Mid-week Forecast – Dollar pare losses to attempt bullish retracement
The dollar cut back losses during Wednesday’s Asian session as the index retraced to 93. Ahead of the London open, the Sterling and Yen joined the greenback on the gainers list while Swissy falls further as CAD and Aussie retreat slightly. What’s coming ahead? There is little to talk about on the economic calendar on […]
US CPI Preview – how inflation report could drive the Dollar and EURUSD
The dollar stays firm ahead of the US inflation reports coming later today. The index is close to breaking toward its highest level in over four months. However, the rally is squeezing around a key resistance level. The dollar continues to dominate its peers, gaining the edge from the recent tapering comments from Fed members. […]
Dollar recovers from the FOMC slump as Sterling and Euro falter
On Friday, the dollar is staging a fast recovery from the FOMC slump. The broad USD strength forced Sterling and Euro downside as the week draws to an end. Meanwhile, the happens despite the loss of momentum on the treasury yield. On Thursday, the FOMC came all dovish and the dollar slumped as a result. […]
Daily Market Analysis: near zero Fed rates plan supports the Dollar
The dollar jumped by 0.7% on Wednesday after the US Federal Reserve concluded its two-day monetary policy meeting with major focus on keeping the interest rate near zero until 2023. Here is today’s daily market analysis The US Central Bank is unrelenting in its effort to support its economy following the Coronavirus hit. After injecting […]