US Dollar DXY falls below the 20-day SMA, eyes on GDP and Core PCE next week

Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar Index (DXY) oscillates between gains and losses in the… ادامه خواندن US Dollar DXY falls below the 20-day SMA, eyes on GDP and Core PCE next week

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NZD/JPY falls below the 100-day SMA, towards 87.30

Share: NZD/USD saw 0.30% losses declining near 87.30 . The cross tallies a four-day losing streak and will close a 0.80% losing week. For the first time since April, the pair trades below the 20 and 100-day SMA. In Friday’s session, the NZD/JPY continued facing selling pressure, seeing losses for a fourth consecutive day.… ادامه خواندن NZD/JPY falls below the 100-day SMA, towards 87.30

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Canadian Dollar pinned in place for Friday, ends the week down 0.4%

Share: The Canadian Dollar ended the trading week flat against the US Dollar. A Retail Sales beat sees little positive momentum for the Loonie as markets remain USD-focused. Steady Crude Oil prices aren’t hurting the CAD, but aren’t helping it either. The Canadian Dollar (CAD) is seeing some minor lift on Friday, but… ادامه خواندن Canadian Dollar pinned in place for Friday, ends the week down 0.4%

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AUD/NZD closes out the week near 1.0840 as Aussie steps over battered Kiwi

Share: The AUD/NZD saw firm gains on the week, Aussie gains nearly 1.3% from Monday opening bell. Kiwi drastically underperforms its closest neighbor, gives up most of its gains from September’s late jump. Aussie touched a fresh one-month high ahead of Friday’s market close. The AUD/NZD finished up a strong trading week with… ادامه خواندن AUD/NZD closes out the week near 1.0840 as Aussie steps over battered Kiwi

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Mexican Peso recovers ground against US Dollar despite Mexico’s weaker Retail Sales, risk-off impulse

Share: Mexican Peso exchange rate with the US Dollar remains on the defensive, printing more than 1% weekly losses. August Retail Sales in Mexico show a mixed picture, with gains over the year but a monthly plunge and signs of deceleration. Geopolitical risks cap Peso’s gains, including tensions in the Middle East and… ادامه خواندن Mexican Peso recovers ground against US Dollar despite Mexico’s weaker Retail Sales, risk-off impulse

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EUR/NOK to trade well below July/August extremes into early 2024 – CIBC

Share: The Norges Bank was a leader in terms of policy tightening, beginning back in September 2021. Economists at CIBC Capital Bank see rates peaking at the end of the year. One last hike for the Norges Bank? Having hiked rates on 13 occasions, the Norges Bank remains biased towards an additional 25… ادامه خواندن EUR/NOK to trade well below July/August extremes into early 2024 – CIBC

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US Dollar locks in weekly loss despite risks in Middle-East unable to support the Greenback

Share: The Greenback lost substantially on Thursday after Powell did not bring anything new to the table.  A very light data calendar on Friday offers room for traders to digest past week events.  The US Dollar Index strengthened somewhat on Friday amid escalating tensions in the Middle East. The US Dollar (USD) lost… ادامه خواندن US Dollar locks in weekly loss despite risks in Middle-East unable to support the Greenback

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USD/CAD to shift back toward the lower end of the range near 1.34 – TDS

Share: The USD and risk sentiment are the biggest factors driving CAD. Economists at TD Securities analyze Loonie’s outlook. Fading USD/CAD rallies ahead of 1.38 The direction of the broad USD and risk sentiment will dictate the price action of the Canadian Dollar in the near term. We like leaning against the recent… ادامه خواندن USD/CAD to shift back toward the lower end of the range near 1.34 – TDS

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Gold exposes to $2,000 as Mid-East tensions escalate, Powell neutral guidance

Share: Gold price extends upside as Israel prepares to attack Hamas group. Fed Chair Powell supported neutral interest rates amid higher US bond yields. 10-year US Treasury yields jump above 4.9% amid unsustainable Congress budget deficits. Gold price (XAU/USD) rose sharply as Middle East tensions kept escalating and the Federal Reserve (Fed) Chair… ادامه خواندن Gold exposes to $2,000 as Mid-East tensions escalate, Powell neutral guidance

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