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The dollar widens its losses and gold gains to reach the 1291 level

The Dollar extended its retreat against most of its Rivals as US yields fell back. The Kiwi sank as New Zealand formed a coalition government with a Labor majority. The Euro rallied as traders shrugged off the latest Spanish/Catalonia developments. Sterling slipped on weaker-than-expected retail sales data. The Australian Dollar rose on another set of robust employment data.

READ MORE10/20/2017
Euro is rising above 1.18 again awaiting the political developments in Catalonia

Treasury prices extended their fall while yields rose. The US Ten Year yield closed up 4 basis points. The Dollar Index (USD/DXY) eased 0.12% at the close weighed by dismal economic data. The Euro rallied off its lows to finish up 0.2% at 1.1795.

READ MORE10/19/2017
The dollar regains its strength and Gold continues to decline to the 1280 level

The Dollar settled higher, finishing with broad based gains against its Rivals. Rumors that John Taylor, who impressed President Trump, was the favorite to get the Federal Reserve’s top job lifted the Greenback. 

READ MORE10/18/2017
The Dollar is rebounding against currencies, Gold dropping to 1290 after reaching the 1305 level

Bond yields in the US rose after Fed Chair Janet Yellen said that consumer prices will accelerate after a period of surprising softness. 

READ MORE10/17/2017
Gold is rising above the 1300 level after poor economic data in the US

The Dollar rebounded at the New York close following weak US inflation data. While the Dollar Index (USD/DXY) was flat, the Greenback had different fortunes against its Rivals.

READ MORE10/16/2017
Gold is settling above 1290 and the pound is rising after European comments on Brexit

The US Dollar finished mostly higher against its Rivals after the release of better-than-expected PPI and Jobless Claims data. Although the Dollar Index (USD/DXY) ended with modest gains, the currency divide widened. 

READ MORE10/13/2017
Catalonia Declares its independence and markets are preparing FOMC today

S&P futures are again modestly in the green as European shares hold steady ahead of a meeting of the Catalan regional parliament and a declaration of independence by Catalan leader Puigdemont, while Asian shares rise the second day. The dollar declined for the 3rd day, its losses accelerating across the board amid growing concerns that Trump’s tax reform is once again dead.

 

READ MORE10/11/2017
Turkish lira falls after a diplomatic crisis with the United States and gold rises as a safe haven after tensions with North Korea

The Dollar Index (USD/DXY) drifted lower in holiday-thinned, mainly featureless trading. Sterling rallied as political fears eased in the UK. The Euro edged higher amid a lack of fresh catalysts. Emerging Market currencies were mixed. The Turkish Lira slumped 3% as a diplomatic row between Turkey and the US threatened to disrupt travel and trade. 

READ MORE10/10/2017
The dollar to Highest level against all currencies ahead of the release of non-farm payrolls today

A mix of solid US factory orders, better-than-expected Unemployment Claims and hawkish Fed speak propelled the Dollar higher. While other factors weighed on the Dollar’s Rivals. The Euro fell as minutes of the latest ECB meeting revealed policy maker’s concerns over the Single currency’s rapid appreciation. 

READ MORE10/6/2017
Gold continues to slide below 1270 and the EUR reaches below 1.17 due to instability in Europe

The Dollar consolidated, confined to trading in narrow ranges and finishing little-changed. EUR/USD rallied off its lows following the violence at Catalonia’s independence vote. 

READ MORE10/4/2017