EUR/USD Trends Bearish Amidst Diverging Rate Paths
In a recent analysis, Fawad Razaqzada, Market Analyst at City Index, notes a growing bearish trend in the EUR/USD currency pair. This week witnessed significant developments as the EUR/USD broke below crucial support levels, including 1.0795 initially, followed by a
Read MoreUS Labor Market Report Influences Dollar Surge
The US Dollar experienced a significant recovery following the release of robust US labor market data, leading to a postponement of the anticipated first Federal Reserve rate cut to September. Market Response to US Labor Data The Pound to Dollar
Read MoreDollar Strengthens Amidst Fed’s Hawkish Tone
The Dollar has shown resilience following remarks from a prominent member of the U.S. Federal Reserve, signaling a departure from market expectations of immediate interest rate cuts. Chris Turner, Head of FX Research at ING Bank, notes that Christopher Waller’s
Read MoreUK Retail Sector Shows Signs of Recovery Amidst Economic Rebound
UK retail sales remained stagnant in February, a figure that exceeded expectations and signals a continued trend of improvement, indicating the UK’s departure from recessionary territory. Performance Metrics and Economic Outlook Despite February’s retail sales registering at 0.0% month-on-month, surpassing
Read MoreEuro-Dollar Forecast Downgraded Amid Shifting Economic Conditions
Analysts at SEB, the Scandinavian lender and investment bank, have revised their forecasts for the Euro-Dollar exchange rate, suggesting a potential breakout towards lower levels in the near future. Indicating a shift in economic conditions, SEB’s analysts believe that recent
Read MoreCanadian Dollar Stumbles Despite Strong Job Report; U.S. Influence Looms Large
The Pound to Canadian Dollar exchange rate reached a new 6-month high at 1.7314, following a Canadian jobs report that surpassed expectations. Despite the upbeat data, the Canadian Dollar finds itself among the day’s second-biggest G10 losers, reflecting its role
Read MoreDollar Strengthens Amidst Shifting Fed Expectations in 2024
In a recent update, Apollo Global Management, a major American money manager, has revised its outlook, suggesting that the Federal Reserve is unlikely to cut interest rates throughout 2024. This projection, if accurate, holds significant consequences for financial markets, especially
Read MoreTD Securities Predicts RBNZ Interest Rate Hikes Amid Surging Inflation Expectations
TD Securities has joined the ranks of banks forecasting the Reserve Bank of New Zealand (RBNZ) to raise interest rates, adding momentum to the recent strength of the New Zealand Dollar. In a research note indicating a change in
Read MoreThe Interplay Between USD and Tech Stocks: Unveiling Market Dynamics
In recent discussions within the foreign exchange (FX) community, there is a growing debate on whether the fervor for Nvidia shares among investors is transcending into currency markets. This week’s attention has been drawn to the notable pullback in the
Read MoreCommerzbank’s Positive Outlook for New Zealand Dollar Amid Challenges
The New Zealand Dollar has encountered challenges recently, influenced by various factors, according to an analysis by Commerzbank. Despite facing pressure due to broader U.S. Dollar strength and domestic issues, the analysis suggests a more optimistic outlook for the currency
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