Author: FX

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The Dow Jones shed over 400 points on Wednesday at its lowest. Fed Chair Powell made his second appearance in two days. Rate markets have pushed bets of the next Fed rate cut to December. The Dow Jones Industrial Average (DJIA) tumbled on Wednesday,dropping over 400 points at its lowest and dipping into 44,090. The major equity index has since recovered some ground, but still remains down around 230 points on the day. Investor sentiment took a beating after United States (US) Consumer Price Index (CPI) inflation showed the US has made no progress on bringing down core inflation metrics in…

Attempt to form Austria's first government led by far right collapses Source link

I mean, it kinda shows they’re headed in the wrong direction but his comments show he’s not worried.We want to keep policy restrictive for nowWe have to wait and see what the effects of policies are before we can think about what we will doThere is uncertainty over policyUnderlying economy is very strong This article was written by Adam Button at www.forexlive.com. Source link

The US Dollar pops after stronger-than-expected January inflation numbers.  Fed Chairman Jerome Powell heads into his second day at Capitol Hill.  The US Dollar Index (DXY) shoots higher and heads to 108.50 in the CPI aftermath.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is soaring in light of the January Consumer Price Index (CPI) release which came in as an upbeat surprise for both the monthly Core and Headline number. During his first testimony at Capitol Hill facing law makers, Federal Reserve (Fed) Chairman Jerome Powell did not leave many clues about…

Fundamental OverviewThe USD got a short term boost recently as Trump floated reciprocal tariffs. That came after a good US NFP report where the data was mixed at best but still pointing to strength. The jump in average hourly earnings caught the eye but that might have been distorted by the drop in average weekly hours. We’ve also got another jump in inflation expectations in the University of Michigan Consumer Sentiment survey showing that the tariffs news is the main culprit of the recent surge in expectations. The focus now switched to the US CPI report due later today where…

Watch the video from the WLGC session on 11 Feb 2025 to find out the following: Is the market about to break out, or are we setting up for another selloff? Are bulls gaining control, or is this just another fake rally before a bigger drop? Why is the 6100 level so important, and what does it tell us about supply and demand? What key signals should traders watch to anticipate the next big move? and a lot more…   Market environment The bullish vs. bearish setup is 373 to 239 from the screenshot of my stock screener below. Three stocks ready to soar…

There are arguably just a couple to take note of on the day, as highlighted in bold.They are for EUR/USD at the 1.0300 and 1.0325 levels but amid another likely quieter session in Europe, the expiries should not see much of any impact. A softer dollar overnight helped the pair to climb out from 1.0320 to around 1.0350-70 and we’re still holding thereabouts for now.If anything, the expiries might provide some limit to any dollar bids in European trading but I would say the odds of the greenback moving significantly are low. That considering broader markets are waiting on the…

Gold prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 347.90 Saudi Riyals (SAR) per gram, down compared with the SAR 349.37 it cost on Tuesday. The price for Gold decreased to SAR 4,057.82 per tola from SAR 4,074.93 per tola a day earlier. Unit measure Gold Price in SAR 1 Gram 347.90 10 Grams 3,478.99 Tola 4,057.82 Troy Ounce 10,820.91 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken…

JPow just hinted that the Fed isn’t in any hurry to cut interest rates further. Will this help push USD/CHF above a key resistance zone? We’re taking a closer look at the pair’s daily chart for clues. USD/CHF Daily Forex Chart by TradingView In case you missed it, Fed Chair Powell made it clear that he and the crew aren’t rushing to cut rates. They’re waiting to see either a notable slowdown in the labor market or a sharper drop in inflation before making a move. Meanwhile, the Swiss franc is under pressure, much like other European currencies, as traders…