ROBOTFXAustralian Dollar Outlook: RBA and Trade Play Out in AUD
The RBA rate decision has come and gone with the widely anticipated 50-basis point hike to 1.85% that sent the Aussie south. The move lower was comp…
Showing posts with the label dollarShow all
Dollar index analysis for August 4th, 2022.
Blue rectangle- resistance Purple rectangle- target if resistance is broken The Dollar index is under pressure. Price is trading around 105.82 hav…
The dollar is not suitable for investors as a safe haven - not anymore
In this turbulent year, bulls have little choice. The brighter the American currency broke out into favorites, putting both the euro, the pound, and …
Australian Dollar Outlook: US Dollar Gyrations Dominate AUD
The Australian Dollar has finished another tumultuous week higher than where it started. Domestic inflation figures followed by the Federal Reserve …
Canadian Dollar Higher After Solid Retail Sales
The Canadian dollar has started the week with gains. USD/CAD is trading at 1.2852 in the North American session, down 0.54% on the day. Canada’s R…
EUR/USD analysis on July 22. The dollar fell sharply in price after the failed business activity indices
A few weeks ago, the wave markings on the 4-hour chart for the euro/dollar instrument got more complex and no longer had a holistic appearance. Ther…
Gold price remains under pressure despite Dollar weakness.
Red lines- downward trend line Blue line- resistance trend line Gold price is trading still above $1,700. Despite Dollar weakness Gold bulls seem …
EUR/USD. 100-point Fed rate hike: Dollar bulls make a false start
The US dollar, at the start of the trading week, is losing its positions throughout the market, including in pairs with the euro. EUR/USD bears aband…
US Dollar Fundamental Forecast: DXY Set for More Gains on Ailing Euro, Yen
The US Dollar climbed higher last week, hitting levels not traded at since September 2002, after a US inflation report strengthened Federal Reserve r…
US Dollar Forecast: June US Inflation Data Could Reinforce DXY’s Bullish Momentum
Most Read: EUR/USD Parity Within Touching Distance as USD Surges Ahead of Key Data The U.S. dollar, measured by the DXY index, had another strong we…
The dollar proved everything to everyone
The US labor market turned out to be too hot for the Fed to feel comfortable. Nonfarm payrolls rose by an impressive 372K, and with the two previous …
U.S. Dollar Trending Higher As Primary Global Reserve Currency
The U.S. Dollar is one market that continues to stand out as a stronghold for traders and investors. The world's primary reserve currency, the U…
Gold suffers fall amid Fed's determination and strong dollar
With the highest inflation in the United States in four decades, the armed conflict in Ukraine, and the risks of a recession in the global economy gr…
Pound dives below 1.19 as dollar soars
The British pound has taken a nasty tumble today, falling 1.63%. In the North American session, GBP/USD is trading just above the 1.1900 line. Baile…
Australian Dollar Q3 2022 Forecast: Fed’s Lost Credibility is Noted by RBA
The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. The mo…
Dominant U.S. Dollar Turns To Another Round Of Data
The US dollar will be in the spotlight this week with the Fed’s favorite inflation measure on Thursday ahead of the ISM manufacturing PMI on Friday. …
Australian Dollar May Fall as Global Growth Fears Fester
The Australian Dollar seems to be trading as a barometer of the markets’ global recession fears. This is not out of character: the Aussie is frequent…
Strengthening Singapore Dollar Weighs On The British Pound
The Singapore dollar has shown great strength for the past 12 months against the pound sterling, underpinned by the Singaporean economy growing 7.6%…
Canadian Dollar Edges Up After Strong PMI
The Canadian dollar extended its gains on Tuesday. USD/CAD was trading at 1.2545, down 0.26% on the day. The Canadian dollar received a boost as the…
U.S. Dollar Looks Poised For Additional Gains
The divergent performances make it challenging to talk about the G10 currencies last week. The Canadian dollar led the advancing major currencies w…
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