Middle East ImpactGold prices softened over European and US trading on Monday following a sharp rally on Friday as safe-haven flows surged higher on Israel/Palestine news flow. Gold futures recorded...
Dollar Rally Pauses While Traders Await Powell on Thursday
Empire State Manufacturing FallsThe latest Empire State Manufacturing Index released today showed that business conditions worsened last month in the US. The index fell to -4.6 from the prior month’s...
US Yields Driving USD Higher
DXY Breaking OutThe US Dollar continues to March higher on Tuesday with DXY now at its highest level in a year. The rally is being fuelled by a relentless rise in yields on the back of the Fed’s...
USD Pulls Back As Traders Mull US Data
USD Pulling BackThe US Dollar is correcting lower into the end of the week as traders brace for a slew of key US econ readings latest today. Yesterday. Final Q2 US GDP was seen coming in at 2.1%, as...
Dollar Drop Nowhere In Sight As Q3 End Nears
USD Rally ContinuesThe US Dollar rally continues to gather pace as we head through the middle of the week. More importantly, as we round out Q3, many of those USD forecasts from Q2 calling for a lower...
Dollar Rallies on Fresh Data Beat
DXY Breaks OutThe US Dollar broke out to its highest levels since March yesterday as the latest round of US data added further uncertainty to the Fed outlook. August retail sales were seen coming in...
US CPI Beat Suggests Fed Not Done Yet
CPI Rises Again in AugustThe release of the latest US inflation data has done little to impact near-term Fed rate pricing, despite coming in above forecasts. Annualised CPI was seen rising to 3.7%...
Daily Market Outlook, September 12, 2023
Daily Market Outlook, September 12, 2023Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as the region adopted a cautious stance, lacking any fresh macroeconomic...
Dollar Under Pressure - Traders Await Inflation Data
Dollar Stalls on JPY DriveThe US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s...
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