USD/JPY Retreats from Six-Month High Amid Mixed Data Signals
The USD/JPY pair trades at 158.27, down 0.09%, after hitting a six-month high of 158.88 in the wake of a robust US Nonfarm Payrolls (NFP)…
Posts Tagged: consumer sentiment
US Consumer Sentiment Drops Amid Fears of Rising Inflation
Consumer sentiment dropped in November amid fears about rising inflation and high interest rates. A recent survey has shown that consumers drastically slowed down spending…
US Dollar Index (DXY) Rises on Hotter-Than-Expected Inflation in August
The US dollar tried to stay in positive territory to finish the trading week after the latest inflation data came in hotter than expected. The…
GBP/USD Loses Early Asian Gains on a Stronger DXY and BOE Letdown Fears
GBP/USD is having trouble staying above 1.1400 as traders get ready for monetary policy statements from the Fed and BoE. (BOE). The quote goes back…
US Dollar Seeks Direction Amid Weakening Consumer Sentiment, Yield Reversal
The US dollar was mixed against its major currency rivals to close out the trading week as investors are still processing the red-hot January inflation…
US Dollar Rallies Amid Sharp Drop in Retail Sales, Industrial Output
The US dollar is surging to finish the trading week as the broader financial markets were drowning in red ink amid disappointing retail sales data….
Gold Extends Rally, Poised for Weekly Gain on Inflation Fears, DXY Weakness
Gold futures are extending their rally to close out the trading week, benefiting from a blend of a weaker US dollar and growing inflation fears….
Gold Recovers With Huge Rally, Posts Weekly Gain on Collapsing Consumer Sentiment
Gold futures are spiking to close out the trading week, allowing the precious metal to post a weekly gain. Gold prices have been on a…