Fed in FocusAll eyes today are on the US Dollar as the Fed prepares to deliver its January FOMC decision. While no policy change is expected this time around, traders will be carefully scouting the...
Strong US Data Raises Hawkish Risks Into FOMC
GDP Beats ForecastsThe US Dollar is pushing higher on Friday following yet a further set of positive data yesterday. Advance Q4 GDP was seen at 3.3% vs 2% expected. While down from the prior quarter’s...
DXY Pulls Back On Yen Drive, ECB Next
Yen Rally Knocks USDThe Dollar rally looks to be taking a breather midweek with the DXY pulling back from the latest test of 103.48 resistance. An uptick in Japanese yields on the back of the latest...
ADP Drives USD Higher Ahead of NFPThe US Dollar is trading higher ahead of tomorrow’s keenly awaited NFP figures for last month. The first release of the New Year comes on the back of a...
USD Traders Eye Next Data Dump
USD Stays DownThe US Dollar remains under pressure as we commence the final full trading week of 2023. Last week, the Fed’s signal that rates will be cut next year acted as confirmation for those who...
Dollar At Lows Ahead of PMIs
USD Under PressureThe Dollar Index is on course to end the week at its lowest level since August having shed around 2.4% since Monday’s opening price. The main driver behind the move lower this week...
DXY PlungesThe US Dollar was seen plunging to its lowest level since early August yesterday as traders digested the latest Fed commentary. Fed’s Waller commented yesterday that he was encouraged by...
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