Gold Capped at ResistanceGold prices are on watch as we start the new week with the futures market still knocking on the door of the 2,949.88-resistance level which has capped the current rally for...
Dollar Index Holding at Key Support
USD Bounces Off LowsThe US Dollar is bouncing off the lows today, offering some hope that the recent sell-off might be coming to an end. The DXY has suffered an almost 4% correction from YTD highs...
Dollar Rises on Hawkish Fed Comments
Waller Backs Pause in EasingThe US Dollar is trading in the green so far today with the DXY bid on the back of hawkish comments from some Fed policymakers yesterday. Fed’s Waller voiced his support...
USDJPY Sinks On Stronger Japanese Data
Strong Yen on MondayUSDJPY has come under fresh selling pressure on Monday amidst an uptick in BOJ tightening expectations. The shift comes in response to data overnight which showed that the Japanese...
Gold Rally Pauses - Where to Next?
Gold Market Drivers: Geopolitical Risk BackdropGold prices have been on a solid run over the last two months with the futures market logging a roughly 15% gain from the December lows. Rising global...
Dollar Plunges on Fading Trade War Risks
Fading Trade War RisksThe US Dollar is on course to end the week in the red today with the Dollar index seen breaking support, now trading at 8-week lows. The move south comes in response to Trump’s...
Dollar Falls as Peace Talks Overshadow Hot-Inflation
Dollar Falls Despite Hot InflationThe US Dollar has come under fresh selling pressure today despite a set of hotter-than-forecast inflation data yesterday. Annualised US CPI was seen rising to 3% last...
USDJPY Spikes Higher Following Powell Comments
Yen Falling Hard MidweekDespite coming under pressure elsewhere in FX markets today, the Dollar is rallying firmly against the Japanese Yen. The higher-for-longer view on US rates has seen JPY coming...
Inflation to Drive US Dollar Today
US Dollar on Watch TodayAll eyes are on the US Dollar today as traders brace for the latest set of US inflation readings due this afternoon. Yesterday, Powell told congress that the Fed would hold...
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