US Dollar Index fades bounce off eight-day low amid market’s indecision. Lack of catalysts challenge the previous rebound backed by firmer US statistics, risk-off mood. US CB Consumer Confidence for June, qualitative factors to determine moves ahead of Wednesday’s ECB Forum. US Dollar Index (DXY) pokes the 104.00 hurdle as buyers struggle to extend the … Read more
Gold is on the back foot as the US dollar and risk step up a gear. The price is trading within a phase of consolidation between $1,810 and $1,875. At $1,822, the price of gold has taken a step backwards despite a soft dollar bias in the markets. XAU/USD is down some 0.8% and has fallen … Read more
AUD, NZD, EMFX Plunge, GBP Pounded, Stocks Tumble Summary: FX volatility picked up overnight after US treasury bond yields blasted higher following last week’s hot inflation report. The rise in the US CPI last week saw inflation at its highest in 40-years. At the closed of trading in New York, the benchmark 10-year US note … Read more