Category: USD
-
The USD is the strongest and the CHF is the weakest as the NA session begins
•
As the North American session begins, the US dollar is the strongest and the Swiss franc is the weakest. Japan was on holiday today and so was Canada (Thanksgiving). The US has a semi-holiday period but US stocks are open (Columbus Day). But the bond market is closed. No economic…
-
Forexlive Americas FX news wrap 4Oct:US jobs report is strong. USD, yields and stocks rise
•
The US September jobs report beat expectations today, with non-farm payrolls rising by 254,000 compared to expectations of 140,000. The unemployment rate decreased slightly to 4.1%, approaching 4.0%, and the participation rate stabilized at 62.7%. Private sector payrolls rose by 223,000, while average hourly earnings rose 0.4% month-over-month and 4.0%…
-
UBS sees limited USD gains amid global events By Investing.com
•
Growth-supporting currencies have struggled recently, but upcoming economic data and central bank meetings are expected to cap further gains in the US dollar, UBS noted while providing insight into recent currency market movements. UBS’s observation came after the US dollar (DXY index) rebounded after failing to break the 100 level.…
-
USD holds steady amid geopolitical tensions and economic data anticipation By Investing.com
•
The US dollar remained stable as markets processed rising geopolitical risks in the Middle East and awaited more US economic data. This stability comes despite the general move towards safe haven assets in foreign exchange markets, which has not led to a significant reduction in risks, HSBC noted in a…
-
Citi predicts mixed outcomes for USD ahead of jobs report By Investing.com
•
Citi provided a comment on the potential impact of the upcoming jobs report on the US dollar. The report, which is scheduled to be released on Friday, has markets anticipating different outcomes for currency pairs that include the US dollar, such as and, based on different scenarios for non-farm payrolls…
-
USD moving higher as Powell taps the brakes on cuts
•
The Fed chairman hit the brakes after saying that if all goes as planned, there will be two more cuts in 2024. Expectations for a 50 basis point cut fell to 36%. At one point last week, the forecast was around 60%. USDJPY: USDJPY rose to test and move above…
-
The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
•
US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…
-
Forexlive Americas FX news wrap 20 Sep: The week comes to s close with the USD mostly up.
•
Today’s economic data focused on Canada where retail sales rose by a stronger-than-expected 0.9% but prices were lower than forecast. In the US, two days after the Federal Open Market Committee cut interest rates by 50 basis points, Waller, a more hawkish member, spoke on CNBC. His comments were seen…
-
NZDUSD Technical Analysis – The USD stays under pressure ahead of the FOMC
•
Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timiraos is…
-
USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
•
Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timeraos is…
-
The AUD is the strongest and the USD is the weakest as the NA session begins
•
As the North American session began, the Australian dollar was the strongest followed by the British pound, with the US dollar the weakest. The Federal Reserve will meet on Tuesday and again on Wednesday before announcing its interest rate decision on Tuesday at 2 p.m. ET. A press conference will…
-
USDJPY Technical Analysis – Fed “insider” Timiraos weakens the USD
•
Basic Overview Yesterday, around 1:00 p.m. EST, Timeraus of the Wall Street Journal published an article that seemed to suggest that a 50 basis point rate cut was still under discussion. The market responded by raising the odds of a 50 basis point rate cut to around 43% from 13%…
-
USDCAD Technical Analysis – A better than feared NFP boosted the USD
•
Basic Overview The US dollar came under further pressure last week as a series of weak US data pushed Treasury yields lower. However, Friday’s non-farm payrolls report was not bad, on the contrary, the data under the hood was better than the previous month. This helped the US dollar erase…
-
A drift towards US recession doesn’t have to mean weaker USD
•
Investing.com – The U.S. dollar got a boost overnight on stronger-than-expected second-quarter growth data. Even if the U.S. economy heads into recession, that may not mean a weaker dollar, according to MacQuarie. At 07:00 ET (11:00 GMT), the dollar index, which tracks the greenback against a basket of six other…
-
Forexlive Americas FX news wrap: US second quarter GDP gets an upgrade but USD gains fade
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
BofA likes the USD lower and GBP higher
•
US Dollar: Bearish The central bank expects the US dollar to weaken in the medium term due to the expected rate cuts by the Fed and slowing growth in the US. However, the downside is somewhat balanced by the fact that a significant amount of easing has already been priced…
-
Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness
•
Basic Overview The US dollar remains under pressure amid positive risk sentiment and an impending rate cut by the Fed that should help global growth. These factors are generally bearish drivers for the US dollar. In fact, the recent strong rally in the New Zealand dollar has been driven mostly…
-
NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness
•
Basic Overview The US dollar remains under pressure amid positive risk sentiment and an impending rate cut by the Fed that should help global growth. These factors are generally bearish drivers for the US dollar. In fact, the recent strong rally in the New Zealand dollar has been driven mostly…
-
Australian dollar likely to struggle against USD: Citi By Investing.com
•
Citi FX analysts provide insights into the performance of the Australian dollar against various currencies, and predict a challenging path for the Australian dollar. According to the brokerage, the recent sharp drop in the exchange rate points to a long-term ceiling that formed at just below 110 yen to the…