 2024 03:25 AM
Congress building

S&P 500 Forecast: SPX rises on signs of the jobs market cooling

US stocks are set to pen marginally higher, adding to yesterday's gains after jobless claims added to evidence that the US labour market is cooling and ahead of a second day of testimony by Federal Reserve Chair Jerome Powell before Congress. Yesterday, Powell said that a rate cut this year could be likely but gave no clues on the timing or the scale. Neel Kashkari was more hawkish, saying no more than two hikes would be needed this year.

default avatar
March 7, 2024 02:08 PM
Downwards trend with red arrow

USD/JPY, Nikkei 225: Downside ducks lining up as US bonds go bid

Where US long bond yields have moved in 2023, USD/JPY and Nikkei 225 have tended to follow. Right now, the risks for each are building to the downside.

default avatar
March 7, 2024 02:15 AM
Research

US dollar extends losses on dovish Powell comments: Asian Open

Jerome Powell said what traders wanted to hear during his testimony to the House Committee; rate cuts are coming.

default avatar
March 6, 2024 11:56 PM

30 days risk-free trading with £10,000 in virtual funds

Congress building

Dow Jones Forecast: DJIA rebounds ahead of Powell's testimony

US stocks are pointing to a stronger open after yesterday's selloff. The market is rising ahead of Federal Reserve Chair Jerome Powell's testimony before Congress, where the market will be looking for further clues over when the Fed could start to cut interest rates. US ADP payrolls rose to 140k, up from 1.07k, but missed estimates of 150k. The data comes ahead of the non-farm payroll data on Friday.

default avatar
March 6, 2024 01:16 PM
USA flag

S&P 500 Forecast: SPX struggles as sentiment softens

US stocks point to a weaker start, extending yesterday's losses as investors look cautiously ahead to Fed Powell's testimony and US jobs data later in the week; today, US ISM services PMI will be released and comes as service sector inflation remains sticky. Atlanta Fed President Raphael Bostic warned that there is no urgency to cut rates; his comments also dented sentiment.

default avatar
March 5, 2024 02:02 PM
Federal reserve USD $100 note

Interest Rate Shock: What Happens If the Fed Hikes Instead of Cuts?

Traders are pricing in a small, but non-zero, chance of a Fed rate hike in 2024. Those odds could grow with a couple more hotter-than-expected inflation reports.

default avatar
March 4, 2024 07:53 PM
USA flag

Dow Jones Forecast: DJIA slips in a cautious start ahead of Powell later in the week

US stocks are inching lower after last week's record highs. The mood has turned cautious as investors await further cues from the Fed. Fed chair Jerome Powell testifies before Congress on Wednesday and Thursday and US non-farm payroll data is due on Freiday. Oil is edging lower after strong gains last week in a case of "buy the rumor, sell the fact" regarding OPEC+ extending oil production cuts into Q2.

default avatar
March 4, 2024 02:01 PM
aus_03

AUD/USD: Fuel driving US dollar rally may be nearing exhaustion point

Too soon to turn bullish AUD/USD but be ready when the turn eventually comes.

default avatar
March 1, 2024 02:30 AM
Congress building

Dow Jones Forecast: DJIA rises after inflation cools

US stocks edge higher after core PCE, and the Fed's preferred inflation gauge cooled in line with forecasts. Core PCE eased to 2.8%, down from 2.9%, although the monthly rate rose to 0.4%, up from 0.2%. Personal spending also slowed to 0.2%, down from 0.7%, in a sign that consumption was slowing. USD/JPY has slumped after the data & after hawkish BoJ chatter.

default avatar
February 29, 2024 03:44 PM