The US dollar is trading close to 2-week lows against a basket of currencies after largely disappointing US economic data last week encouraged more traders cut their USD long positions. However, Friday's US inflation dat…
The US dollar is trading close to 2-week lows against a basket of currencies after largely disappointing US economic data last week encouraged more traders cut their USD long positions.
However, Friday's US inflation data provided some relief for the US currency. The data kept alive the possibility of the Fed raising interest rates by June, although market data suggests a higher probability of a hike much later in 2015.
Uncertainty about Greece's financial outlook could continue to provide the US dollar with safe haven support this week despite growing doubts about the strength of the US economy before next week's major US trading point. On April 29th US GDP estimates may show a considerable Q1 slowdown in economic growth. The same day the Fed will make its latest interest rate announcement.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
