Tag: US Dollar

July 2, 2024

Recent retail trading data indicates that 57.14% of traders have taken long positions on EUR/USD, with a ratio of 1.33 long traders for every short trader. The number of long positions has increased by 26.08% since yesterday and 6.42% since last […]

May 16, 2024

In the ever-changing world of trading, it’s easy to be tempted by the herd mentality – buying into surging markets and panicking during downturns. Yet, experienced traders recognize the potential embedded within contrarian approaches. These strategies involve going against the […]

March 14, 2024

The U.S. dollar experienced a slight dip on Wednesday, although its descent was cushioned by an uptick in U.S. Treasury yields. In any case, FX volatility remained subdued as traders appeared to refrain from taking large directional positions ahead of […]

January 10, 2024

The Japanese Yen has fallen back to mid-December’s lows against the US dollar on Wednesday as more weak wage data out of Japan weigh on any idea that tighter monetary policy there could be coming anytime soon. Japanese workers’ real, […]

December 27, 2023

The U.S. dollar, as measured by the DXY index, plunged to its weakest point in five months on Wednesday (DXY: -0.55% to 100.98), pressured by a substantial drop in Treasury rates, with the 2-year yield sinking below 4.26%, its lowest […]

December 19, 2023

The Australian Dollar has held onto its gains from the past couple of weeks despite a slight recovery from the US Dollar index at the back end of last week. The Australian Dollar has been on a steady move higher […]

December 6, 2023

USD/CAD (U.S. dollar – Canadian dollar) retained a negative bias on Wednesday after the Bank of Canada voted to keep interest rates unchanged at 5.0%. While the decision to maintain the status quo was largely anticipated, the BoC left the […]

October 26, 2023

The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in September due to strong base effects. The central bank added […]

October 18, 2023

The US Dollar has slipped through the Asian session after making some headway overnight on the back of Treasury yields pushing toward multi-year peaks. US retail sales rose by 0.7% month-on-month in September, higher than the 0.3% anticipated and slightly […]

September 5, 2023

The 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 2, 2023

The US Dollar, Dow Jones, S&P 500 and Nasdaq 100 fell after reports crossed the wires that Fitch, a key credit rating agency, downgraded the US score to AA+ from AAA. This partly reflected the “expected fiscal deterioration over the […]

July 14, 2023

IG 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 […]

May 5, 2023

The 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 27, 2023

The US economy expanded by 1.1% in Q1, according to the latest US Bureau of Economic Analysis (BEA) data, missing expectations of 2%. The US economy grew by 2.6% in Q4 2022. According to the BEA, ‘Compared to the fourth […]

April 14, 2023

Brazil’s leftist president began a visit to China on Thursday by taking a swipe at the U.S. dollar and asking why the group of leading emerging economies known as BRICS could not use a currency other than the greenback to […]

March 30, 2023

GBP/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 […]

December 12, 2022

The US Dollar was on an aggressive trend in the first nine months of this year as the Fed continued with super-sized rate hikes. Since the Q4 open, however, that trend has come into question as prices have pulled back, […]

October 28, 2022

The Bank of Japan today left all monetary policy levers untouched, as expected, and confirmed that it would continue to control JGB yields to help boost the ailing Japanese economy, stoke inflation and keep the Japanese Yen depressed. At the […]

October 11, 2022

The Japanese Yen is back in the headlines again as it slumps further against the US dollar. The pair are now testing the 145.90 level, and a break higher would see USD/JPY trade at levels not seen since August 1998. […]

August 4, 2022

This week has seen a group of Federal Reserve members spreading the central bank’s message that US inflation is elevated and that interest rates will need to be ramped up further to try and dampen domestic price pressures. Various board […]