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Forex Today: The US Payrolls Takes Centre Stage
The USD Index (DXY) remained stuck within its multi-session bearish trend, approaching once again the 105.00 neighbourhood.
US Dollar Continues Its Decline After Wednesday's Data
US Dollar is under further scrutiny following dismal ADP and ISM Services PMI data
Federal Reserve: Decision to Ease This Year Is Dependent on Inflation Outcomes – TDS
Federal Reseve’s (Fed) FOMC June meeting provided no major insights regarding the policy outlook. FOMC became more cautious in the wake of sustained high inflation in Q1 2024, TDS analysts note.
The US Federal Reserve has been slow to cut interest rates, and the size of the US money market has surpassed 6.15 trillion US dollars, reaching a new high.
In the week ending on the 2nd, there was a inflow of approximately $51.2 billion into the US fund market, the largest inflow in three months. Some analysts pointed out that as long as the Federal Reserve continues to hold steady, funds will continue to flow into currency funds.
US Jobs Report Preview – Will Nonfarm Payrolls Disappoint?
Will the July Nonfarm Payrolls report disappoint, sending stocks and the US Dollar lower? Let's take a look at what the signal is from the other labor market indicators because forex fundamentals matter for trading.
US Dollar on the Bench With Focus on UK Elections
The US Dollar (USD) and US markets are closed due to Independence Day, though the break is more than welcome with very poor US economic data performance, which triggered some Dollar devaluation in its turn.