US Dollar Index: Hawkish Fed signals, geopolitical fears favor DXY bulls near 104.50
• US Dollar Index bulls take a breather at weekly top after two-day uptrend.• FOMC Minutes, Fed talks favor higher rates, China-Russia ties signal amplify geopolitical woes.• Retreat in yields, mixed equities probe DXY bulls ahead of key data. US Dollar Index (DXY) seesaws near 104.50, grinding higher around the weekly top, as the greenback […]
Gold Price Forecast: XAU/USD sees exhaustion around $1,820 after a downside move, DXY skids
👉Gold price is expected to rebound as a retest of Wednesday’s low shows a loss of downside momentum. 👉The hawkish commentary from Fed Powell has put the gold prices on tenterhooks for a prolonged period. 👉The DXY is performing lackluster on the downbeat US PMI. Gold price (XAU/USD) is hoping for a rebound as the […]
As the risk-on impulse returns, the US Dollar Index falls to roughly 105.30 at open, with the Fed in focus.
US Dollar Index tumbles to near 105.30 at open as the risk-on impulse rebounds, Fed in focus 15 June 2022 • The DXY has opened lower around 105.30 but is sustaining itself above the critical support of 105.00. • Investors should brace for a rate hike of 75 bps by the Fed. • The tight […]
Fundamental Forex Analysis today why AUD and NZD dropped after Stronger U.S. Data | Forex Trade Signal Review
The Aussie and Kiwi dollars are sharply lower on USD strength following stronger-than-expected U.S. economic data that supports the idea that the Federal Reserve could soon signal a pull back on monetary support. Particularly for NZD, that would reduce any expected yield advantage if central banks are effectively tightening policy broadly in concert. AUD/USD is […]