DXY Cooling From HighsFollowing a firm move higher over the last week the Dollar was seen reversing heavily lower yesterday. A hawkish surprise from the Fed last week, with Powell casting doubt on a...
NASDAQ Plunges On AI Selling
Stock Sell-Off ContinuesUS Stocks remain under pressure as we head into the weekend with the S&P slipping over 1% yesterday and the ANSDAQ more than 2% as AI-linked selling intensified. Market...
Dollar Slips From Highs Despite Jobs Beat
Upside ADP SurpriseThe DXY is easing back from 4-month highs today, despite a better-than-forecast ADP print yesterday. Private sector jobs were seen rising by 42k, up from -32k prior and above the...
Silver Pushing Higher on Weaker Dollar
Silver Higher on ThursdaySilver prices are seeing better demand today, tracking the move higher in gold with both metals seen benefiting from a weaker US Dollar. The greenback slipped from 4-month...
DXY Testing $100-Mark Ahead of ADP Data
Dollar Rally Pushing OnThe rally in the greenback continues midweek with the DXY back up at the $100 mark ahead of the keenly awaited ADP employment reading today. With public sector data still on...
Crude Lower As OPEC Signal Oversupply Concerns
Strong Dollar Hurting CrudeCrude prices are seeing heavy selling today as a combination of a stronger US Dollar and oversupply concerns weigh on sentiment. The futures market is down almost 2% today...
Is Bitcoin At Risk of A Major Breakdown?
BTC Testing Key SupportBitcoin bulls are in trouble today with danger signs flashing as the futures market tests the October low. BTC has come under heavy selling pressure again this week, extending...
Aussie Sinks Despite Hawkish RBA Comments
RBA Holds RatesThe Aussie Dollar has come under fresh selling pressure today despite the RBA holding rates steady overnight, citing fresh inflationary pressures. Following three prior cuts this year,...
Bullish Dollar Reversal Keeps Building
DXY Rally ContinuesThe reversal higher in USD is starting to gather pace now with DXY trading at its highest level since August today. The move comes amidst a shift in Fed outlook following hawkish...
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