Sunday , 25 February 2024

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US Dollar gains some ground on the back of higher US yields
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US Dollar gains some ground on the back of higher US yields

The US Dollar (USD) recovered to the 101.10 area during the American session after hitting a low of around 100.60. However, dovish bets...

USD at Multi-Month Lows, Spotlight on Jobless Claims
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USD at Multi-Month Lows, Spotlight on Jobless Claims

The US Dollar (USD) continues to experience sharp losses, with the US Dollar Index (DXY) trading at 100.95 its lowest level in five...

Forex Today: No further support for the Dollar
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Forex Today: No further support for the Dollar

Another day in an unusual week. During the Asian session, Japanese data is due, including Industrial Production and Retail Trade. The key report...

Canada: Indications of Weakened Demand – CIBC
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Canada: Indications of Weakened Demand – CIBC

Looking at rate cuts in Q2 2024 Today’s data were more naughty than nice, with monthly GDP pointing to little rebound in the...

Gold Price Analysis XAU-USD Steps Back from $2,070 as Markets Brace for Holiday Lull
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Gold Price Analysis: XAU/USD Steps Back from $2,070 as Markets Brace for Holiday Lull

XAU/USD briefly tested above $2,070 on Friday before paring back toward the day’s opening bids. With the Federal Reserve’s (Fed) main interest rate at...

Forex News Today: Dollar struggles ahead of an unusual week
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Forex News Today: Dollar struggles ahead of an unusual week

Holiday-thinned trading, a shortened week, and a light economic calendar point to abnormal price action in the last days of 2023. Will Santa’s...

EUR/USD Fall back from 1.1040 as markets Greenback shorts
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EUR/USD Fall back from 1.1040 as markets Greenback shorts

The EUR/USD climbed into an 18-week high at 1.1040 before slipping back towards 1.1000 as markets wind up operations before heading into the holiday break....

USD/JPY Bounces to Friday Peaks, Targets 143.00 : Market Update
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USD/JPY Bounces to Friday Peaks, Targets 143.00 : Market Update

The USD/JPY is rallying into new highs on Friday as the US Dollar (USD) tries to pare back some of the day’s losses...

Mexican Peso Hits Multi-Month High Broad Market Greenback Selloff: Forex Update
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Mexican Peso Hits Multi-Month High Broad Market Greenback Selloff: Forex Update

The Mexican Peso (MXN) rallied to a fresh 15-week high on Friday as the broader market took one last opportunity to sell off...

AUD/USD gains ground above 0.6800, US PCE data eyed
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AUD/USD gains ground above 0.6800, US PCE data eyed

The AUD/USD pair gains ground above the 0.6800 mark, the highest in five months during the early Asian session on Friday. The uptick of...