US Dollar Grinds Higher as the Canadian Dollar Drops. Where to for USD/CAD?

The US Dollar held the high ground across the board today, supported by a lift in Treasury yields as markets eye off a jumbo hike from the Fed next week. Further peaks for USD/CAD?

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Crude Oil and Gold Prices Sink to Support as US Data Keeps a Hawkish Fed in Focus

Crude oil and gold prices fell sharply on Thursday as solid US economic data bolstered the case for a hawkish Fed. Heading into the weekend, traders are eyeing University of Michigan Sentiment.

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Gold Breaks Support, USDCNH Breaks Resistance but S&P 500 Circling Ahead of UofM

It will likely prove difficult to spur the S&P 500 or other distinctly 'risk' oriented benchmarks to a serious run until the Fed decides on whether to hike 100bps next week. Yet, that doesn't mean the market is relegated to quiet until then. Gold and USDCNH have broken key technical levels with data including UofM sentiment ahead.

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USD/CAD Rebound from 50-Day SMA to Clear September Opening Range

USD/CAD may push towards the November 2020 high (1.3371) as the exchange rate clears the opening range for September.

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Euro Forecast: EUR/USD Struggling, but EUR/GBP & EUR/JPY Retain Bullish Potential

The major EUR-crosses tell different stories.

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Gold Price Forecast: XAU/USD Back Below $1700 on Fed Rate Hike Expectations

Spot gold is on the backfoot this morning ahead of U.S. retail sales data leaving XAU/USD trading below the key $1700 level.

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US Dollar Steadies the Ship While Speculation Swirls of Fed Hikes and BoJ Intervention

The US Dollar's robustness remains intact as the market recalibrates Fed rate hike expectations ahead of their meeting next week. Will data later today move get the USD rally going again?

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S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven

Despite the extraordinary volatility - and risk aversion move - that immediately followed the US CPI release, there was little follow through to be found this past session. While we can still navigate into significant activity for risk asset and Dollar-based majors through the immediate future, the market's attention will be anchored on next week's FOMC decision.

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Gold Prices at Risk as FOMC Bets Firm Up. US Retail Sales May Trigger a Crash

Gold is at risk of crashing with prices below 1,700 as FOMC bets for a 100-basis point rate hike rise. XAU may crash if those bets increase further, with US retail sales providing a possible catalyst.

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Australian Dollar Chopped Up on Jobs Data as Market Eyes RBA Action. Will AUD/USD Rally?

The Australian Dollar eventually gained traction after jobs data revealed a healthy economy despite an uptick in the unemployment rate. Can AUD/USD continue higher?

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Crude Oil Price to Test 50-Day SMA on Break Above Monthly Opening Range

The price of oil may push towards the 50-Day SMA ($92.76) if it clears the opening range for September.

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Japanese Yen Gained After BoJ Hinted Intervention, What Could this Mean for USD/JPY?

The Japanese Yen gained on Wednesday as the Bank of Japan hinted at currency intervention. Will the BoJ keep policy loose in the interim? USD/JPY is eyeing a key trendline.

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How Will US Inflation Data Impact the September Fed Meeting?

Senior Strategists James Stanley and Christopher Vecchio, CFA discuss US inflation data and the September Federal Reserve rate decision.

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Gold Prices Eye US PPI Data. Is a Big Breakdown Afoot?

Gold prices are steady in Asia-Pacific trading after a sharp overnight drop following US CPI data. Prices are at the long-defended 1,700 level, but a big breakdown is on the cards if US producer prices surprise estimates.

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Despite S&P 500’s Worst Day in 2 Years, VIX Doesn’t Signal Capitulation

The unexpectedly robust US CPI reading this past session triggered the biggest plunge from the S&P 500 in over two years while the Dollar rallied right back towards its extreme highs. While the data was a surprise, this move speaks more to the market's bias. Further, VIX says the point of capitulation isn't close.

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ASX 200 Tanks on Tempestuous US CPI Punching Treasury Yields Higher

The ASX 200 has been hammered by a global risk-off storm sweeping markets in the aftermath of a higher than anticipated US CPI that has the Fed in jumbo hike mode.

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AUD/USD Approaches Monthly Low Ahead of Australia Employment Report

Data prints coming out of Australia may curb the recent decline in AUD/USD as job growth is expected to recover in August.

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Hang Seng Index May Fall After US CPI Beat Raised Odds of a More Aggressive Fed

Hang Seng Index futures slumped after US CPI data beat expectations and boosted odds of a more aggressive Fed. Hong Kong equities may extend their three-month-long downtrend.

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Bitcoin Prices Plummet against CPI-Charged USD as Asia-Pacific Traders Brace for Impact

Asia-Pacific markets are set to fall after Wall Street suffered heavy losses following a hotter-than-expected CPI report. Bitcoin prices may fall more against a strong Dollar as sentiment sours.

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S&P 500 and Nasdaq 100 Sink as High Inflation Bolsters Case for Hawkish Fed

U.S. stocks sold off violently on Tuesday after stronger-than-expected U.S. inflation data sent Treasury yields higher on bets that the Fed will have no choice but to keep raising rates forcefully.

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