Analysis
Dollar Steadies, Bond Yields Rebound; Wall Street Stocks Slip
The Dollar Index (DXY), which gauges the Greenback’s value against a basket of 6 major currencies steadied to finish at 104.27, little changed from previously. In volatile overnight trade, the DXY ratcheted to 104.67 on the higher-than-forecast US PPI before tumbling.
ACY Securities
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284 days ago
DXY Holds Strong Ground – Eyeing the 105+ Level!
The resurgence of the US dollar in 2024 persists, driven by robust jobs data and resilient inflation. Expectations for a full Fed rate cut have shifted to June, leading to the USD reaching three-month highs against currencies like AUD and JPY. The upcoming post-holiday sentiment in China will be crucial for AUD, but if the market sentiment leans towards stable Fed rates in the first half of the ye
ACY Securities
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284 days ago
Dollar Retreats on Weak US Retail Sales; Bond Yields Slump
The Dollar retreated following a slump in January Retail Sales to -0.8%, down from December’s 0.4% which was revised lower. Consumer spending in the US fell sharply.
ACY Securities
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284 days ago
Daily Global Market Update
Oil up 0.7% on overbought market. Aussie-Dollar steady, potential upturn. Euro-Dollar sideways, positive Stochastic RSI. Dollar-Yen stable. Chinese EVs expand, Nvidia's earnings rise. Asian markets upward. Key releases: Dutch Confidence, Finland CPI, Germany Report, UK House Price, China FDI, Korea Sentiment Index.
Moneta Markets
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285 days ago
Brent Crude Holds Near Two-Week High
Brent crude oil prices have shown resilience, hovering just below the $83.00 mark per barrel as of Monday, reaching a notable two-week peak.
RoboForex
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285 days ago
Dollar unable to capitalize on hot inflation prints
US producer prices come in hot, but dollar cannot sustain gains - Stock markets take a step back, Nvidia earnings to set the tone - Gold recovers recent losses with some help from geopolitics
XM Group
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285 days ago
Gold tests tricky area within 38.2% Fibonacci
Gold remains in trading range in short-term; Price rebounds off 1,984; MACD and RSI suggest buying interest
XM Group
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285 days ago
Bitcoin and Ether in area of light resistance
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin and Ether in area of light resistance
FxPro
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285 days ago
A Fed nightmare?
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: A Fed nightmare?
FxPro
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287 days ago
Jump in UK sales revives hopes of stagnation rather than recession
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Jump in UK sales revives hopes of stagnation rather than recession
FxPro
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287 days ago
Rate cut bets boosted by surprise dip in US retail sales
‘Higher for longer’ fears ease as US consumers spend less. Pullback in yields propels S&P 500 to another record close. Dollar softness props up euro as ECB doves get more vocal
XM Group
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287 days ago
Daily Global Market Update
Pound slightly up, Bitcoin volatile with conflicting signals, Oil strong, Aussie upward but overbought. Global news: Ethereum's Starnet project token allocation, Japan in recession. Economic highlights: UK Retail Sales, US Michigan Consumer Sentiment, Germany's Wholesale Price Index, Japan's CFTC JPY NC Net Positions, US Producer Price Index, UK's CFTC GBP NC Net Positions.
Moneta Markets
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288 days ago
Altcoins temporarily benefit from Bitcoin’s pause
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Altcoins temporarily benefit from Bitcoin’s pause
FxPro
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288 days ago
Soft Retail Sales Hammers Dollar
The Retail Sales figure disappointed at -0.8%, marking its lowest point since January 2023. This has fueled expectations for a potential rate cut by the Federal Reserve in May.
PU Prime
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288 days ago
Has the US stopped surprising markets with robust macro?
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Has the US stopped surprising markets with robust macro?
FxPro
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288 days ago
Oil bulls fail again
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil bulls fail again
FxPro
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288 days ago
All eyes are on the strongest Cryptos
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: All eyes are on the strongest Cryptos
FxPro
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288 days ago
US retail sales in focus after UK and Japan slip into recession
Goolsbee says Fed is on track even with inflation a bit higher - Dollar pulls back, US retail sales enter the limelight - Pound wounds deepen as UK economy slips into recession - Yen gains on fears of intervention, despite Japan’s downturn
XM Group
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289 days ago
WTI oil futures get rejected at 200-day SMA
WTI futures retreat after testing 200-day SMA ; Pattern formation resembles a double top ; Momentum indicators weaken but remain positive
XM Group
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289 days ago
Daily Global Market Update
Euro up slightly, Dollar/Yen down a bit, Gold stable, Alibaba stock gains. Global highlights: Yen strengthens, UK inflation steady, gold near two-month low. Upcoming: US Retail Sales, Australia Unemployment, Dutch Unemployment, UK GDP, Japan Industrial Production, US Industrial Production.
Moneta Markets
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289 days ago