Softer U.S. data and a cautious message from the Fed have put the dollar in a bit of a hole that it will look for a helping hand out of in U.S. data this week on housing, inflation and durable goods. Any evidence of a fu…
Softer U.S. data and a cautious message from the Fed have put the dollar in a bit of a hole that it will look for a helping hand out of in U.S. data this week on housing, inflation and durable goods.
Any evidence of a further loss in U.S. economic momentum would risk digging a deeper hole for the dollar. However, any constructive outcomes that play up the economy's underlying solid fundamentals would stir anew the U.S. interest rate debate and stand to buoy the greenback.
Existing home sales are due Monday, followed by consumer prices Tuesday, durable goods Wednesday and revised fourth quarter growth and consumer sentiment on Friday.
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…
