Titus

The Fed is going to cut rates next week and that hangs some weight on the tail of the dollar. We are not out of the woods yet, with the signals mixed for the majors—sterling and the euro. The key driver is the 10-year yield which has now recovered, with the stock market looking increasingly like a b

The DXY gained toward 106.70 on Thursday. US Dollar Index rises after Christine Lagarde confirmed the ECB’s dovish stance. PPI figures from the US came in hot, benefiting the USD. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rose toward 106.70 after

EUR/USD drops to near 1.0530 as investors await key events including US inflation and the ECB policy meeting. The ECB is widely anticipated to cut its Deposit Facility Rate by 25 bps to 3% on Thursday. Economists expect US annual core CPI to have grown steadily by 3.3% in November. EUR/USD slides to

USD/CAD trades with positive bias for the third straight day and climbs to a fresh multi-year top. Bets for a larger BoC rate cut and a modest downtick in Crude Oil prices undermine the Loonie. A subdued USD price action caps the pair ahead of the US CPI and BoC decision on Wednesday. The USD/CAD pa

The British pound has extended its gains for a third straight trading day. In the North American session, GBP/USD is trading at 1.2757, up 0.45% on the day. British UK Construction PMI accelerates in November The UK Construction sector rose to 55.2 in November, up from 54.3 in October and above the

EUR/AUD climbs over 0.86%, rebounding off a low of 1.6198 as bullish sentiment takes hold. The pair tested but failed to breach the confluence of the 100 and 200-day SMAs at around 1.6378. Potential upward targets set at 1.6400 and 1.6500, with October highs in view; support remains near weekly lows