Author: admin

Loonie edges lower as yields fall despite upbeat US data.USD/CAD pressured by Fed’s Waller calls for a July rate cut.USD/CAD dips below the 50-day SMA, bringing the 20-day SMA into play.The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) on Friday as markets focus on dovish comments from Fed Governor Waller.At the time of writing, USD/CAD is trading above 1.3720, posting a modest decline of 0.20%.USD/CAD pressured as Waller calls for July rate cut, Fed uncertainty weighs on the US DollarFederal Reserve Governor Christopher Waller is calling for the Fed to adopt a more accommodative stance at…

The Euro gains nearly 0.50% on Friday, lifting EUR/USD above 1.1650.The US Dollar Index slips toward 98.00, giving up most of the week’s gains.The University of Michigan Consumer Sentiment beats expectations but fails to lift the US Dollar.The Euro (EUR) gains positive traction against the US dollar (USD) on Friday, supported by a softer Greenback amid easing US Treasury yields and cautious market sentiment. The USD is under mild pressure following a brief surge during the week, as traders react to growing divergence among Federal Reserve (Fed) officials on the timing and pace of interest rate cuts.The EUR/USD is ticking…

Every autumn, American retirees eagerly await the announcement of the Cost-of-Living Adjustment (COLA), the annual adjustment designed to preserve their purchasing power in the face of inflation.Indexed to the rise in consumer prices, the COLA determines the increase in Social Security benefits for the following year.But its repercussions extend far beyond the simple amount paid by the administration. It can, more indirectly, impact your retirement savings, notably via Individual Retirement Accounts (IRAs).Behind the mechanics of the COLA lies a broader logic, that of inflation, which impacts the entire retirement planning.COLA: A safeguard against currency erosionCOLA, introduced in the 1970s, automatically…

The USD/JPY outlook is pointing north as the dollar remains strong following upbeat retail sales data. US unemployment claims were well below the forecasts.  The yen was fragile as markets awaited an election in Japan. The USD/JPY outlook points north as the dollar remains strong after upbeat retail sales data from the previous session. Meanwhile, the yen was fragile as a looming election in Japan created some political uncertainty.  –Are you interested in learning more about Forex robots? Check our detailed guide- The US dollar and Treasury yields rose on Thursday after data revealed solid retail and core retail sales.…

The Indian rupee weakened slightly on Friday, falling for a second consecutive week, as the dollar recovered from a more than two-year low and outflows pressured local stocks. The rupee closed at 86.1475, down from its previous close of 86.0750, and 0.4% lower from a week earlier. India’s benchmark equity index the Nifty 50, fell 0.7% this week, even as MSCI’s gauge of regional stocks excluding Japan was 0.8% higher.In the near-term, the rupee is “likely to hover closer to 86.50 than 85.50,” a trader at a large private bank said. Corporate dollar demand and equity outflows weighed on the…

The rupee gave up initial gains to settle 4 paise lower at 86.16 (provisional) against the US dollar on Friday, dragged by foreign fund outflows, rising global crude oil prices and a steep decline in domestic equity markets. However, a weak greenback against major currencies prevented a sharp depreciation in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened higher against the US dollar at 85.99 and moved in the range of 85.97-86.23 before closing at 86.16 (provisional), down 4 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against…

Rupee strengthens against US dollar, rises 6 paise to 86.06 against US dollar. | Photo Credit: iStockphoto The rupee appreciated 6 paise to 86.06 against the US dollar in early trade on Friday on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 85.99 before dropping to 86.06 against the US dollar, up 6 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against the…

Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly noted on Thursday that, despite overall progress on inflation and price stability, price pressures still remain a key issue for the Fed, making it difficult to move policy rates amid ongoing turmoil at the outer edges of economic data.Key highlightsStill have some work to do on inflation.We have solid growth, solid labor market.What’s bothersome still is we haven’t achieved price stability.Focus is on inflation; other things don’t distract us.Policy, economy in a good place.Rates have been restrictive for a significant number of years.June’s Consumer Price Index (CPI) showed some…

The US Dollar regains ground as US President Donald Trump walks back the threat to remove Fed Chair Jerome Powell.The US Dollar Index trades near three-week highs, buoyed by sticky inflation and stable Treasury yields.Technical breakout signals bullish momentum, with upside targets at 99.50 and the psychological 100.00 level.The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed) Chair Jerome Powell. Market tensions eased after Trump walked back the threat, stating it was “highly unlikely” that he would dismiss Powell.…

USD/CHF gains as US Retail Sales support a hawkish Fed stance.Expectations that the Fed will cut rates in September decline, central bank divergence supports USD/CHF strength.USD/CHF eyes further gains as bearish momentum fades above 0.8000The US Dollar (USD) is firming against the Swiss Franc (CHF) as upbeat US economic data and hawkish Federal Reserve (Fed) comments support demand for US yields.Retail Sales data on Thursday reflected an increase in consumer spending for June, coming in at 0.6%, above the expected 0.1% rise. The upside surprise in spending, despite tariff uncertainty and high interest rates, has provided a glimmer of hope…