AUD/USD falls towards 0.7070 but in the week gained around 0.15%
The Australian dollar finished the week in an upbeat tone, with gains of 0.15%. A dismal market mood was not an excuse for the AUD to appreciate vs. the greenback. … Read More
Tag: Macroeconomics
GBP/USD to finish the week under 1.3100 on a firm US dollar
The GBP/USD is gaining up some 0.18% in the week amidst a thin liquidity trading session. A buoyant US dollar and risk-aversion weighed on the British pound in the week. … Read More
ISM Services PMI falls to 62.0 in December vs. 66.9 expected
The headline ISM Services index fell to 62.0 in December from 69.1 in November. The New Orders subindex fell to its lowest since November. The Institute of Supply Management’s headline … Read More
AUD/USD pulled back towards 0.7220s amid liquidity conditions on Christmas eve
The greenback gains some ground against the aussie, amid closed US equity and money markets. Covid-19 positive news improved investors’ mood as the year-end looms. AUD/USD Price Forecast: Bulls prepare … Read More
US Dollar Index breaks above the ascending triangle accelerate towards 98.00
The US Dollar Index ended the week above the 96.50 threshold. The US 10-year Treasury yield finished down, at 1.412%. DXY Technical outlook: Breaks above the ascending triangle, USD bulls … Read More
XAU/USD climbs as the New York session winds down, steady at $1784
XAU/USD recovered as the New York session winds down, up 0.85%. The US 10-year Treasury yield plunged, down almost ten basis points, finishing the week at 1.358%. XAU/USD: A break … Read More
Yields ignore hawkish Fed minutes as US inflation expectations contradict PCE data
US Treasury yields reversed from monthly high despite upbeat catalysts. FOMC Minutes, Core PCE Inflation favored bond bears. US inflation expectations drop back to three-week low. Thanksgiving Day holiday restricts … Read More
Bulls keep reins around 0.7350 on upbeat China data
AUD/USD stretches Friday’s recovery moves from a five-week low. China Retail Sales, Industrial Production both crossed market forecast, prior during October. Market sentiment remains mildly bid amid stimulus hopes, receding … Read More
XAU/USD up for the second consecutive week above $1,790 after Powell comments
XAU/USD ended the day in a high tone, clung above $1,790.00. Fed’s Chairman Powell: High inflation will likely last well into next year. XAU/USD: Has an upward bias, but higher … Read More
USD/JPY rallies to three-year highs above 114.00 amid risk-on market sentiment
USD/JPY soars during the week, despite US dollar weakness across the board. Rising US T-bond yields underpins the USD/JPY pair. US Retail Sales upwardly surprised, rose by 0.7%, more than … Read More