USD Faces Pressure Amid Divergent Central Bank Policies
The US Dollar finds itself once again at the mercy of central bank maneuvers and economic indicators, as evidenced by today's market movements. As the greenback struggles to maintain its...
Dollar Holding Support Ahead of Data
US Data DueThe US Dollar continues to trade in a very tight range ahead of today’s US ISM services PMI. Price action in DXY has stagnated over the last week in response to a slew of...
Dollar Braces for a Second Retest of the Key Resistance Level
On the backdrop of Super Tuesday and anticipation surrounding the potential resurgence of former US President Donald Trump in the Republican Party, the US Dollar commenced the week with a vigorous...
USD/JPY Eyes Three-Month High as BoJ Divergence and Fed Expectations Drive Market Dynamics
The USD/JPY pair is striding confidently towards a three-month high of 151 level, fueled by a blend of divergent central bank. As the Japanese Yen weakens in response to signals from the Bank of...
Dollar Boosted By PCE Data
Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...
Mixed US Data Signals Disappoint USD
In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the...
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...
Fed In Focus As Traders Await US PCE Data
USD On WatchThe US Dollar is in focus this week as traders brace for a slew of tier-one data. The headline release to focus on will be core PCE data due on Thursday. Given the importance of the data...
Dollar Slumps Despite Hawkish Fed Minutes
USD Falls Despite Hawkish Fed MinutesThe US Dollar is trading lower today on the back of yesterday’s FOMC minutes, despite the minutes taking a broadly hawkish tone. Policymakers agreed that...
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