TrategySherpa

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The US dollar has recently strengthened on signs of US economic strength, even after a long period of interest rate hikes by the Federal Reserve. US consumer spending soared in September, while the US economy grew at its fastest pace in nearly two years in the third quarter. Fed policymakers will meet this week, with the central bank expected to leave interest...

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Even after the Federal Reserve raised interest rates for a considerable amount of time, the US dollar has recently appreciated due to indications of the country's robust economy. September saw a sharp increase in US consumer spending, and the third quarter saw the greatest growth of the US economy in almost two years. When the Fed announces its decision on...

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With the yen weaker than it was last week when it reached a one-year high of 150.78, USD/JPY dropped 0.1% to 149.50. The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value...

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With the Japanese Yen stable below 150, BOJ is the main focus. Monday saw a small increase in the value of the Japanese yen, which last week dropped to a one-year low and is now trading below 150. With high inflation and a badly weakened economy, the spotlight is firmly on the outcome of the BOJ meeting on Tuesday, when the central bank is expected to likely...

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The European Central Bank (ECB) declared that it will no longer be increasing interest rates as a result of a decrease in lending and declining inflation. Boris Vujcic, a member of the ECB Council, made the statement on Croatian state media, HRT1. President Christine Lagarde's ECB recently halted its extraordinary tightening campaign, keeping interest rates steady...

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The majority of Asian currencies saw minimal movement on Friday as markets declined ahead of several significant central bank meetings that take place the following week. The Japanese yen, on the other hand, modestly increased on robust inflation data but stayed unchanged. close to a yearly low. Despite holding onto the majority of this week's gains, the dollar...

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The DXY index has been stuck between 105.35 and 106.9 for the past three weeks. This trading range is likely to remain in place for a while longer. However, looking at the weekly chart, the bullish trend is clearer for the greenback. Therefore, we can expect the DXY index to break the 106.90 level and rise to the 108 mark in the near future. Meanwhile, the Euro...

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The highest yield reached 4,908%, higher than 4,673% last month and also the highest level ever, but more importantly, still lower than 4,910% when released but not yet officially offered for sale. The ratio of bids to winning bids was at 2,704, up from 2,465 the previous month and the highest level since the period of strong fluctuations in March 2020. The...

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Brian Rose, senior U.S. economist at UBS, said the strong third-quarter GDP results reinforced the tension in the market between strong data and the prospect of higher interest rates and a negative outlook. On the other hand, the FED is still introducing tighter policies. “This will likely continue to create market volatility until investors have confidence that...

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According to Reuters, the US Dollar increased slightly against other currencies after the release of data showing that the US economy grew at the fastest pace in nearly two years in the third quarter. This was once again unexpected. despite dire warnings of an economic recession that have existed since 2022. According to estimated statistics on GDP growth in the...

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World gold this morning inched up slightly compared to yesterday morning but fell much lower than the high of the day when the newly released report showed the resilient strength of the US economy. Specifically, the report shows that US GDP in the third quarter increased by 4.9% over the same period last year, higher than economists' expectations of 4.7% and...

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US 10-year Treasury yields continue to rise back to a 16-year high of 5.0%. Global financial markets have been hit by a rise in US bond yields, which helped push the USD Index to its highest in nearly a year earlier this month. However, Shaun Osborne, Chief FX Strategist at Scotiabank in Toronto, Canada, said: "This increase is an opportunity to weaken the...

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The British pound's downward momentum looks set to continue amid cooling labor market and price pressures. Data released on Tuesday showed a significant slowdown in macro data, with the UK Economic Surprise index falling sharply since mid-August. As a result, currency markets expect UK interest rates has peaked, meaning the BoE will keep interest rates unchanged...

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The headline CPI increased to 1.2%, compared to the forecast of a 1.1% increase in the third quarter. RBA is expected to raise interest rates by 25bp at the November policy meeting. USD is supported by a series of optimistic PMI data from the United States announced last night. On the H4 frame, AUD/USD fluctuates around 0.6340 after breaking through the important...

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EUR/USD fell sharply after establishing a monthly peak near 1.0700 and the 55-day MA, down to the 1.0580 area. The pair completely erased Monday's gains, but remained above the 20-day MA at 1.0560. Breaking through here will be a signal that the uptrend in October has ended. On the H4 frame, the pair maintains below MA 20, showing that selling pressure is still...

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S&P Global said on October 24 that US business output increased higher in October, as the manufacturing sector escaped a five-month decline, due to increased new orders and translation activities. The case accelerated slightly, in the context of cooling inflation pressures. That is the latest sign that the US economy is standing firm in the face of interest rate...

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During yesterday's trading session, gold prices fell slightly as traders were still looking forward to US economic data and focusing on the situation in the Middle East. According to Richard Snow, Strategist at DailyFX, gold prices show signs of falling due to calls for efforts to reduce escalating tensions in the Hamas-Israel conflict. Reuters quoted Jim...