The Dow Jones eased somwhat on Friday, testing into 44,300. Despite a quiet end to the week, equities are poised for strong bullish closes. US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) … [Continue reading]
NZD/USD Price Analysis: Pair extends gains and settled around 0.5705, momentum builds
NZD/USD advances on Friday, holding above the key 0.5700 level. The pair maintains its uptrend, supported by bullish technical indicators. Focus remains on whether momentum can push the pair toward the next resistance level at 0.5750. The … [Continue reading]
Gold price nears record high on weak US Dollar
Gold nears all-time high, rises amid volatile US policy statements. Trump's WEF comments soften on Chinese tariffs and advocate lower rates, affecting the dollar. The US Dollar Index drops 0.62% to 107.44, weakening the Greenback and enhancing gold's … [Continue reading]
Eurozone CFTC EUR NC Net Positions: €-62.5K vs previous €-60.4K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
AUD/USD extends winning streak as Trump’s China deal hints weigh on USD
Pair jumps 0.42% to 0.6315 on Friday, buoyed by broad risk appetite. Trump expresses willingness to avoid tariffs on China, offers trade deal hints. Fed rate cut bets and upbeat sentiment pressure the US Dollar. Traders assess the latest US PMI data … [Continue reading]
United States CFTC Gold NC Net Positions: $300.8K vs $279.4K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Dollar closes a losing week after economic data
The US Dollar Index remains under pressure, testing the 107.50 level after a steep weekly decline of over 2%. S&P Global Composite PMI signals slower growth at 52.4 in January, compared to 55.4 in December. Markets now turn their attention to the … [Continue reading]
EUR/USD Weekly Forecast: Extra gains appear only temporary
EUR/USD manages to surpass the 1.0500 barrier, or five-week highs. The US Dollar comes under further downside pressure on US tariffs, China. The ECB is widely anticipated to trim its policy rate by 25 basis points. The Euro (EUR) maintained … [Continue reading]
DXY and EUR/USD are pretty stuck in ranges – Societe Generale
Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum. … [Continue reading]
USD/CHF remains on the defensive below 0.9050, US PMI data in focus
USD/CHF remains under selling pressure around 0.9045 in Friday’s early European session, down 0.23% on the day. Trump's rate cut calls undermine the USD against the CHF. Easing Middle East geopolitical tensions might cap the upside for … [Continue reading]