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Dollar Bulls Caught Offside By Weak Retail Sales

Retail Sales PlungeFollowing a strong start to the week, driven in part by hotter-than-forecast inflation data, the US Dollar has reversed sharply into the end of the week. Yesterday’s US retail sales...

Copper Testing Key Support

Copper Under PressureCopper prices remain under pressure today, despite the lift in Chinese stocks on the back of weak China data overnight. CPI and PPI were both seen falling again in the world’s...

Strong US Dollar Weighing on Euro

Euro Lower on MondayEURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set...

USD Rises As Fed Says No Rush to Cut Rates

Fed Pushes Back on Rate-Cut CallsThe US Dollar is seeing a decent bid across early European trading on Thursday. Last night, the Fed held its headline policy rate unchanged as expected while adding...

Strong US Data Raises Hawkish Risks Into FOMC

GDP Beats ForecastsThe US Dollar is pushing higher on Friday following yet a further set of positive data yesterday. Advance Q4 GDP was seen at 3.3% vs 2% expected. While down from the prior quarter’s...

Dollar Rallying Ahead of 1st NFP of 2024

ADP Drives USD Higher Ahead of NFPThe US Dollar is trading higher ahead of tomorrow’s keenly awaited NFP figures for last month. The first release of the New Year comes on the back of a...

Dollar Drops On Dovish Fed Speak - GDP Next

DXY PlungesThe US Dollar was seen plunging to its lowest level since early August yesterday as traders digested the latest Fed commentary. Fed’s Waller commented yesterday that he was encouraged by...

Dollar Holding On As Retail Sales Remain Positive

USD Selling PausesThe US Dollar failed to continue the breakdown we saw on Tuesday as better-than-forecast retail sales data yesterday helped stem the selling. While still very weak at 0.1%, down from...

Dollar Marches Higher on Hawkish Fed Speak

Fed Keeps Door Open to Further HikesThe US Dollar continues to rebound into the middle of the week with firm buying through the European open on Wednesday. The driver behind the current uptick is the...