Author: FX
The market spotlight was mainly on U.S. inflation figures this week, but that didn’t stop other economic updates and headlines from making big waves. Here’s how the major currencies fared. Source link
Trump’s tariff moves, shifting Fed rate expectations, and geopolitical updates kept markets on edge this week. How did the major assets react to this week’s catalysts? Source link
Gold set to end the week up 0.80% despite Friday’s drop. US Retail Sales plunge, fueling US Dollar weakness and lower Treasury yields. Investors price in over one Fed rate cut, boosting bullion’s longer-term appeal. Gold price has fallen below $2,900 on Friday, yet it will end the week with solid gains of over 0.80% as traders book profits ahead of the weekend. Economic data in the United States (US) was mixed, although the Greenback touched yearly lows and US Treasury yields plunged. XAU/USD trades at $2,883, down 1.48% daily. Retail sales in the United States plunged sharply in January,…
US retail sales for January came in significantly weaker than expected, raising concerns about economic momentum as the new year begins. The control group, which feeds directly into GDP calculations, fell -0.8% (vs. +0.3% expected), while the headline figure dropped -0.9% (vs. -0.1% expected). In response, the Atlanta Fed’s GDPNow growth estimate for Q1 was revised down to 2.3% from 2.9%.Other economic data showed mixed resilience—industrial production rose 0.5% (vs. 0.3% expected), and capacity utilization edged up to 77.8% (vs. 77.7% expected). However, business inventories declined by -0.2% (vs. 0.0% expected), signaling potential weakness in supply chain demand.The US dollar…
Mexican Peso set for over 1% weekly gain as USD tumbles. The US Dollar Index falls to YTD lows as Fed rate-cut bets increase US Retail Sales drop fuels slowdown fears, boosting Fed easing expectations to 43.5 bps. Banxico minutes, Mexico GDP, and Retail Sales are in focus next week. The Mexican Peso (MXN) extended its rally on Friday, set to end the week with gains of over 1% against the Greenback. A worse-than-expected Retail Sales report tumbled the US Dollar (USD) to new year-to-date (YTD) lows as depicted by the US Dollar Index (DXY). The USD/MXN pair trades at…
Aussie edges higher following delayed reciprocal tariffs. US Retail Sales contracted, disappointing market forecasts. Fed watchers see 55% chance rates remain on hold in March. RBA rate cut speculation remains amid cooling domestic inflation. The Australian Dollar (AUD/USD) strengthens for the second consecutive day on Friday, supported by US President Donald Trump’s decision to delay implementing reciprocal tariffs. At the same time, concerns linger over a potential global trade war, especially if further tariff measures are announced later. Market participants also dumped the USD after weak Retail Sales data from the US. Daily digest market movers: Aussie gains after US…
NZD/USD surges more than 1% on Friday, reaching its highest level since late January. The pair extends gains above 0.5730, setting its sights on the 100-day SMA at 0.5825. The NZD/USD pair rallied on Friday, jumping to 0.5735 and marking a fresh multi-week high. This bullish move reinforces the pair’s recovery from recent lows and suggests a potential shift in sentiment as buyers aim for higher levels. The next significant technical hurdle now lies at the 100-day Simple Moving Average (SMA) near 0.5825, a key level that could determine whether the rally has further room to extend. Momentum indicators are…
Major US stock indices are closing mixed to end the trading week. The Dow industrial average closed lower. The S&P closed unchanged while the NASDAQ index closed higher.The final numbers are showing:Dow industrial average fell -165.35 points or -0.37% at 44546.08S&P index felt -0.44 points or -0.01% at 6114.63. That was around four points short of its all-time closing level near 6118.NASDAQ index close up 81.13 points or 0.41% at 20026.77Russell 2000 fell -2.020 points or -0.10% at 2279.98Meta’s streak extended to 20 straight up days. Today shares close higher by $8.11 or 1.11% at $736.67. Dell shares closed higher…
USD/JPY falls to 152.02, erasing February 12 gains as sellers take control. Bearish RSI signals further downside; key support at 150.93 and 148.64. A recovery above 152.73 could open the door to 153.22 and 154.00. The USD/JPY extended its losses, dropping below the 200-day Simple Moving Average (SMA) of 152.73 and hitting a three-day low of 152.02. Worse than expected, US Retail Sales data weighed on the American currency, which has fallen to a year-to-date (YTD) low, according to the US Dollar Index (DXY). The pair trades at 152.26, below its opening price by 0.36%. USD/JPY Price Forecast: Technical outlook…
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