Forex Today: US Dollar rallies amid resilient Retail Sales and rising yields
Here is what you need to know for Friday, May 15:The US Dollar Index (DXY) rises toward the 98.80 region, reaching fresh two-week highs after US Retail Sales rose 0.5%…
Stephen Miran to step down from Fed board on Warsh swearing in
Federal Reserve (Fed) Governor Stephen Miran submitted his resignation letter from the Fed board on Thursday, effective on or shortly before Kevin Warsh is sworn in as the Fed's next…
USDCHF waffling with buyers and sellers battling it out. What would break this pair out?
The USDCHF has been trapped between support and resistance over the last three trading days, with price action turning increasingly compressed as traders wait for the next catalyst.On the downside,…
AUDUSD moves lower and breaks the 200 hour MA
The AUDUSD is breaking to the downside after sellers regained control in today’s trading. Recall that yesterday the pair found support against the 100-hour moving average during the early North…
The ECB and BoE Unlikely to Rush With Rate Hikes
The futures market is mistaken in expecting 2–3 ECB rate hikes in 2026. Accelerating US inflation will prompt the Fed to adopt a more hawkish stance. The US dollar took…
Euro slides as resilient US sales fuel Dollar rally
EUR/USD edges lower for the third consecutive day during the North American session, down 0.22%, as US economic data showed consumers' resilience. In contrast, jobless benefits data showed a slight…
The buying and selling in the USDJPY cannot be sustained in either direction
The USDJPY has seen volatile two-way price action today. Earlier in the session, the pair fell sharply from resistance near 157.97 to a low around 157.50 before rebounding. More recently,…
British Pound: Political uncertainty offsets growth support – MUFG
MUFG’s Lee Hardman explains that the Pound (GBP) is softer despite stronger-than-expected United Kingdom (UK) Gross Domestic Product (GDP), as markets anticipate slower growth later in the year due to…
U.S. Retail Sales Post a Solid Gain in April, But Higher Prices a Factor
Retail and food services sales rose 0.5% month-over-month (m/m) in April, in line with consensus expectations. However, sales gains were largely due to higher prices, with inflation picking up in…
USDCAD buyers are taking the price above the 100 day MA. Buyers make a play.
The USDCAD is breaking above its 100-day moving average at 1.3718, a key technical level that has repeatedly capped rallies over the past month. Recall that on Tuesday the pair…
