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...
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%...
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...
Calm Before the Storm in FX
US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the...
NFP Plunge Puts Fed Easing Back in Focus
NFPs Undershoot ForecastsThe US Dollar is looking a little more stable on Tuesday after Friday NFP-driven sell-off saw the DXY finding support into lows, trading back above the 104.95 level for now. ...
USD Retreats As Powell Dials Back Hawkish Signals
No Joy for USD BullsThe US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its...
Dollar Breaks Support Ahead of NFP Release
NFP in focusAll eyes are on the US Dollar today as traders get ready for the release of February jobs data. On the back of a string of bumper labour reports over recent months, the market is expecting...
Dollar Testing Support Following GDP Miss
Soft Data Weighing on USDThe US Dollar remains muted as we move through into the back end of the week. Yesterday, advance Q1 GDP came in a touch below forecasts at 3.2% vs 3.3% expected. On the back...
What Next Following Last Week's Copper Rally?
Copper Rally Pauses for NowCopper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar...
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