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USD Poised to Rise as Bearish Correction Concludes; Labor Market Surprises Ahead

The greenback resumed its advance on Wednesday, with the US Dollar Index seemingly completing a modest bearish retracement from 104.50 down to 104. Market participants are holding off on broad...

Important Week For The Dollar

DXY On WatchThe US Dollar is starting the week with a softer tone as the DXY pulls back from Asian-session highs through early European trading on Monday.  This is a big week for the greenback, with a...

Dollar Pullbacks Limited as Markets Brace for Key US Labor Data and Election Uncertainty

The US Dollar continues to demonstrate robust performance, trading near three-month highs and on track for a 4% rally in October—its strongest monthly gain in two years. This strength underscores the...

Dollar Softens on Lower Jobless Claims

Jobless Claims DropFollowing a further strong rally this week, the US Dollar softened yesterday as the latest weekly jobless claims number came in below forecasts. Claims rose 227k last week, down...

Durable Goods Contraction Provides Welcomed Relief to Battered Market Sentiment

The latest data shows that US Durable Goods Orders fell by 0.8% in September, marking the second consecutive month of contraction after a sharp downward revision of the previous month's figure...

US Dollar Retreats Due to Profit Taking Move but Upside Risks Remain

The US Dollar has weakened against most major currencies today, as market participants book profits after the parabolic rise and ahead of crucial US economic data releases. The spotlight is on the PMI...

US Dollar Resumes Strengthening Amid Election Uncertainty and Safe-Haven Demand

The US Dollar accelerated its rally on Wednesday ahead of the US opening bell, driven by heightened uncertainty surrounding the upcoming presidential election and a surge in safe-haven inflows as...

Dollar Rally Continues Despite Mixed Fed Speak

Dollar Pushes OnThe US Dollar continued to push higher yesterday with the trade-weighted index hitting fresh highs for the year. Momentum was capped later into the session however by dovish comments...

EURUSD Struggles Amid ECB Dovish Expectations; GBPUSD Holds Near 1.30 After Strong UK Retail Sales

The EURUSD pair is struggling to maintain momentum above the key short-term support level of 1.0850. After a modest recovery on Friday, the pair faces renewed selling pressure, with the possibility of...