Dollar index – bulls pause after US data and look for fresh direction signal
The dollar holds in a sideways mode vs the basket of major currencies for the second straight day, as US September CPI data cooled expectations for another Fed jumbo rate cut, though the sentiment is still bullish and keeps the greenback…
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EURUSD – bears hold grip and pressure key 1.10 support zone ahead of US labor data
EURUSD remains firmly in red and trading near the lowest level in almost one month on Friday morning.
Bears eye key supports at 1.10 zone (psychological / Sep 11 higher low / Fibo 38.2% of 1.0601/1.1204 uptrend) break of which to…
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Cable falls to three week low on dovish steer in rate outlook / weaker than expected economic data
Cable remains firmly in red and accelerated lower on Thursday morning, falling over 1% for the session.
Sterling came under increased pressure from dovish comments from BoE Governor Bailey, who said the central bank could be more…
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US Elections 2024 Market Outlook: Potential Impact on Stocks, Commodities, Cryptocurrencies, and…
Key Takeaways
The 2024 US Presidential Election is poised to significantly impact various markets, including stocks, commodities, cryptocurrencies, and the US dollar.
A Trump victory could boost US stocks and…
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Crude prices extend gains on escalation of the Middle East crisis
Oil price extends strong rise into second consecutive day, advancing 1.6% during European session on Wednesday, following 3.45% advance on Tuesday (the biggest daily gain since Aug 12).
Growing fears that further escalation of the war in…
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Increased safe-haven demand lifts dollar
The dollar remains firm versus the basket of major currencies early Wednesday, boosted by safe-haven demand following the latest escalation in the Middle East.
Two day bounce from strong 100 support zone, hit two-week high and pressuring…
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EURUSD deflated by risk aversion on weak CPI numbers, ECB rate cut expectations
EURUSD ticked higher from three-week low (1.1056) in the US session on Tuesday but remains firmly in red after being deflated by risk aversion on deteriorating geopolitical situation and EU September CPI below target, fueling expectations…
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Eurozone inflation falls below 2% target in September, adding to expectations of another rate cut…
Inflation in the Eurozone fell to 1.8% in September from 2.2% in August, and beat expectations for 1.9% rise, driven by lower energy costs and unchanged goods prices.
Inflation dipped below 2% target for the first time in three years,…
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Japanese yen rises 1.3% vs dollar on political news / economic data
USDJPY rose to three-week high (146.49) and subsequently fell over three full figures on Friday, on speculations about new prime minister’s support to BOJ’s further policy tightening, which was seen as a violation of central bank’s…
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GOLD- limited pullback from new record high to precede final attack at $2700 target
Gold price eased on Friday after the metal hit new record high on Thursday, with end-of-week partial profit taking being behind the move.
Pullback was so far shallow and the price unlikely to make a stronger dip, but rather consolidation…
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