US Dollar Gains on Strong Durable Goods Data as Powell Keeps Markets Guessing
This week, the spotlight is firmly on the US dollar, buoyed by a remarkable surge in Durable Goods Orders and the ongoing reverberations from Federal Reserve Chairman Jerome Powell's speech at...
Stocks Rally As Powell Gives September Rate-Cut Signal
Stocks Higher on Fed SignalsUS stock markets are starting the week on a strong footing following Fed chairman Powell’s dovish remarks on Friday. Speaking at the Fed’s Jackson Hole Symposium, Powell...
The US dollar (USD) is showing signs of softness, attempting to hold on to the gains achieved after Thursday’s economic data release and comments from key Federal Reserve officials. However, the...
Will Fed/BOJ Divergence Drive Fresh USDJPY Selling?
JPY Back On WatchThe Japanese Yen has fallen out of the spotlight in recent weeks following the seismic shift we saw in JPY FX rates across the start of August. JPY strengthened sharply on the back of...
Oil Recovering Following EIA Drawdown Data
Crude Fighting BackFollowing heavy selling across the start of the week, oil prices have since stabilised and are now starting to recover. Crude futures found support into the 72.61 level with the...
Technical signal triggers Dollar recovery but soft US labor market data weighs on sentiment
The US Dollar began a rebound on Thursday after the Dollar Index (DXY) touched a yearly low, triggering traders to capitalize on a strong and clear technical signal:The latest revisions to the US...
The FTSE Finish Line - August 22 - 2024
The FTSE Finish Line - August 22 - 2024FTSE Flatlining Again, JD Sports Shines In A Slow Summer TapeThe U.S. Federal Reserve's expected interest rate decrease, which has been boosting market...
Dovish Fed Shift Sends Bearish USD Signals
FOMC Minutes Show Growing Rate Cut SupportLast night’s FOMC minutes delivered on the dovish side as expected. The minute showed that several members were in favour of a cut last month while the ‘vast...
Pound Soars on Strong PMI Readings
Better UK Data… AgainThe British Pound continues to storm higher against the Dollar this week. Against a backdrop of elevated Fed easing expectations, further positive UK data is casting uncertainty...
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