Possible movements towards 0.40-42 in the following weeks.
The pair has halted its three weeks of the bullish trend and lost more than 50 pips from minor top 0.92748. The minor sell-off in the US dollar is putting pressure on this pair at higher levels
U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond. The benchmark 10-year yield was down 3.9 basis points at 1.4407% in midday trading. That was close to its level before the morning release of new Labor Department data showed U.S. job growth accelerated in June.
US Dollar advances to two month peak. US dollar gained traction after the U.S. Federal Reserve struck a hawkish tone on monetary policy. However, In the following next trading days we are likely to see a minor pullback on dollar index before Bullish trend continuation.
US Dollar Index consolidates weekly gains around 92.50 U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond. The benchmark 10-year yield was down 3.9 basis points at 1.4407% in midday trading. That was close to its level before the morning release of new Labor Department data...
This week FOMC minutes meeting would be the key event in the US. The short-term momentum still shows some strength in the dollar that will be challenged over the next sessions.
The Bank-of-Japan after concluding a two-day monetary policy review meeting on Friday, kept its monetary policy settings unchanged as widely expected. BoJ kept its 10-year Japanese Government Bond (JGB) yield target around 0% and a short-term interest rate target at -0.1%. The central bank extended the pandemic-relief program beyond the current September...
Silver fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signaled earlier-than-expected interest rate increases. Recommended to sell on rallies around 27.2-4
US Fed matched wide market forecasts of keeping the monetary policy intact but the quarterly economic projections were the key. The policymakers not only revised up the near-term GDP and inflation forecasts but also pumped the rate-hike expectations, mostly known as dot-plot. As per the latest update, US GDP may grow 7.0% in 2021 versus 6.5% previous whereas the...
Possible corrective move before Bearish trend continuation. DXY is not much stronger. Despite a significant increase in inflation, which exceeded 5%, at yesterday's meeting, the US Federal Reserve decided to leave the parameters of monetary policy unchanged, and, according to the comments, a revision of the volume of bond buybacks will become possible only...
Gold upside correction in the following next periods, targets as 1850-55. Recommended to sell on rallies around 1850-55.
U.S. Treasury yields were steady on Tuesday ahead of the conclusion of the Federal Reserves two-day meeting on Wednesday, which will be watched for any signals on when the U.S. central bank is likely to begin paring its massive bond purchase program. Benchmark 10-year yields were little changed on the day at 1.499%. They fell to a three-month low of 1.428% on...
It's good to sell on rallies around 28.00-10
Dollar index consolidating around 90.3-6 Bullish trend continuation above 90.9 short term target as 91.918