The US released another batch of weaker-than-expected economic data on Friday, leading more traders to question the outlook for the US dollar over the next 1-3 months. The data showed industrial output shrank 0.3 percent…
The US released another batch of weaker-than-expected economic data on Friday, leading more traders to question the outlook for the US dollar over the next 1-3 months. The data showed industrial output shrank 0.3 percent in April while consumer confidence fell to 2014 lows in May. Consequently the US dollar fell last week to its weakest since February 06 against the Euro.
Dovish Fed member Charles Evans said today that US rate hikes may held back until 2016 unless inflation levels pick-up. The comments will put Friday's 13:30 inflation report top of mind this week. If the report comes in below expectations the US dollar could suffer more losses.
However, on Wednesday night at 19:00 minutes from the Fed's April meeting could show policymakers confident of the US economy gaining momentum in Q2. This would be USD positive.
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…
