The Euro is little changed today despite the US Dollar sliding after Federal Reserve speakers stoked a less hawkish path citing higher Treasury yields. Where to for EUR/USD?
WTI crude oil ran higher today along with the US Dollar as markets contemplate the consequences of the hostilities toward Israel over the weekend. Will it drive WTI higher?
USD/JPY looks to US CPI for help in terms of the Fed’s interest rate cycle moving forward, while Yen bulls keep a close eye on the 150 resistance level.
Asian equities indices are holding above vital support after after an apparent dovish shift by Fed officials. What is the outlook for the Hang Seng Index, Kospi, and Topix and what are the key levels to watch?
UK GDP in August showed a recovery from July, posting a 0.2% increase on last month. July’s monthly contraction was revised lower from -0.5% to -0.6%
The euro appears to have garnered some cushion for now, thanks to the apparent shift in Fed rhetoric. The question then comes up is this a game changer for EUR/USD? What about EUR/AUD and EUR/NZD?
The US Dollar has been losing ground this week as the market ponders the outlook for the Federal Reserve after less hawkish commentary and FOMC minutes. Will USD sink further?
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