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Dollar In Focus As CPI Looms

Inflation ExpectationsAll eyes are on the US Dollar today as traders brace for the latest US inflation data due this afternoon. Last time around, inflation was seen falling back to 3.1% from 3.4%...

USD Steadies Amidst Data-Driven Week; GBP Eyes UK Economic Indicators

Market sentiment continues to ride high, buoyed by persistent expectations of a Federal Reserve rate cut in the June policy meeting. This sentiment found reinforcement after the release of the US...

Dollar Breaks Support Ahead of NFP Release

NFP in focusAll eyes are on the US Dollar today as traders get ready for the release of February jobs data. On the back of a string of bumper labour reports over recent months, the market is expecting...

Gold Hits Fresh Record Highs on USD Drift

Gold Breaking OutGold prices have traded up to fresh record highs this week as the US Dollar continues to trail off ahead of tomorrow’s keenly awaited NFP data. Yesterday, comments from Fed chair...

USD Faces Pressure Amid Divergent Central Bank Policies

The US Dollar finds itself once again at the mercy of central bank maneuvers and economic indicators, as evidenced by today's market movements. As the greenback struggles to maintain its...

Dollar Holding Support Ahead of Data

US Data DueThe US Dollar continues to trade in a very tight range ahead of today’s US ISM services PMI. Price action in DXY has stagnated over the last week in response to a slew of...

Dollar Braces for a Second Retest of the Key Resistance Level

On the backdrop of Super Tuesday and anticipation surrounding the potential resurgence of former US President Donald Trump in the Republican Party, the US Dollar commenced the week with a vigorous...

USD/JPY Eyes Three-Month High as BoJ Divergence and Fed Expectations Drive Market Dynamics

The USD/JPY pair is striding confidently towards a three-month high of 151 level, fueled by a blend of divergent central bank. As the Japanese Yen weakens in response to signals from the Bank of...

Dollar Boosted By PCE Data

Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...