US Dollar Solid After Fed Kiboshes Pivot Perception to Send Treasury Yields Higher
The US Dollar firmed overnight after Fed speakers hosed down any idea that they were stepping back from their fight on inflation. Will geopolitics impact USD?
The US Dollar firmed overnight after Fed speakers hosed down any idea that they were stepping back from their fight on inflation. Will geopolitics impact USD?
The price of oil appears to be on track to test the February low ($86.55) as it clears the July low ($90.56) following the OPEC Ministerial Meeting from earlier this week.
U.S. stocks paused for breath Thursday after the recent rally as traders opted for some caution ahead of the July U.S. jobs report, which could provide clues about the health of the economy.
The EUR/USD has remained range-bound over the past few weeks, trading between 1.0100 and 1.0280, but the U.S. labor market data could fuel volatility and trigger a breakout.
Interest rates remain a threat to cryptocurrency with BTC holding support at $20,000
The Australian Dollar sank against a broadly stronger US Dollar as geopolitical risks felled market sentiment. New Zealand posted strong/week second-quarter jobs data, but NZD failed to react.
The index continued its march higher in European trade with German factory orders providing a boost as technical roadblocks lie ahead.
GBP/USD slips after the BoE raises interest rates by 50bps.
EUR/USD has failed to mount any significant advances despite a weaker dollar. Such failure to advance has established an interesting shorter-term range ahead of NFP
USD/ZAR price action exhibits caution as markets look forward to the U.S. NFP release tomorrow while commodity prices help prop up the rand