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USD Pushes Higher on Bumper PMI Data

USD Fighting BackIt’s been a wild ride for the US Dollar over the last two weeks. Following the heavy sell off we saw last Wednesday in response to softer US inflation, a string of hawkish comments...

Copper Drops on USD Recovery

Copper CorrectingCopper prices are seeing heavy selling pressure on Wednesday as a rebound in the US Dollar fuels a short squeeze from recent record highs. Copper futures have shed around 4% from the...

Dollar Climbing on Hawkish Fed Comments

USD RecoveringThe US Dollar continues to grind higher as the greenback recovers further ground on the back of last week’s inflation-driven fall. Data last Wednesday showed that US CPI cooled for the...

USD Caught Between Market Expectations & Fed Commentary

Fed Members Pushback Against Rate Cut ChatterThe US Dollar is trading a little lower across early European trading on Tuesday. The move comes despite a slew of Fed members yesterday voicing their...

USD Eases, Equities Rise, and Gold Surges Amid Geopolitical Tensions

The US Dollar is starting the week on a softer note, continuing the trend from last week, as equities climb and commodities trade higher. With European markets closed for a bank holiday, trading...

Dollar Bounces On Hawkish Fed Comments

DXY recovering Following Inflation SellingFollowing the sell off on Wednesday, the US Dollar is busy recovering losses as we head into the weekend. Earlier in the week, April US CPI came in at 3.4%...

Market Sentiment Shifts as Fed and ECB Stance Cautious, EUR/USD Dips

The EUR/USD pair saw a notable decline to 1.0850 during Friday's European session, as market sentiment took a cautious turn. This movement came in response to statements from Fed policymakers who...

Dollar Sinks As Inflation Softens

US CPI Falls (Finally)The US Dollar plunged lower yesterday on the back of the April CPI and retail sales readings. On the inflation front, annualised CPI was seen declining for the first time in six...

Dollar Slumps Despite Fed Rates Warning - CPI Next

PPI Jumps Again, CPI Up NextThe US Dollar has come under fresh selling pressure on Wednesday, despite hotter-than-forecast PPI data yesterday and hawkish comments from Fed chairman Powell. April PPI...