Today, on Tuesday, February 21, economic activity has been slow due to the celebration of President’s Day in the United States, which has resulted in a lack of significant macroeconomic news. As a result, major currency pairs have been trading within a narrow range. However, the market sentiment is negative, and tensions between the United […]
On Monday, February 20, US stock and bond markets are closed for Presidents’ Day, and trading activity is expected to be quiet, particularly in the second half of the day. The Bundesbank will release its monthly report, and the European Commission will publish the preliminary Consumer Confidence Index for February. Despite the escalation of geopolitical […]
On Friday, February 17, the US dollar rose against most major currencies before giving back some gains towards the end of the day as Wall Street indexes bounced back from their early lows. This was spurred by the US Producer Price Index, which showed a 6% year-over-year increase in January, down slightly from December’s 6.5% […]
On February 16, Thursday, there are several economic developments that are worth noting. The US Dollar remained strong on February 15, with the Greenback’s demand easing ahead of Wall Street’s close, as the stock market bounced back from its intraday lows. The Greenback’s strength benefited from concerns about the continued US Federal Reserve’s monetary tightening, […]
Today, financial markets had an optimistic yet cautious tone as investors waited for the release of US inflation figures. The United States Consumer Price Index rose by 6.4% in January on an annualized basis, which was better than the previous month but lower than the expected 6.2%. Although inflation eased, it did so at a […]
On Tuesday, February 14th, the market mood was initially weighed down by tensions between the US and China, resulting in the Greenback gaining strength. However, the market mood improved during European trading hours, causing the US Dollar to weaken across the foreign exchange (FX) board. The lack of significant macroeconomic releases and the impending release […]
The markets are cautious on Monday as investors keep a watchful eye on geopolitical developments while avoiding making major investments before the important events of the week. With the absence of major data releases, market activity will be largely driven by risk perception for the rest of the day. The University of Michigan’s recent Consumer […]
On February 10th, it’s important to keep an eye on the following: The US dollar gained strength ahead of Wall Street’s opening and continued to rise throughout the day as US indexes dropped prior to the close. The most significant decline was seen in XAU/USD, reaching a new weekly low of $1,859.72 per troy ounce. […]
The US Dollar is facing challenges mid-week, with declining US Treasury bond yields, despite hawkish comments from Federal Reserve officials. Bank of England Monetary Policy Hearings and the European Commission’s Economic Growth forecasts will be closely watched, along with the US weekly Initial Jobless Claims data. On Wednesday, Wall Street’s main indexes suffered significant losses, […]
The XAU/USD is trading near the upper end of its range for the day, currently at $1,876 per troy ounce. The pair has seen modest gains for two consecutive days. Technical analysis of the daily chart suggests limited potential for further recovery as indicators remain negative and lacking upward momentum. The metal is also currently […]