Category: USD
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ANZ: USD and GBP outlook for the coming week
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ANZ Bank provides insights into the outlook for the US Dollar and Sterling in the week ahead, focusing on the impact of recent macroeconomic data and positioning trends. Key points: US Dollar Forecast: Macroeconomic stability: Despite market reactions suggesting otherwise, ANZ believes the macroeconomic backdrop in the US is not…
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Macquarie bullish on USD into 2025 should Trump win By Investing.com
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Investing.com — Over the past month, major changes in U.S. policy have shifted market expectations, going beyond the Federal Reserve’s impact on the U.S. dollar. Initially, the U.S. dollar appeared to have peaked, especially as U.S. economic data slowed and the Fed prepared for an easing cycle. The US presidential…
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Why a soft USD policy is unlikely to work By Investing.com
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In light of the potential policies of a second Trump administration, Deutsche Bank’s research department delves into the practical challenges associated with implementing a softer US dollar policy. Analysts highlight the obstacles and constraints to such a strategy and argue that tariffs and their associated stronger impact on the US…
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SONN hits 52-week low, trading at 0.82 USD By Investing.com
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Sonnet BioTherapeutics Holdings (NASDAQ:), Inc. stock recently hit a 52-week low, trading at $0.82. This represents a significant decline for the biopharmaceutical company that specializes in developing innovative targeted biologic medicines. The 52-week low of $0.82 is a stark contrast to its past performance. Over the past year, the company…
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ForexLive Asia-Pacific FX news wrap: USD and JPY gained ground (USD/JPY lower)
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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…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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The USD and AUD the leaders while JPY and NZD the laggards
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It was a good day for the Australian Dollar and the US Dollar, and a less than ideal day for the Japanese Yen and the New Zealand Dollar. The Australian dollar received a boost after a hotter than expected CPI reading and markets saw a roughly 60% change to the…
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Forexlive Americas FX news wrap 21 Jun: The USD moves higher helped better flash S&P
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The week is coming to an end, as the US dollar is the strongest among the major currencies. The Japanese yen is the weakest. The dollar’s gains today were supported by stronger-than-expected Purchasing Managers’ Index (PMI) data, which saw the services index rise to 55.1 versus 53.7 expected, and manufacturing…
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Despite the big miss in the Michigan survey, the USD is little changed near highs.
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Michigan survey numbers were much weaker than expected. Despite the sharp declines, the dollar is stable and is trading near its highs against the euro and the pound. The Michigan poll may lose some steam as politics dominate the election. If you’re a Trump supporter, it’s dire. If you’re a…
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AUDUSD Technical Analysis – The soft US CPI weighs on the USD
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Basic overview The US dollar was sold off across the board yesterday after the weak US CPI report. This data has prompted the market to re-price the discounts twice this year. Later in the day, we got a tougher than expected decision from the FOMC as the chart showed that…
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USD continues its run to the upside. Dollar at new highs vs EUR, GBP, JPY, CHF AUD & NZD
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The US dollar continues to rise in an uptrend, with the US dollar making new highs against all major currency pairs except the Canadian dollar. Euro against the US dollar. EURUSD is testing the 38.2% retracement level of the upward move from the May 1 low. This level comes at…
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AUDUSD is one of the weakest of the major currencies as USD moves higher/commodities lower
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The Australian dollar is one of the weak points among the major currencies (along with the New Zealand dollar). Commodities fell sharply on the back of a stronger dollar/higher interest rates/more stubborn Fed. Technically, the price moved lower to test a range of supports including the 38.2% retracement level at…
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Forexlive Americas FX news wrap 29 May: The USD moves higher with higher yields.
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The US dollar rose supported by higher yields. For the third coupon auction this week, demand was less than ideal. Yesterday was the 2 and 5 year auction. Today was a 7 year note. For the trading week, the 10-year yield did not come close to 15 basis points while…
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BofA sees trend followers likely to sell USD this week By Investing.com
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Bank of America (BofA) has released a report predicting that commodity trading advisors (CTAs), known as trend followers, are expected to sell the US dollar (USD) in large quantities this week. The report notes that these traders are likely to buy the European Euro (EUR), British Pound (GBP), Australian Dollar…
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Forexlive Americas FX news wrap 28 May: USD rebounds helped by rising yields &confidence
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US consumer confidence came in much better than expected in the US session. The index moved to 102.00 versus estimates of 95.9 details: The current situation index is 143.1 compared to 142.9 previously Expectations Index 74.6 compared to the previous 66.4 Hard-to-find jobs 13.5 vs. 15.5 previously 16.9% of consumers…
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Forexlive Americas FX news wrap 24 May; USD moves higher. Nasdaq &S&P gain for 5th week
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As the week comes to a close, the Canadian dollar ends the day as the strongest among the major currencies. The Swiss franc is the weakest. The US dollar was mostly lower with modest gains against the Japanese yen and Swiss franc. The Canadian dollar rose despite lower-than-expected retail sales…
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UBS maintains key G10 currency views, sees USD strength By Investing.com
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UBS released a report on the current foreign exchange environment, maintaining its key views on the G10 currency and forecasting continued US dollar strength. The company stressed that although the markets are reducing the range of divergence in priced policies, there is no compelling reason to change its expectations. Equities…
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BofA notes broad USD sell-off on positive US data By Investing.com
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Bank of America reported that investors sold the US dollar broadly last week, influenced by slightly positive economic indicators from the United States. The move came in response to somewhat encouraging US inflation data and lower-than-expected retail sales numbers. According to Bank of America, the US dollar sell-off has been…
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BofA sees potential for further USD selling by CTAs By Investing.com
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Bank of America (BofA) on Monday provided insight into potential actions for commodity trading advisors (CTAs) next week. According to Bank of America, CTAs may continue to sell the US dollar (USD) against most currencies following the trend that emerged after the Consumer Price Index (CPI) report led to dollar…
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ForexLive Asia-Pacific FX news wrap: USD higher across the major FX board
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…