Home / Tag Archives: forex news

Tag Archives: forex news

The dollar index whipsawed wildly on the back of tepid U.S. inflation

Summary: The dollar declined sharply immediately after the release of all worse-than-expected U.S. major macro data, including CPI and its core measure, retail sales for September. However, the greenback bounced back strong and recouped all of its losses in late session. The gold continued to rebound and went back above 1300. Whether or not the yellow metal’s rally could sustain will be important to watch. The forex market traded in ...

Read More »

Trump’s tweets ignited risk aversion instantly

Summary: The greenback slipped while the safe havens Japanese yen and the gold rose in early Asian session amid increasing risk aversion as Trump commented over North Korea on twitter again. Wall Street was mixed on Monday, with Dow Jones whipsawed at its highs while S&P 500 and Nasdaq modestly retraced. We should be aware of another corrective decline in the U.S. stocks. The dollar...

Read More »

Will the dollar index stop the rally after reacting off highs?

Summary: The dollar fell back against a basket of six major currencies after hitting highs on the back of the U.S. nonfarm payrolls report which showed the first negative reading in the headline number while the unemployment rate ticked down and average hourly earnings ticked up. The gold bounced back after creating a low at 1260.4 which could be an important base in the near future. In Asian morning...

Read More »

Risk Appetite Heightens On US Tax Reform

Overview President Donald Trump proposed the biggest tax reform to the US tax system in three decades, pushing the dollar to a five-week high. The tax agenda will likely get less push back from Congress than originally thought. Additionally, the features of the reform will help to support earnings growth and propel the US economic recovery. The dollar was 0.11% weaker against a basket of major currency...

Read More »

The dollar advanced further as economists’ optimism over U.S. August CPI

Summary: The dollar continued to rally and broke above H4-period trend resistances, potentially challenging daily resistances as the outcome of U.S. August PPI rose. Investors await the expected-increase CPI in August due to release today. We will have policy decision and meeting minutes from BOE at 19:00 BJT today. Be aware of its implications for the sterling and for the dollar index as well, ...

Read More »

Trump’s debt deal further improved investor sentiment

Summary: S. stocks rallied along with the dollar on improved investor sentiment after President Trump signed a billion to raise debt limit, a move that ended the threat of a partial government shutdown at the end of the month. The gold lost ground below a major trend support at H4-period EMA60 after the yellow metal opened lower. We will get U....

Read More »
error: Content is protected !!