USD Breaking News: Core PCE Data Leaves Dollar on the Backfoot
The US dollar continues its downward trajectory after the core PCE statistic showed support to Fed Chair Jerome Powell’s dovish statement last night.
US Equities Update: S&P 500, Nasdaq, Dow Rise on Dovish Powell
US equities shot up after Fed Chair Powell’s dovish comments which dovetails nicely with the positive sentiment out of China as easier lockdown measures are considered
British Pound Latest – GBP/USD Prints a Fresh Multi-Month High
Cable is benefitting from the latest US dollar sell-off and is now probing an important long-term technical indicator.
USD/JPY Update: BoJ and Fed Chair Powell’s Comments Form Perfect Cocktail for Yen Gains
USD/JPY picked up steam yesterday as the dollar index recorded its worst month of losses in 12 years. Further downside ahead or time for a retracement?
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Euro (EUR) Latest: EUR/USD Set For Further Gains After Fed Powell’s Dovish Nudge
Fed chair Jerome Powell yesterday indicated that the Fed is set to reduce the size of future rate hikes although he reiterated that rates may need to be held higher…
AUD/USD Forecast: Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed
The Australian dollar pushed higher on the back of a weaker USD and an improving Chinese COVID situation leaving AUD/USD above 0.68.
Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?
The Japanese Yen continued higher after US Dollar today as the market has deciphered Fed Chair Powell’s comments are not as hawkish as had been feared. Where to for USD/JPY?
S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead
With less than two weeks to go until the last FOMC rate decision of the year, Fed Chairman Jerome Powell addressed the markets with remarks to suggest a smaller pace…
US Dollar Sails South as Powell Puts the Fed Case Forward. How Low Can USD Go?
The US Dollar was smashed after hawkish comments by Federal Reserve Chair Jerome Powell overnight were interpreted as a dovish tilt by markets. Will real yields drive the DXY (USD)…