US Dollar Outlook Hinges on Federal Reserve Forward Guidance

US Dollar Talking Points The US Dollar Index (DXY) bounces back from a three-day losing streak ahead of the Federal Reserve interest rate decision on March 17, and fresh forecasts coming out of the central bank are likely to influence theGreenback as Fed officials are slated to update the Summary of Economic Projections (SEP). Fundamental… Continue reading US Dollar Outlook Hinges on Federal Reserve Forward Guidance

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NZD/USD Rebound Hinges on FOMC Meeting

New Zealand Dollar Fundamental Forecast: Mixed NZD/USD has rebounded robustly in recent days on the back of an underwhelming US CPI report. The upcoming FOMC monetary policy meeting may ultimately define the exchange rate’s near-term trajectory. The New Zealand Dollar has rebounded rather robustly against the US Dollar in recent days, as softer-than-expected core CPI… Continue reading NZD/USD Rebound Hinges on FOMC Meeting

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This was the week-of-the-loonie as the spectacular run in CAD/JPY continues

Canadian dollar was the top performer this week USD/CAD broke down to a fresh three-year low today, edging through the February floor. It’s the culmination of a great week for the currency that was capped off with a very strong jobs report. At the bottom of the ledger is the yen, which isn’t a surprise… Continue reading This was the week-of-the-loonie as the spectacular run in CAD/JPY continues

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Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields

Australian Dollar Fundamental Forecast: Neutral Australian Dollar aimed higher last week as USD weakened All eyes turn to Fed as markets eye their take on bond market Aussie may focus on Treasury yields, looking past jobs data Recommended by Daniel Dubrovsky How to Trade AUD/USD The sentiment-linked Australian Dollar spent most of last week aiming… Continue reading Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields

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WTI crude oil settles at $65.61

Crude oil settles down $0.41 or -0.62% The the price of WTI crude oil futures are settling at $65.61. That is down $-0.41 or -0.62%.  The high for the day reached $66.24. The low extended to $65.41.   For the week, the high price (and high for the recent cycle) reached $67.98 on Monday.  The low price was on Wednesday at $63.13.… Continue reading WTI crude oil settles at $65.61

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