Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Indices

USD rebounds as risk appetite improves – Danske Bank

Source Fxstreet

The US Dollar (USD) caught a bid across G10 FX yesterday as safe-haven flows took a breather amid improved risk sentiment, with the JPY, CHF, and particularly gold weakening, Danske Bank's FX analysts report.

EUR/USD to retain a mild topside bias

"Softer May euro area inflation data had limited market impact, with around 57bp of ECB rate cuts still priced in for the full year and a 25bp cut effectively fully priced for tomorrow's meeting. In the US, the JOLTs report painted a mixed picture - job openings and hiring ticked higher against expectations, while involuntary layoffs also edged up modestly."

"Attention now turns to today's ADP employment report and ISM services data, ahead of Friday's May payrolls. Overall, we continue to see EUR/USD as a reflection of USD vulnerability rather than EUR strength."

"With policy risks elevated, economic momentum slowing, and investor confidence still fragile, the USD likely requires a clean, data-driven narrative shift to regain traction. Until then, we expect EUR/USD to retain a mild topside bias."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Author NewsBTC

Jul 14, Mon

Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Apple Q4 revenue tops estimates; $1.1B tariff impact forecast Apple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.

Author Mitrade

Aug 01, Fri

Apple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.

S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff Concerns S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.

Author Mitrade

Sept 03, Wed

S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.

ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026 Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Author Mitrade

Sept 10, Wed

Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBC Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).

Author Mitrade

Sept 26, Fri

Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).

Related Instrument