September 14, 2023
Via: DailyFXGold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]
September 6, 2023
Via: DailyFXGold prices fell almost 0.7 percent on Monday marking the worst 24-hour period in over one month. In response, retail traders decreased their downside exposure. This can be seen by taking a look at IG Client Sentiment (IGCS), which often […]
September 5, 2023
Via: DailyFXThe U.S. dollar index soared to a six-month peak on Tuesday (104.90) on the back of a strong advance in U.S. government rates. Against this backdrop, USD/JPY (U.S. dollar – Japanese yen) staged a solid rally, rising around 0.8% to […]
August 28, 2023
Via: DailyFXThe Euro appears to be eyeing a temporary reprieve and recovery on Monday following a trying time last week. EURUSD put in its 6th consecutive week of losses while EURGBP actually ended the week strong following an early week sell-off […]
August 21, 2023
Via: DailyFXGold prices concluded a 4th consecutive week of losses this past Friday. In fact, so far this month, the yellow metal is down about 3.6 percent. That marks the worst performance since February. In response, retail traders have become increasingly […]
August 9, 2023
Via: DailyFXEuropean assets began trading on the front foot this morning after the announcement of a surprising Italian bank tax sent markets lower yesterday. The tax had been brought up before but had since gone off the boil, so while markets […]
July 20, 2023
Via: DailyFXThe euro picked up some support ahead of the European session as German PPI data (see economic calendar) beat estimates that could point to continued inflationary pressures within the German economy. This falls in line with yesterday’s CPI report but […]
July 18, 2023
Via: DailyFXGold prices have enjoyed a good bounce following a selloff in yesterday US session pushed the precious metal below the $1950 handle. The move was short lived however, as buying pressure returned and continued through the Asian session with Gold […]
July 14, 2023
Via: DailyFXIG client sentiment data shows 45.50% of traders are net-long AUD/USD, with the ratio of short to long sitting at 1.20 to 1. The number of traders who are net-long is 21.36% below yesterday’s levels and 39.21% lower from last […]
July 10, 2023
Via: DailyFXThe Bank of Canada will announce its July monetary policy decision on Wednesday. Markets expect the central bank to raise borrowing costs by 25 basis points to 5.0%, the highest level since 2001, as part of the ongoing fight against […]
June 26, 2023
Via: Banking DivePacWest has agreed to sell a $3.54 billion portfolio of lender finance loans to asset manager Ares Management Corp., the bank said Monday in a filing. “This transaction will improve our liquidity and capital as we continue to implement our […]
June 20, 2023
Via: DailyFXThe Australian dollar is on offer this morning against the US dollar even though the greenback remains relatively flat as measured by the DXY index. The selloff stemmed initially from concerns around the Chinese economy as the PBoC cut both […]
Capital and Risk, Liquidity, Macroeconomic
June 15, 2023
Via: DailyFXCrude oil remains relatively depressed this Thursday morning after a drop yesterday post-FOMC. The Federal Reserve decided to keep rates on hold; however, central bank guidance was rather hawkish considering the lead up to the announcement was on the bearish […]
June 12, 2023
Via: DailyFXThe British Pound made gains on the United States Dollar on Monday as a week packed with central-bank interest-rate decisions kicked off. We’ll hear from the European Central Bank and the Bank of Japan but, of course, the US Federal […]
May 15, 2023
Via: DailyFXGold starts the week on the front foot after testing $2k support in the last couple of sessions. The precious metal continues to respect this level and with little in the way of high-impact economic data on the calendar this […]
May 5, 2023
Via: DailyFXThe Swiss Franc has emerged as one of the top performers against the US dollar in 2023 as declining rate expectations in the US and safe-haven appeal of the franc influence the fundamental landscape. The franc has appreciated around 4.4% […]
April 21, 2023
Via: DailyFXThe Dollar Index (DXY) has managed to trade marginally higher this Friday morning as we enter the European session. In what has been a muted Asian session, the greenback has found support from hawkish Fed speak last night. The Fed’s […]
April 13, 2023
Via: DailyFXThe UK economy stood still in February as industrial action in various areas of the services sector contributed to UK growth flatlining. The latest Office for National Statistics (ONS) monthly GDP data showed no growth in February with the services […]
March 30, 2023
Via: DailyFXGBP/USD traders will have found life difficult this week with the pair moving sideways to marginally higher in a tight trading range. Both the British Pound and the US dollar have had little reason to move either way with a […]
March 23, 2023
Via: DailyFXGold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, […]