TAG: United States dollar
Asia Day Ahead: Hot US inflation print drives near-term shunning, Indonesia election in focus
Market Recap A hotter-than-expected print in US January consumer price index (CPI) data kept Wall Street on the backfoot overnight, as market participants recalibrated their rate expectations to price for a later timeline for Federal Reserve (Fed)’s rate...
7 months ago
AUD/USD, EUR/USD and GBP/USD under pressure as greenback appreciates
AUD/USD nears support AUD/USD slips towards its $0.6478 March low which may offer short-term support. Below it lies the February low at $0.6443. This level will remain in play as long as no bullish reversal above $0.6634 is seen. Source: TradingVi...
6 months ago
Trade of the week: short Dow Jones
We would thus like to go short the index on a bounce back towards 39,700 with a stop loss at 40,100 and a downside target at 38,550. (AI Video Summary) Previous USD/JPY trading outcome In this week's "Trade of the week" video, Axel Rudolph starts by d...
6 months ago
NFP Preview: Dollar in focus
(AI Video Summary) The impact of the NFP report due this Friday The upcoming non-farm payroll (NFP) report this Friday is going to have a big influence on the market. If the data shows a higher number than expected, it could change people's expectations a...
6 months ago
Look ahead: China Caixin services PMI; eurozone CPI; US ADP employment; Oil; OPEC
The ADP employment change reading could be interesting in a week when we get the most recent NFP print. Plus, keep an eye out for EIA crude oil inventories as the OPEC & non-OPEC ministerial meeting gets underway. (AI Video Summary) Caixin Service...
6 months ago
Trading volatility: EUR/USD eyes US inflation and ECB rates decision this week
(AI Video Summary) Watching EUR/USD pair in the coming week The week of April 8th presents notable trading risk events, particularly in the US CPI inflation data release and the FOMC meeting minutes. Following these, the ECB's policy statement and rate an...
6 months ago
EUR/USD, GBP/USD and USD/JPY slip on pared back US rate cut expectations
EUR/USD rally pauses ahead of NFP The EUR/USD rally off the $1.0724-23 December and early-February lows has taken it to Thursday's $1.0874 high before giving back some of its recent gains ahead of today's Non-Farm Payrolls data release. The $1.0874...
6 months ago
The Fed remains cautious
European markets European markets closed higher on Wednesday, shaking off some of the negative sentiment seen at the start of the new quarter. In the US, the S&P 500 and Nasdaq composite posted modest gains. In Asia, Japan’s Nikkei outperformed the re...
6 months ago
AUD/USD climbs amid commodity surge and positive PMIs
AUD/USD's strong rebound The AUD/USD showed notable resilience last week, rebounding from below 0.6500 on Monday to nearly touching 0.6600 by week's end. This recovery was largely driven by rising commodity prices and unexpectedly strong global PMI figure...
6 months ago
US rate cut forecasts draining out of the markets
Fed funds futures contracts for December now show expectations of around 60 basis point cut in total this year, compared to the 150 basis points priced at the start of 2024. The CME FedWatch tool has also dropped. Now 50% expect a 25 basis point cut in Ju...
6 months ago
GBP/USD, EUR/JPY and USD/JPY continue to grind higher
GBP/USD remains bid GBP/USD grapples with the 55-day simple moving average (SMA) at $1.2668 and the March-to-April downtrend line at $1.267. Above these levels beckons last week's high at $1.2684 and the 22 February high at $1.271. Minor support sit...
6 months ago
EUR/USD, EUR/GBP and AUD/USD rallies pause ahead of US CPI
EUR/USD awaits key US data EUR/USD awaits key US data and is expected to trade in low volatility beforehand. Resistance sits in $1.0885 to $1.0897 region, a rise above which would eye the $1.0942 late March high. Potential slips should find support a...
6 months ago
Trading the trend: short soybeans
(AI Video Summary) Previous GBP/USD, Brent crude and EUR/CHF trading outcomes In this week's episode of "Trading the trend", Axel Rudolph discusses recent trades that he's conducted in forex and commodities. The long position on GBP/USD (cable) since 20 M...
6 months ago
EUR/USD, GBP/USD took a hit while USD/JPY surged higher post US CPI print
EUR/USD fell out of bed EUR/USD swift bearish reversal has taken it back down towards key support seen between $1.0725 and $1.0694. Here the cross is expected to once again stabilize, at least short-term. If not, a longer-term bearish signal would be trig...
6 months ago