AUDUSD had a sharp rise last Friday and is still on the upward track. There are two major reasons behind this move. On the one hand, Australia started the week with strong economic data. Services PMI ...
USD gained last Friday on positive job data. Initial jobless claims fell to 385k, which was the first time below 400k since the start of the pandemic. Moreover, ISM’s service index rose from 62.7 in A...
USD rose to a three-week high against EUR and a two-month high against JPY overnight, upon the release of private payrolls. Private payrolls added 978k jobs in May, beating the forecast at 650k. Howev...
Before the US non-farm payroll data coming in, investors are weighing inflation concerns. Stock markets in Asia are trading near a 3-month high on Thursday, with China as an exception. Japan’s Nikkei ...
DXY Index is trading slightly upward at 89.935, up about 0.13% since opening. This is because US manufacturing data delivered positive outlook. On Tuesday, ISM’s report showed that its index of nation...
USD continues to edge lower against major peers as investors anxiously waiting for the job report by the end of this week. DXY Index was down 0.2% since opening, currently trading at 89.815. In APAC, ...
USD inched down as investors digest economic data from last week. Data released on Friday showed that, Core PCE Index (Personal Consumption Expenditure Price Index) increased 3.1% on a YoY basis in Ap...
USD edged higher on Thursday, supported by comments from the Fed officials that they might start discussing tapering soon. Some sources say that, the Fed will likely scale back the bond purchasing soo...
USD extended its downward trend against major currencies as the Fed reiterates its loose monetary policy on Tuesday. US Treasury yield also fell to multi-week lows, with the 10-year bill falling to 1....
USD hovers below 90 and trades around 4-month low against major currencies. This Friday we will have US personal consumption and inflation data, which could potentially move the FX market if anything ...