TAG: arslanrecap
EUR/USD, GBP/USD, DXY Price Forecast: DXY Slips Below $103; US CPI in Focus
Market OverviewOn Wednesday, the UK’s CPI came in at 2.2%, slightly below the 2.3% forecast, while the Core CPI dropped to 3.3%, missing expectations of 3.4%.The EUR/USD showed little movement following France’s Final CPI, which held steady at 0.2%, align...
2 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Steady at $102.57, Retail Sales Key
Market OverviewRecent data releases have provided mixed signals, such as, the U.S. Consumer Price Index (CPI) met expectations, with a 0.2% increase month-over-month and a 2.9% year-over-year rise, slightly below the anticipated 3.0%.These figures have ke...
2 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Battles $103—Is a Sell-Off Ahead?
Market OverviewRecent U.S. data showed a mixed bag for the markets, influencing the EUR/USD, GBP/USD, and the Dollar Index. Retail Sales jumped by 1.0% in July, far surpassing expectations of a 0.4% rise, which signals strong consumer spending.However, Un...
2 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Drops 0.24%, Will $102 Support Hold?
Market OverviewLast Friday was quite eventful for the currency markets. The GBP/USD pair saw mixed reactions after UK Retail Sales for July came in lower than expected at 0.5%, missing the forecast of 0.6%.Meanwhile, the U.S. Building Permits for July dro...
1 month ago
EUR/USD, GBP/USD, DXY Price Forecast: Dollar Index Up 0.13%, Watch $101.78 Pivot
Market OverviewOn Monday, the Dollar Index (DXY) showed resilience following FOMC Member Waller’s speech and the release of the CB Leading Index, which declined more than expected to -0.6% from the previous -0.4%.Despite this dip, the Dollar Index held st...
1 month ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Eyes Rebound Above $101; Bullish Retracement?
Market OverviewOn Tuesday, the EUR/USD pair remained steady after Germany’s Producer Price Index (PPI) came in as expected at 0.2% m/m. The Euro was further supported by a stronger-than-expected Current Account surplus of €50.5B, surpassing forecasts of €...
1 month ago
EUR/USD, GBP/USD, DXY Price Forecast: Euro Struggles Post-PMI, DXY Targets $101.75
Market OverviewThe EUR/USD pair saw some volatility on Tuesday following mixed data from France and Germany. France’s Flash Manufacturing PMI dropped to 42.1 from the previous 44.0, while the Services PMI rose slightly to 50.2.Similarly, Germany’s Manufac...
1 month ago
USD Sentiment Wavers as Bond Yields Stall—What’s Next for the Dollar?
Market OverviewOn August 22, the USD saw mixed data releases. Unemployment claims held steady at 232K, matching forecasts but slightly up from the previous week’s 228K.The Flash Manufacturing PMI dropped to 48.0, below expectations of 49.5, signalling a c...
1 month ago
Dollar Index Nears Key Support $100.5: Will Fed’s Dovish Tone Spark a Bullish Reversal?
Market OverviewLast week’s key event was Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium, where he made it clear that “The time has come for policy to adjust. The direction of travel is clear.” His comments suggest that the Federal Reserve...
1 month ago
US Dollar Faces Resistance at $100.92—Can Bond Yields Push DXY Higher?
Market OverviewRecently, the EUR/USD pair has been under pressure, with the Euro struggling against the Dollar. Germany’s Ifo Business Climate index, a key indicator of economic health, fell to 86.6, missing expectations of 87.0. This softer data undersco...
1 month ago
Dollar Index Stabilizes Above $100.50: Will Upcoming US Data Drive Further Gains?
Market OverviewOn August 28, the EUR/USD pair faced downward pressure, trading around $1.1150 as the Dollar Index (DXY) gained 0.18% to $100.77. U.S. Consumer Confidence rose to 103.3, surpassing the forecast of 100.9, which supported the Dollar.Meanwhile...
1 month ago
Dollar Index at a Crossroads: Can Strong GDP Push DXY Above $101.17?
Market OverviewOn August 28, the Euro was pressured after the Eurozone’s M3 Money Supply growth came in at 2.3% year-over-year, in line with expectations but down from the previous 2.7%. Private Loans growth remained sluggish at 0.5%, indicating softer ec...
1 month ago
Dollar Index Near $101.274 Pivot: Will Treasury Yields Fuel Further Gains?
Market OverviewThe EUR/USD is currently trading at $1.10775, showing little movement after mixed Eurozone data. Germany reported a 0.4% decline in import prices, while French GDP remained 0.2% for Q2. Meanwhile, the U.S. 10-year bond yield hovers near 3.8...
1 month ago
US Dollar Strengthens as Treasury Yields Hover Above 3.90%, EUR/USD Under Pressure
Market OverviewOn August 30th, the Eurozone released its CPI Flash Estimate, which held steady at 2.2% year-over-year, matching expectations but reflecting a continued slowdown from the previous month’s 2.6%.The U.S. Core PCE Price Index, a key inflation...
1 month ago