US Dollar: There is no compelling bearish story for the next week or so – ING
Source Fxstreet
The US Dollar (USD) is still on top across G10 and EM FX. Economists at ING analyze Greenback’s outlook.
Dollar can stay broadly supported into the 31 January FOMC
We think the Dollar can consolidate after the recent gains, continuing to draw some benefits from Christopher Waller’s remarks earlier this week, which may have led markets to favour defensive positions heading into the FOMC on 31 January.
The only key data release in the US before then is the fourth quarter GDP figures next week, and barring major surprises there, there is no compelling bearish story for the next week or so.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Nvidia now holds more than 8% of the S&P 500, the largest weight for any one stock in the index since records began in 1981.
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Gold (XAU/USD) is trading with a positive bias for the second straight day on Thursday, though it lacks bullish conviction and remains below the $4,000 psychological mark through the Asian session.
Related Instrument
