Market flash

USD Down Ahead of NFP The US dollar has been lower again today, extending the week’s declines as the market continues to digest the Fed’s surprise rate cut earlier in the week. The US dollar has been heavily sold over the week and is now…

USD a Little Firmer The US dollar has been attempting to recover over the early European session on Monday. The greenback had been down sharply at the end of last week, with selling kicking in ahead of the 100 level on the index.…

USD Breaks Resistance The US dollar has been firmer over the last 24 hours with the USD index breaking above the 97.42 level yesterday. For now, momentum has stalled and price is sitting just above this level. The absence of any key US…

Dollar Holding Below Resistance The US dollar has been fairly stagnant over the last 24 hours. The lack of any key US data this week has created an absence of directional drivers which has seen the USD index remain in consolidation mode…

US Dollar Testing Resistance The US dollar has been back on the offensive today with the index testing the 97.42 once again today following a brief move above the level yesterday. With no tier-one US data on the sheet this week, the move…

USD Riding High The US dollar is ending the week on a much better note than it started. Stronger than expected data yesterday (retail sales & Philly Fed both better beat) has helped lift the dollar into the end of the week. USD index…

USD Selling Off On Data Dump The US dollar has been a little lower over the European morning on Thursday. Following some weakness in the monthly CPI reading earlier in the week, yesterday, PPI was also lower than expected last month.…

USD Mixed Following CPI Miss The US dollar has started the day with a mixed tone. The USD index has now spent the week consolidating just below the recent 97.26 highs. US inflation data released yesterday was a little lackluster with…

USD Higher Ahead of CPI The US dollar has started the day in the green with the index rallying up to 97.16 as of writing. Looking ahead today, US CPI data is the main data print today. The headline reading is expected to have grown at just…

USD in Demand The US dollar has kicked off the week on a firm footing with the index rallying up to 97.21 last, just shy of the 97.26 level. Better data last week helped underpin USD, despite a weaker than expected NFP reading. US CPI…