Caterpillar benefits from solid Durable Goods Orders data on Monday. NASDAQ, growth stocks move lower on the good economic news. Dow Jones Industrial Average hits new all-time high. CAT stock…
UPCOMING EVENTS:Monday: PBoC MLF, German IFO, US Durable Goods Orders.Tuesday: US Consumer Confidence.Wednesday: Australia Monthly CPI, Nvidia Earnings.Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims.Friday: Tokyo CPI, Japan Retail…
Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar Index (DXY) falls 0.82% to…
Bank of America highlights that historically, the US Dollar Index (DXY) tends to rise from August through US election day in November, suggesting potential USD strength leading into the upcoming…
GBP/USD hovers below 1.3100, with price action suggesting buyer caution amid Fed rate cut uncertainty. A break above 1.3100 could target the YTD high of 1.3130, with further gains towards…
We're getting the point where we need to really zoom out to paint a picture of the foreign exchange market. A great example is in cable, where the daily chart…
The JPY has been on a wild ride in recent weeks, gaining over 14% against the US Dollar (USD) in just 18 trading days before retreating about 4% to stabilize…
Powell delivering speech at Jackson Hole 2023MUFG emphasizes that this week's US yield and USD movements will largely hinge on two critical events: the release of the FOMC minutes from…