Market interpretation of Powell’s words indicates caution due to unpredictability of inflation trajectory. Friday’s Nonfarm Payrolls report showed a slowdown in annual wage inflation, fuelling predictions...
The US Dollar heads back to flat after taking a step back earlier. The Greenback gave up its earlier gains against the Chinese Yuan and the Japanese...
USD/JPY holds gains near 154.00 despite soft US Dollar. Weak US data builds pressure on the US Dollar. The speculation for Japan intervention to support the...
USD/CAD drops to 1.3650 on multiple headwinds. Firm speculation for Fed rate cuts in September has uplifted the market mood. A sharp recovery in the Oil...
Another dreadful week for the Greenback saw the USD Index (DXY) tumble to three-week lows well south of the 105.00 support, mainly in response to the...
US Nonfarm Payrolls report from April underperformed, showing a lower-than-expected increase. The odds of a rate cut in September increased, which seems to be applying pressure...
The US Dollar Index has been trading in a rising channel for several months. After touching the top of the channel it reversed course and started...
The Greenback could not sustain the initial optimism and succumbed to further selling pressure amidst renewed strength in the Japanese yen and steady prudence ahead of...
Fed Chair Powell signals inflation still remains high despite significant easing, suggesting an uncertain path forward. Powell acknowledges that strict monetary policy has balanced both inflation...
The US Dollar trades broadly sideways after Wednesday’s wild ride following the Fed decision to hold interest rates. Traders took the Fed’s rate decision and rhetoric...
The Pound Sterling struggles above 1.2500 despite the Fed’s guidance on interest rates was slightly less hawkish than expected. Fed’s Chair Jerome Powell said he is still...
The Greenback gave away Tuesday’s advance amidst declining US yields across the curve, all after the Fed left its interest rates unchanged, as expected, and Chief...
Jerome Powell pointed out that the progress on inflation stagnated but that it was on track to the 2% target. He also pointed out that monetary...
Markets foresee a hawkish hold stance by the FOMC, influencing the DXY Index in the upcoming sessions. US Job Openings and ISM PMI figures reported on...
EUR/USD finds a temporary support near 1.0650 though dismal market sentiment keeps the downside bias intact. Uncertainty ahead of the Fed’s policy has dampened the appeal...
According to US Treasury Secretary Janet Yellen, inflation remains high but is assuring markets that data continues to point towards a recovery on US price growth...
Following a negative start to the week, the Greenback managed to regain traction and lifted the USD Index (DXY) back above the 106.00 hurdle sustained by...
DXY Index is noting losses at the start of the week, declining toward 105.70. Resilient US economy, hawkish Fed are likely to keep pressure on yields,...
USD/CAD trades above 1.3640 as the US Dollar rebounds ahead of the Fed’s policy decision. The Fed is expected to emphasize keeping interest rates restrictive for...
The US Dollar slides in Monday’s Asian session to broadly recover later in the European start. Traders are trying to keep their powder dry for the...