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Euro Breaking News: EUR/USD Slips on Poor EU ZEW Economic Sentiment Data, Parity at Risk

Posted by By 12/07/2022Posted inForex
The euro tanked after EU and German ZEW Economic Sentiment Index numbers missed expectations exposing 1.00 on EUR/USD.
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British Pound Latest – GBP/USD Bludgeoned by a Rampant US Dollar

Posted by By 12/07/2022Posted inForex
A different week but the same old story as the US dollar continues to surge in value against a range of currencies, including the beleaguered British Pound.
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S&P 500 May Blossom on Tariff Rollback, but Wilt on CPI Data

Posted by By 12/07/2022Posted inForex
The S&P 500 may rise if the Biden administration rolls back some of the Trump-era tariffs on Chinese goods, but that joy may be short-lived if CPI data exceeds expectations.
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Gold Prices Approach Potential Support as US Dollar Surges Ahead of US CPI

Posted by By 12/07/2022Posted inForex
Gold prices are nearing the September 2021 low as the US Dollar gains on risk-off flows. The US CPI data due out Wednesday is unlikely to offer bullion support as…
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Australian Dollar Tanks on US Dollar Strength as Inflation and Recession Weigh

Posted by By 12/07/2022Posted inForex
The Australian Dollar is under the pump as the US Dollar keeps gaining on recession threats and China slowdown hitting global growth. Where to for AUD/USD?
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USD/JPY Clears June Range to Push RSI Towards Overbought Territory

Posted by By 12/07/2022Posted inForex
Looming developments in the Relative Strength Index (RSI) may point to a further advance in USD/JPY as the oscillator is on the cusp of pushing into overbought territory.
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Bitcoin Falls Against Surging US Dollar as APAC Traders Gauge China Covid Flare-Up

Posted by By 11/07/2022Posted inForex
Bitcoin extended losses, driving prices near the high-profile 20,000 level, against a super-charged US Dollar. Economic growth fears are back in the spotlight after China's Covid cases rise.
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S&P 500, Nasdaq 100 Dive Ahead of Key US Inflation Data, Start of Earnings Season

Posted by By 11/07/2022Posted inForex
U.S. stocks fall on Monday amid fragile sentiment on recession angst ahead of the June US inflation report and the official start of the second quarter earnings season.
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AUD/USD Eyes June 2020 Low After Failing to Defend July Opening Range

Posted by By 11/07/2022Posted inForex
AUD/USD may attempt to test the June 2020 low (0.6648) as the exchange rate fails to defend the opening range for July.
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US Dollar Forecast: Fresh Yearly Highs for DXY Index, USD/JPY

Posted by By 11/07/2022Posted inForex
The US Dollar (via the DXY Index) has continued its meteoric climb.
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