US Dollar slumps following October US jobs report
The US dollar declined on Friday after the release of the October US jobs report, as tightening of US monetary policy is expected next year. The US dollar lost some ground on Friday in the wake of the October US More...
US dollar slumps as meager US data fuel interest rate speculations
Wednesday’s disappointing US economic data result in a dollar selloff, indicating a shift in investors’ expectations about the timing of the Fed interest rate hikes. The EUR/USD rallied to a three-week high, More...
Is the dollar rally set to continue or a correction is ahead: it all depends on the Fed
Dollar bulls hold their breath, keenly awaiting Fed’s message today; the AUD/USD recovery should not be viewed as a game changer because further losses for the Aussie seem inevitable. The US dollar keeps on floating More...
Brent crude oil slumps to lowest in over 2 years on China anxiety
The firm US dollar and meager economic data from China, the biggest oil consumer worldwide, resulted in yet another slide for Brent crude oil; the latter sank to its lowest level in over two years. On Monday, Brent More...
The pain for the Australian dollar is not over yet
The Australian dollar lost about 4 figures against its US counterpart last week; further losses are expected due to the slowdown the Chinese economy is experiencing. The Australian dollar plunged to a 6-month low More...
Gold slumps to 8-month low on Fed monetary tightening fears
Bullion continued its losing streak on the Comex division of the NY Mercantile Exchange and silver did likewise, as a survey fueled bets the Fed may signal a rate hike on its policy meeting next week. On the New More...
EUR/USD inches higher in a short squeeze, as Russia and Iraq geopolitical conflicts come into focus
The euro regained some of the lost ground on Friday, but the unfavorable geopolitical situation, the mounting sanctions and the prospect of rising oil prices are sure to cut its gains soon. The euro made a recovery More...
