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

OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment Option On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Author Mitrade

Aug 19, Tue

On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Japanese Stocks Surge, Yen Weakens Amid PM Ishiba’s Resignation and Fiscal Uncertainty Japanese stocks rose and the yen weakened as Prime Minister Ishiba’s resignation heightened concerns over the country’s fiscal policy and interest rate outlook.

Author Mitrade

Yesterday 01: 33

Japanese stocks rose and the yen weakened as Prime Minister Ishiba’s resignation heightened concerns over the country’s fiscal policy and interest rate outlook.

Oil Prices Rise Following OPEC+ Decision to Slow Output Increases Starting in October Oil prices edged higher early Monday, recovering some ground lost last week, after OPEC+ agreed to moderate its pace of output increases starting in October amid concerns over weakening global demand.

Author Mitrade

Yesterday 01: 48

Oil prices edged higher early Monday, recovering some ground lost last week, after OPEC+ agreed to moderate its pace of output increases starting in October amid concerns over weakening global demand.

Dollar steadies before U.S. jobs data; euro pressured by French turmoil The U.S. dollar edged higher Tuesday, stabilizing after a slide to seven-week lows as traders looked ahead to key labor and inflation data expected to lock in a Federal Reserve rate cut next week.

Author Mitrade

6 hours ago

The U.S. dollar edged higher Tuesday, stabilizing after a slide to seven-week lows as traders looked ahead to key labor and inflation data expected to lock in a Federal Reserve rate cut next week.

European stocks mixed; French political crisis, U.S. inflation in focus European equities traded narrowly on Tuesday as investors weighed political turmoil in France against anticipation of key U.S. inflation data later this week.

Author Mitrade

6 hours ago

European equities traded narrowly on Tuesday as investors weighed political turmoil in France against anticipation of key U.S. inflation data later this week.

Related Instrument