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 »
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 »
What you need to take care of on Wednesday, August 10: The American currency extended its weekly decline throughout the first half of the day but managed to recover some ground during the US session. Nevertheless, volatility across financial markets was limited amid lingering US inflation figures. Market players await the US Consumer Price Index,… Read More »
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 »
USD/JPY tumbles, due to its high correlation with the US 10-year bond yield, dropping below 2.80%. Fed’s Bowman: The Fed should consider 75 bps in future meetings. US CPI and PPI for July, both inflations readings are eyed. The USD/JPY begins the week on the wrong foot, slides below the 50-day EMA, on a soft… Read More »
