Author: FX
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, continues its struggle to build on the momentum beyond the 100.00 psychological mark and edges lower during the Asian session on Thursday. The index, however, remains confined in a nearly two-week-old range, awaiting a fresh catalyst before the next leg of a directional move.The US Consumer Price Index (CPI) report, released on Wednesday, showed that inflation continued to moderate in July. This comes on top of last Friday’s weak US Nonfarm Payrolls (NFP) report and forced traders to further reduce expectations for an immediate interest rate…
Oil confirmed the escalation lane and cleared Sunday’s ceiling, CPI landed in line, and Bitcoin broke its band floor. Re-scored lanes, rolled levels, and one new projection. Source link
XAG/USD is showing signs of renewed strength after rebounding sharply from its July lows and pushing back into the mid-60s. The recovery follows a prolonged decline and several weeks of basing. The key question is whether this improving price structure can attract enough follow-through to extend the rebound or whether sellers will step back in and force another pullback. Welcome to “TA Alert of the Day.” Each day after the market close, MarketMilk scans for popular technical indicator alerts. We use these alerts as the basis for a mini-lesson, breaking down what each alert means, why it matters, and how…
investingLive Americas FX news wrap 12 Aug: CPI as expected. USD reverses declines and closes higher !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Markets got the July U.S. inflation report they wanted on Wednesday, with the Consumer Price Index landing in line with forecasts and pulling the annual rate down to its slowest pace in two months. Stocks pushed to within striking distance of a fresh record and the dollar clawed back an early session loss to close higher against every major currency but the Australian dollar, even as the standoff over the Strait of Hormuz kept a floor under oil prices. Check out the forex news and economic updates you may have missed in the latest trading session! News Headlines & Data:…
BNY’s Geoff Yu notes that a less hawkish Fed has weakened the Dollar but failed to spark a sustained bid in commodity FX such as Norwegian Krone (NOK), Australian Dollar (AUD) and Emerging Markets (EM) currencies Chilean Peso (CLP), South African Rand (ZAR) and Brazilian Real (BRL). High nominal rates in Australia and Norway are offset by stagflation and productivity issues, while South Africa’s policy stance reflects a clear global growth priority over carry.Commodity currencies struggle for follow-through”Even before last Friday’s payroll numbers, iFlow showed dollar hedges rising again. Mean reversion was already overdue, but the Fed decision and subsequent…
Westpac sees the Dollar Index lower and has two other trade ideas !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Silver (XAG/USD) accelerates its advance on Wednesday and trades around $66.00 at the time of writing, up 2.18% on the day. The white metal benefits from a decline in the US Dollar (USD) and US Treasury yields following the release of the latest United States (US) inflation data, while geopolitical uncertainty continues to support safe-haven demand.The US Consumer Price Index (CPI) rose 0.1% MoM in July after falling 0.4% in June, while the annual rate eased to 3.4% from 3.5%. Both figures come in line with market expectations. Core inflation, which excludes volatile food and energy prices, increased 0.2% MoM…
U.S. CPI rose 0.1% in July 2026, matching forecasts, as core inflation cooled to its slowest pace since 2021, keeping the Fed on hold. Source link
Iran reportedly maintains that there are no discussions over ceasefire extension as the pact doesn’t exist anymore !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link