US June CPI strips dollar of any support as odds of hawkish Fed outcome plummet The US June CPI report left the dollar entirely defenseless, causing the US currency index to plummet to nearly 100 level: image As seen in the chart, this is the ...

Daily Market Insights & Charts

The flow of US data dashes hopes of a pause in the Federal Reserve's tightening Gold investors appear to have become weary of waiting for low interest rates (as central banks show no indication of halting their current tightening course), ...

Daily Market Insights & Charts

Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England's may go into overdrive with the policy ...

Daily Market Insights & Charts

Yen left adrift as Bank of Japan’s dovish position holds steady The dollar is gradually recovering after major losses last week: image The plunge occurred on Thursday following the release of US import price data. In May, import prices declined by ...

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ECB takes the mantle in policy tightening, opening door for Euro’s rise The European Central Bank (ECB) managed to meet the market's hawkish expectations at yesterday's meeting. Like the Federal Reserve (Fed), the European regulator attempted to ...

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Chances of a Fed June pause grow, focus shifts on July decision The US inflation report for May could have caused serious market tremors yesterday, but this time the market's forecast was accurate. Core inflation accelerated to 0.4% on a monthly ...

Daily Market Insights & Charts

Markets struggle to pin down a turning point in US expansion The dollar hit a corrective low yesterday following release of US labor market data: image The US Dollar Index (DXY) fell below the 104.40 level, marking a low point in the retracement ...

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Dollar extends pullback but buying pressure may resurface in the run-up to May CPI report The trend corridor for USDCAD held its ground despite the unexpected decision by the Bank of Canada to raise interest rates by 25 basis points at yesterday's ...

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Dollar index: Bearish channel keeps short-term buying pressure in check The dollar upturn eventually lost steam yesterday as there was no significant correction in risk assets following new local high in the S&P 500. The dollar index (DXY) dipped ...

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Is dollar rally losing steam? New banking sector shocks prevent the Fed from rising too high and too fast Contrary to expectations, the number of job openings per unemployed person in the United States increased again in April. JOLTS reported this ...

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Inflation surprise for the ECB EURUSD slipped by almost half a percent during Asian trading on Wednesday: image As mentioned in the previous article, it might be wise to hold off on shorting the dollar. Other majors are also losing ground, except ...

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US data surprises on the upside, confirming Fed concerns about inflation rebound Core PCE for April confirmed market concerns that consumer inflation in the US is accelerating again: image Overall, it is not surprising as top Federal Reserve ...

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UK inflation spike sparks global market concerns. S&P 500 on the point of breaking downside The data on British inflation has seriously concerned the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation ...

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Financial Markets Update: Gold's Technical Chart Signals Potential Downside, Hawks Gain Momentum After a fragile and fleeting Monday equilibrium following the "balanced" statement by the head of the Federal Reserve, Powell, the markets have once ...

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Powell disappoints market hawks, dollar braces for Fed Minutes surprise Risk-free rates in the US have decreased by 5-10 basis points, and gold prices have risen after Powell's speech on Friday. The head of the central bank avoided the hawkish ...

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Treasury Yields Rally And Recession Fears Abate. No Fed Pause in June? The rally in Treasury yields is encountering minimal resistance, and mid-March levels have already been reached: image Recently, comments from top Federal Reserve (Fed) ...

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Dollar Index Surges to Highest Level in Months, US Equities Rally The dollar index has risen to its highest level since the end of March, the rally yesterday was accompanied by a pickup in US equity market and bond rout (a signal that the Fed may be ...

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Mixed Economic Signals: Eurozone GDP in Line with Expectations, Weakened Sentiment, and Potential Dollar Surge Second estimate of Eurozone GDP for the first quarter came in line with expectations, showing a modest quarterly growth of just 0.1% and a ...

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Mixed US inflation data add odds to potential dollar reversal After reaching a maximum level since the beginning of April last week, the dollar retraced on Monday, previously breaking upward from below a bearish channel that began in October 2022. ...

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Inflation Report Boosts Dollar, Fed's Pause Looms: Market Insights The inflation report gave the dollar a little boost, causing it to gain almost half a percent against the euro and Swiss franc on Thursday. Commodity currencies took a hit alongside ...

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