The US Dollar has strengthened this week. Economists at Rabobank analyze Greenback’s outlook. Politics can be expected to creep back into the picture The USD will clearly be buffeted by the ‘will they, won’t they’ debate around rate cut decisions this year. On top of that, politics can be expected to creep back into the
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AUD/USD dips pressured by rising US Treasury yields and a robust 0.60% gain in the US Dollar Index (DXY). Deteriorating risk appetite and expectations of less aggressive Fed rate cuts contribute to the AUD’s weakness; Fed Governor Waller’s speech highly anticipated. Australian consumer sentiment wanes amid higher mortgage rates and living costs, despite potential RBA
The United Kingdom will release the Consumer Price Index (CPI) report on Wednesday, January 17 at 07:00 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming UK inflation print. December’s data follows the particularly weak November report as
Gold price has been hit hard amid uncertainty over US Retail Sales and Industrial Production data. A strong US Retail Sales data would provide more room for the Fed to maintain higher interest rates. Further escalation in Middle East tensions could bring some revival in the Gold price. Gold price (XAU/USD) witnesses a sell-off after
The US Dollar is stronger on the session. Economists at Scotiabank analyze Greenback’s outlook. Bull technical signals pick up A further correction in the USD’s hefty Q4 sell-off has been looking a strong likelihood; price action around the late year rebound in the USD generally suggested a major low/reversal on the charts; seasonal trends are
The Pound Sterling faces a sell-off after the release of lower-than-expected UK wage growth in the quarter to November. Employment levels remain steady despite increasing economic headwinds. Risk-off market mood, UK inflation data could keep the Pound Sterling under pressure. The Pound Sterling (GBP) falls sharply on Tuesday’s European morning session as the United Kingdom Office for National Statistics
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