Dollar Pullbacks Limited as Markets Brace for Key US Labor Data and Election Uncertainty
The US Dollar continues to demonstrate robust performance, trading near three-month highs and on track for a 4% rally in October—its strongest monthly gain in two years. This strength underscores the...
Dollar Softens on Lower Jobless Claims
Jobless Claims DropFollowing a further strong rally this week, the US Dollar softened yesterday as the latest weekly jobless claims number came in below forecasts. Claims rose 227k last week, down...
Durable Goods Contraction Provides Welcomed Relief to Battered Market Sentiment
The latest data shows that US Durable Goods Orders fell by 0.8% in September, marking the second consecutive month of contraction after a sharp downward revision of the previous month's figure...
Pound Pulls Lower on Weak UK Data
UK PMIs Drop AgainGBPUSD is pulling back from earlier highs on the session as traders digest the latest UK economic data released this morning. Both the factory and non-factory sector PMIs came in...
Trump Trade Weighs on Copper
Copper Stays RangeboundFollowing the slide from September highs, copper prices have stabilised over the last week with the futures market settling into a narrow and congested range atop the 4.30...
EURUSD Sinks on Dovish ECB Comments
EUR Slide DeepensEURUSD remains under heavy selling pressure into the middle of the week as the post-ECB slide deepens. Speaking yesterday, ECB chief Lagarde reiterated the bank’s dovish messaging,...
Loonie Breakout Risks Into BOC
Dovish BOC RisksThe Loonie is in focus this week as traders prepare to receive the BOC’s latest rate decision tomorrow. The pair has advanced more than 3% off last week’s lows as traders brace for a...
Dollar Rally Continues Despite Mixed Fed Speak
Dollar Pushes OnThe US Dollar continued to push higher yesterday with the trade-weighted index hitting fresh highs for the year. Momentum was capped later into the session however by dovish comments...
Gold Hits New All-Time Highs
Gold Rally ContinuesGold prices continue to push further into new record highs across early European trading on Monday. The futures market is now up around 30% on the year as gold continues to...
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