XAUUSD Forex News
All Eye on NFP Today
The dollar index remains elevated in recent highs as markets await the highly anticipated U.S. Nonfarm Payrolls (NFP) data today.
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12 days ago
Dollar Strengthen on Strong Economic Performance
The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump's inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend.
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14 days ago
Canadian Dollar Calm After Prime Minister Step-Down
Canadian Prime Minister Justin Trudeau announced his resignation after nine years in office, leaving the Canadian dollar relatively steady as markets look forward to new leadership.
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15 days ago
ATFX Market Outlook 3rd January 2025
The dollar is set for its best weekly performance in over a month, reaching a two-year high of 109.54 against other currencies due to expectations of fewer Federal Reserve rate cuts and a strong U.S. economy. Initial jobless claims dropped to an eight-month low, indicating a resilient labour market.
ATFX
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16 days ago
Dollar Strong on Resilient Job Data
The U.S. dollar extended its rally, with the Dollar Index (DXY) surging to 109.00 for the first time since November 2022 following upbeat economic data.
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19 days ago
Dollar Start the Year with Strong Momentum
The U.S. dollar delivered a strong performance in 2024, with the dollar index gaining approximately 7%, and it started 2025 on a positive note, hovering near its recent highs. The dollar remains supported by the Fed’s cautious approach to monetary policy, with hawkish expectations weighing on equities.
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20 days ago
Wall Street Continue to Slides On Hawkish Fed Expectation
Wall Street continued its downward trend, pressured by expectations of a more hawkish Fed policy in the near term. However, traders are anticipating a potential “Trump Trade” rally, as Donald Trump’s upcoming inauguration in January may boost sentiment in the equity markets.
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21 days ago
Wall Street Tumbles on Hawkish Fed Expectation
With shortened trading hours ahead of the New Year holiday, the equity market is anticipated to remain stable in thin trading.
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22 days ago
Dollar Buoys by Strong U.S. Treasury Yield
The U.S. Treasury yield continues to climb, reaching its highest level since May—a factor that could potentially strengthen the dollar further.
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23 days ago
Greenback Rallies on Fed Hike Bets
The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback's upward trajectory.
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26 days ago
