The British pound (GBP) continued its bullish recovery against the US dollar (USD) on Tuesday, despite recent economic data showing Britain’s employment boom was slowing. This was likely due to the perceived weakness in the dollar ahead of updates on US inflation later today, which could determine the US Federal Reserve’s course of action. The […]
With cryptocurrency becoming more of an everyday finance tool and crypto speculation requiring speedy fund deployment, exchanges have also become more innovative in making crypto funds easily accessible while preserving security. One way crypto exchanges have achieved this is through the invention of the fiat wallet. Before we delve into what a fiat wallet is, […]
The US dollar (USD) traded on a softer tone in the London session on Thursday a few days after refreshing multi-decade highs. The laidback market mood comes as traders remain on the sidelines ahead of the US Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on August 26. Risk-related currencies like the Aussie […]
A report released by the US Commodity Futures Trading Commission (CFTC) on Friday shows the market speculators’ net long positioning on the US dollar (USD) jumped in August, while net shorts on the euro (EUR) increased too. The report showed that the net longs on the greenback jumped to $13.37 billion in the second week […]
The US dollar (USD) continued on a bullish trajectory on Thursday after excerpts from July’s meeting minutes showed that the US Federal Reserve plans to uphold its aggressive rate hike campaign longer to further lower inflation. The US Dollar Index (DXY) tapped a new multi-week high of 107.06. US Dollar Dominates Market Thursday The booming […]
The US dollar (USD) lost more ground on Thursday after traders became more attracted to risk on bets of more aggressive US Federal Reserve rate hikes, following the release of better-than-expected inflation data by the Labor Department yesterday. The dollar recovered some ground in the North American session today, as the US Dollar Index (DXY) […]
The US dollar (USD) marked an across-the-board rally on Friday, securing its highest daily gain against the Japanese yen (JPY) since mid-June. This bullish breakout came after better-than-expected US job numbers, suggesting that the US Federal Reserve could continue its aggressive monetary tightening policy in the near term. The US Dollar Index (DXY), which tracks […]
The US dollar (USD) retained a bullish outlook against its currency counterparts on Thursday, as US Federal Reserve officials asserted that the central bank was unwavering in its aim to cut down the overblown inflation with aggressive interest rate policies. Fed officials fought to dispel the narrative that the bank has reached its peak in […]
Despite losing ground following the US Fed interest rate announcement and poor GDP reports, the US dollar regained a bullish countenance on Thursday, pushing close to the 107.00 level. This rebound comes after the greenback fell to the 106.05 mark in the Asian session today, its lowest point since July 5. According to the data […]
