forex news

Market wrap: dollar sold off on Trump, equities make modest gains – TDS

In a market wrap, analysts at TD Securities explained that President Trump continues to ratchet up his criticism of Fed policy, first reportedly behind closed doors at a fundraiser and later directly to Reuters, though the market reaction has been muted so far. Key Quotes: “North American equities posted a modest gain on the day […]

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Global market wrap: Trump, 'Whoops I did it again…', sends dollar below 96 handle in DXY – ANZ

Analysts at ANZ Bank New Zealand Limited, (ANZ), explained that risk assets and bonds were firmer as USD consolidated with a slightly weaker tone as the London afternoon progressed in what was very much a summer holiday market.  Key Quotes: “There were no data releases of note, but reports that Trump allegedly made comments at […]

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US Dollar remains on track to close the day below 96

US Pres. Trump reportedly complains about the Fed’s rate hikes. Fed’s Bostic says trade uncertainty could slow down the economic growth. FOMC is scheduled to release its meeting minutes on Wednesday. The US Dollar Index, which tracks the greenback against a basket of six major currencies, fluctuated in a relatively tight range for the majority […]

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Forex – Dollar Down as Euro Finds Footing Despite Italy, Turkey Concerns

© Reuters. The Dollar is heading for a subdued start to the week. – The dollar was unchanged against its rivals Monday after the euro pared losses as the bloc marked the end of Greece’s bailout program, but concerns about Italy’s public finances kept gains in check. The , which measures the greenback against […]

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Forex – Dollar Little Changed Ahead of U.S.-China Talks, Fed Minutes, Powell; Lir

© Reuters. Dollar trades flat ahead of Jackson Hole, Turkish lira continues to decline. – The dollar was little changed on Monday, hovering near 14-month highs against major rivals, as investors awaited a full week of references with U.S.-China trade talks on the bill as well as minutes from the last policy meeting of […]

Daily Breefings forex news

US Dollar Price Action, Euro Weakness In Focus for This Week

Talking Points: – The week opens with continued retracement in the US Dollar after last week’s fresh yearly highs, and this has helped to bring pullbacks of varying degrees to major pairs such as EUR/USD, GBP/USD and AUD/USD. We looked into each of these markets in our FX Setups for the Week of August 20, […]

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WTI fades a spike to $ 65.50 on firmer US dollar, global growth concerns

Slowing global economic growth concerns keeps the upside attempts limited. Eyes US weekly supplies report for fresh near-term trading opportunities. WTI (oil futures on NYMEX) failed to sustain the tepid bounce near $ 65.50 and dropped back below the $ 65 mark, as notable US dollar demand weighed down on the prices. WTI heads for […]