EUR/USD Pushes Back to Parity but Can Euro Bears Leave it Behind?
EUR/USD is back to parity and no, it’s not groundhog day. The big figure is taking some time for bears to leave behind but the next week’s economic calendar is loaded with drive.
EUR/USD is back to parity and no, it’s not groundhog day. The big figure is taking some time for bears to leave behind but the next week’s economic calendar is loaded with drive.
USD/JPY may consolidate ahead of the Federal Reserve meeting amid the failed attempt clear the monthly high (144.99).
U.S. indices fell as prices pushed into key supports in the Dow, S&P and Nasdaq, with focus shifting towards next week’s FOMC rate decision.
Crude oil held steady despite the US Dollar gaining strongly after US CPI put any notion of a slowing in the Fed’s rate hike path to the sword. Where to for WTI as markets recalibrate?
USD/CAD rises and tests its 2022 highs amid risk-off sentiment and falling oil prices. Next week’s FOMC interest rate decision could be the most important catalyst for near-term price action.
Stocks come undone as traders digest retail sales data and prepare for Friday’s massive options expiration.
The US dollar, as measured by the DXY index, lacks a clear direction, moving between small gains and losses as traders weigh the Fed’s rate path ahead of the September FOMC meeting.
Gold prices are steady in Asia-Pacific trading after a sharp overnight drop following US CPI data. Prices are at the long-defended 1,700 level, but a big breakdown is on the cards if US producer prices surprise estimates.
Ever since March 7th lows at 12441, DAX has been trading sideways as eventually coils into a long-term triangle.