Share: Economic activity in the manufacturing sector expanded in December for the second straight month. The ISM Manufacturing PMI improved to 47.4 from 46.7 in the...
Share: USD/CAD advances to near 1.3350 as investors’ risk-appetite fades. The FOMC minutes will provide outlook on inflation and interest rates. Canadian jobless rate is seen...
Share: NZD/USD recovers from 0.6250 as the US Dollar turns sideways ahead of FOMC minutes. The likelihood of an interest rate cut by the Fed in...
Share: The DXY Index trades with gains in the latest session. Investors eagerly await Nonfarm Payrolls, Average Hourly Earnings, Unemployment Rate from December, and FOMC Minutes...
Share: Silver price struggles to sustain above $24.00 as demand for safe-haven assets improves. Investors await the FOMC minutes, Manufacturing PMI and the labour market data....
Share: The S&P 500 is flat around 4,785. Market expectations of 160 bps easing in 2024 by the Fed ignited the flows to stocks in the...
Share: An exciting beginning of the 2024 trading year is ahead. Next week, economic reports include the US and Canada Job Reports and inflation figures from...
Share: The DXY jumped towards 101.30 after bottoming near 101.20. The only highlight during the session was December’s Chicago PMI, which came in lower than expected....
Share: NZD/USD drops gradually from 0.6360 amid recovery in the US Dollar. Investors see the Fed reducing interest rates from March 2024. NZD/USD delivers a breakdown...
Share: The US Dollar trades flat after its recovery in the close at the US session on Thursday. Equity markets are set to close off the...
Share: USD/CAD rebounds to near 1.3260, following footprints of the US Dollar. The Fed may start reducing interest rates from March 2024. Lower oil prices due...
Share: Fed’s explicit pivot further reinforces OCBC Bank’s sell-on-rally view on the US Dollar. Dovish pivot sets the tone Given Fed’s pivot, the next leg of...
Share: The US Dollar gaps opened on Thursday after a big miss on the Richmond Manufacturing Index. Equity markets are steady while US bond markets are...
Share: USD/CAD discovers buying interest near 1.3200 despite a sell-off in the US Dollar. The Canadian Dollar has weakened due to a significant fall in the...
Share: Another day in an unusual week. During the Asian session, Japanese data is due, including Industrial Production and Retail Trade. The key report of the...
Share: The DXY Index fell to its lowest level since July, below 101.00. Markets are placing bets on six rate cuts by the Federal Reserve for...
Share: The US Dollar Index (DXY) has suffered a sharp sell-off from a high of 107 to a low of 102.5 in October and November. Economists...
Share: The US Dollar retreats another leg lower. Equity markets trade flat with US futures hesitant to continue the Christmas rally. The DXY US Dollar Index...
Share: Holiday-thinned trading, a shortened week, and a light economic calendar point to abnormal price action in the last days of 2023. Will Santa’s rally continue?...
Share: The USD is broadly weaker versus the major currencies. Economists at Scotiabank analyze Greenback’s outlook. Technical signals remain bearish for the DXY There is little...