The soft PCE reading last Friday boosted the U.S. equity market, with the expectation of a more dovish Fed monetary policy in the future.
All attention now turns to the crucial PCE reading, the Fed’s preferred inflation gauge, which is expected to have a direct impact on the dollar.
The U.S. 7-year note auction held yesterday saw tepid demand for long-term Treasury yields, resulting in a decline in bond prices and pushing bond yields higher.
Geopolitical tensions in the Middle East have intensified, driving oil prices up by more than 3% since the start of the week
The Dollar Index dipped as investors took profits ahead of key economic data and events later this week
U.S. PMI readings beating market expectations fuels dollar upward momentum.
geopolitical issues in Eastern Europe and the Middle East have intensified, driving safe-haven gold prices to all-time high levels.
euro traders are awaiting today's CPI reading to gauge the euro's price movement.
Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.
gold prices rebounded strongly on the back of the softening U.S. dollar, while oil prices remained steady.
Japanese authorities reduced their bond purchases in regular operations in response to the significant depreciation of the yen.
the dollar's upward momentum was abruptly halted by the release of the latest U.S. Initial Jobless Claims data, which surged to levels unseen since last November.
the U.S. Dollar Index (DXY) has experienced a resurgence, presently holding above the 105 mark. This strength is supported by a hawkish tone from Federal Reserve officials.
Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations.
Market attention now shifts to today's U.S. NFP reading, which could provide insights into the Fed's forthcoming monetary policy decisions.
Powell's dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar.
The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year.
The Japanese Yen experienced a significant fluctuation, moving more than 500 pips against the U.S. dollar in the last trading session.
The Yen breached psychological resistance level at 160 against the U.S. dollar, as market participants observed no signs of Japanese authorities intervention.
The U.S. PCE index, scheduled for release later today, may exceed expectations, dampening prospects for Fed interest rate cuts.