USDOLLAR weakened following NFP, but holding ahead of inflation data
USDOLLAR holds up ahead of Thursday's inflation print.
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USDOLLAR holds up ahead of Thursday's inflation print.
The latest US jobs showed further signs of cooling and sent the pair higher, but today it is facing renewed headwinds, following some hawkish remarks by Fed officials
EURUSD top-down analysis suggests a potential dip in an uptrend opportunity.
Today’s Q2 labor report showed an increase in unemployment, which could help the bank stay in the sidelines after last month’s pause, sending the Kiwi lower
The pair retreats, weighed by the decision of the Australian central bank to stay on the sidelines for second straight meeting, as it kept rates at 4.1% today
The BoJ pledged more flexibility in its yield curve control (YCC) on Friday, but the implicit nature of the YCC tweak disappointed Yen bulls and the pair rises
The EURUSD’s sentiment has shifted from bullish to bearish over the last two hours. The daily candle (still to complete) shows a long upper shadow. The high is where the bulls lost control to the bears. Since then, the bears have ripped price down, and EURUSD is now trading below its open.
FXCM’s USDOLLAR tracked US yields lower following yesterday’s FOMC rate announcement and press conference. Fed chair Powell stated that the Fed “could afford to be patient” due to its interest rate increases to date. It also was clear that the Fed is data dependent choosing not “to provide a lot of forward guidance.” The next meeting is some time away on 20 September. The Fed will have seen two CPI…
After its best week of the year, the pair trades with caution today ahead of key policy decisions by the central banks of the US and Japan
The pair loses some momentum, but sustains its bullish bias after its best week of 2023, which was fueled by the soft CPI inflation report from the United States
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