Dollar Index Clings to 90 points Ahead of Crucial ADP and NFP Data Releases
Major pairs in FX space traded in a narrow range on Thursday, awaiting release of the Non-Farm Payrolls report on Friday. The downside risks for USD remain as preliminary labor market data for May...
Chinese Central Bank Takes Action Against Rising Yuan
PBOC Fighting Back The PBOC has taken a series of steps this week aimed at halting the ongoing rise of the Chinese Yuan. USCNH is down over 3.5% this year alone, and more than 11% from the 202 highs....
Fed To Unwind Corporate Asset Purchases
SMCCF To Be Unwound Speculation around when the Fed will begin tapering its massive monetary stimulus programme jumped back into focus overnight. In one of the first moves that signal the beginning of...
Aussie GDP Higher Than Pre-Pandemic
GDP Rises in Q1 Aussie bulls were given further encouragement overnight as the latest economic data came in above expectations. Aussie Q1 GDP came in at 1.8%, well above the 1.6% forecast. With this...
Aussie Rises As RBA Cites Faster-Than-Expected Recovery
AUD Higher Following RBA Meeting The Australian Dollar is seeing renewed demand over the European morning on Tuesday, following the June RBA meeting overnight. The RBA kept rates on hold, as expected...
Oil Breakout Sets the Stage for the Rally Towards the $75 mark
Forex trading was calm and uninteresting on Monday as UK and US markets were closed due to holidays. On Tuesday, we saw a weak attempt by the greenback to recover after the currency tumbled against...
Dollar Outlook for the Week: More Sales Ahead of the NFP
On Monday, the dollar index struggles to maintain support at 90 points. The attempt to go up on the inflation report failed miserably on Friday:Annual inflation in the US in April was the highest in...
Key Economic Events and Reports for the Week Ahead
The Federal Reserve’s key inflation measure, Core PCE, surged to 3.1% in April, raising concerns in the foreign exchange and equity markets. The dollar index rose briefly to the level of 90.40 on...
BofA: Demand for Safe Heavens Grows as Inflation Fears Persist
Investors boosted exposure to safe heaven assets in the week ended on Wednesday, including cash and gold funds, showed BofA flow data on Friday. The move could indicate growing concerns about early...
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