Tag Archives: Sentiment

US Dollar Index aims an establishment above 105.00 as Fed rate hike ghost returns

The DXY is hoping for a break above 105.20 on advancing hawkish Fed bets. Investors are ignoring the one-time slowdown in the US Inflation rate. A higher US Michigan CSI will strengthen the DXY bulls further. The US dollar index (DXY) extended its gains to near 105.20 after sensing an intense buying interest while revisiting… Read More »

USD/JPY Price Analysis: Seesaws around 132.80s, after losing more than 200 pips

On Wednesday, the USD/JPY slide more than 1.50%, its largest daily loss since July 28. USD/JPY buyers unable to break above 135.30 exacerbated the fall below the 133.00 mark. The USD/JPY tanked more than 200 pips on Wednesday, courtesy of cooler-than-expected US CPI data, suggesting that the Federal Reserve might pivot, towards a dovish stance,… Read More »

AUD/USD slides towards 0.6950 despite firmer Aussie NAB data, US inflation eyed

AUD/USD pares the biggest daily gains, holds lower ground near intraday low of late. Aussie NAB data came in firmer for July but August month Westpac Consumer Sentiment was softer. Risk-on mood fades amid hawkish Fed bets, pause in yields’ downside. Second-tier US employment data, risk catalysts will be important for fresh impulse. AUD/USD holds… Read More »