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 […]
‘Big Short’ investor Michael Burry predicts a US recession in 2023 and another inflation spike
Michael Burry, the hedge fund manager depicted in the movie “The Big Short,” has recently issued a warning that we may not have seen the peak of inflation in this cycle yet. This could potentially be very bad news for the economy, as rising inflation can lead to a variety of negative consequences. Here is […]
NFP Preview: Forecasts from eight major banks, employment growth still strong
The US Bureau of Labor Statistics (BLS) will release the August jobs report on Friday, September 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming employment data. Expectations are for a 300K rise in Nonfarm […]
US Economics probe XAU/USD Bears
Gold Price technical outlook Gold Price extends bounce off an upward sloping support line from March 2021. That said, the corrective pullback from the yearly low also takes clues from the oversold RSI (14) to direct XAU/USD buyers towards a horizontal area comprising multiple levels marked since early 2021, surrounding $1,721-22. It’s worth noting, however, […]
FOMC Meetings and the Impact on Forex Markets
The Federal Open Market Committee (FOMC) is an important body within the Federal Reserve System that sets monetary policy in the United States. As a Forex trader, it’s important to pay attention to the FOMC and its decisions, as they can have a significant impact on the market. The FOMC meets regularly to discuss and […]
Bitcoin ‘gives back gains’ after FED comments ‘add downside risks’ to Crypto Markets
Following the Federal Reserve’s aggressive statements, analysts expect more weakening in BTC and altcoins. The price of Bitcoin (BTC) continues to provide contradictory signals, increasing investor anxiety and severely influencing asset values throughout the market. BTC price is trapped below $36,000, according to data from Cointelegraph Markets Pro and TradingView, and despite a small relief […]