Here is our weekly video analysis for the FX Majors. We will be breaking down time-frames while highlighting what you should be looking out for this week!
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The US dollar continued its descent as the index fell for three consecutive days. The declines came about amid the quadruple witching on Friday leading to some outflows in the USD.
Economic data was mixed on the day as existing home… Read More
Equity markets rose as the Federal Reserve Bank left interest rates unchanged. The central bank only tweaked its language noting that it was closely monitoring the developments in the markets.
There was one dissenting vote against… Read More
Here is our weekly video analysis for the FX Majors. We will be breaking down time-frames while highlighting what you should be looking out for this week!
Read More
The greenback firmed further on Friday closing in the green. The dollar was supported by retail sales data which beat estimates. Retail sales grew 0.5% in May, up from a revised 0.3% in the month before.
Core retail sales advanced 0.5%… Read More
US Oil Inventories Continue Rising
Crude oil prices fell again on Wednesday on weak demand and lingering fears of an economic slowdown, the Energy Information Administration reported for the week ending June 7.
US inventories continued… Read More
Risk aversion was back in the markets with the safe haven assets outperforming. The US dollar index was also seen rising on the day on Wednesday. Trade spats from Washington and Beijing lowered the prospects of any trade deals that could be… Read More
The US dollar index fell sharply on Friday extending the declines from earlier in the week. The declines came as the payrolls report for May saw the US economy adding the lowest number of jobs for the second consecutive month. The US… Read More
The USD closed the month of May with some modest gains, settling at 97.66 by Friday’s close. This marks a fourth month of consecutive gains in price. On a weekly basis, the greenback extended strong losses. The declines came as investor… Read More
Lack of economic news or developments within the global themes played on the currency markets on Monday. With the US and UK markets closed on Monday due to bank holidays, activity was subdued. However, volatility could pick up as investors… Read More