Tag Archives: Dollar

Key points: The dollar held steady on Monday as investors anticipated further guidance on the U.S. interest rate trajectory following cautious remarks from Federal Reserve officials. Despite cooling inflation signs, traders are eagerly awaiting more data to gauge future rate cuts. The Japanese yen (USDJPY) started the week on the back foot, weakening to 155.80Continue Reading

Key Points:  After some rally since the US inflation data announcement, the major US stock indexes experienced a turbulent session, ultimately closing in the red. The S&P 500 Index (Symbol: SP500) dropped by -0.21%, the Dow Jones Industrials Index (Symbol: DJ30) declined by -0.10%, and the Nasdaq 100 Index (Symbol: NAS100) fell by -0.21%.  Rally shortlived with Hawkish commentsContinue Reading

Key Points On Wednesday, the U.S. Bureau of Labor Statistics will release April’s consumer price index (CPI) data. This key economic report is closely watched by market participants due to its implications for the Federal Reserve’s monetary policy. Tuesday’s elevated producer price index (PPI) results have raised concerns that inflation figures might also disappoint, potentiallyContinue Reading

Key points:  Gold prices edged higher on Tuesday, marking a modest recovery of 0.4% to $2,344.39 per ounce by early GMT, following a 1% decline on Monday. This fluctuation occurs as markets gear up for critical inflation reports set to shed light on potential changes in the U.S. Federal Reserve’s interest rate policies.  Not onlyContinue Reading

Key Points:  The upcoming US inflation report is expected to play a key role in shaping the value of the USD and guiding perceptions of next moves by the Federal Reserve. Over the past months, the dollar has enjoyed a rally, driven primarily by a shift in expectations towards a less accommodative monetary policy byContinue Reading

Key points On Monday, gold prices failed to sustain an upward movement beyond the $2,375 mark, resulting in a decline below $2,350. This movement suggests a possible test of lower support levels, primarily around $2,280, which aligns with the 50-day simple moving average and recent lows. Should this support level fail, the next target forContinue Reading

Key points: The dollar held its ground on Tuesday, as the market’s attention turns to an inflation report that could dictate the course of U.S. interest rates. Meanwhile, the yen stayed close to a two-week low, igniting fears of potential governmental intervention. Federal Reserve response to labour data in May 2024 This calm in theContinue Reading

Key points: The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to be released this week. The data is expected to play a significant role in the Federal Reserve’s decision-making about potential rate cuts in 2024. Recent employment figures, which came in below expectations, along withContinue Reading

As we edge closer to the CPI release on May 15, 2024, market participants are aware of the potential for this data to influence the Federal Reserve’s upcoming interest rate policies. This is especially crucial as it marks one of the key economic updates before the FOMC gathers on June 12. CPI release timing ScheduledContinue Reading

Key points The U.S. dollar exhibited weakness in early trading in Asia this Friday, continuing its decline from the previous night against the euro and sterling. This movement comes as new data points to a slowing labor market in the U.S., thereby increasing the likelihood of the Federal Reserve cutting interest rates later this year.Continue Reading