The United States (US) core Consumer Price Index (CPI), excluding volatile food and energy prices, has held steady at 3.3%, maintaining its upward momentum from 3.2%. Additionally, the annual US headline Producer Price Index (PPI) surged to 3%,...
DXY: US Dollar Index. Trump's statements weaken the dollar The U.S. dollar index ( DXY ) is down for a second straight day, hitting a new monthly low, down nearly 0.40% on the day and remains on track for a second straight week of losses. Markets...
USD/JPY shows signs of force as consolidated The US dollar initially retreated against the Japanese Jenu during the Friday trade session, which was influenced by the recent Bank of Japan decision to raise interest rates. However, it seems that the...
The Bank of Japan raised rates to the highest since 2008 On Friday, the Bank of Japan increased interest rates by 25 basis points, bringing them to 0.5%. This was the highest discount rate level since 2008. This decision is due to the regulator's...
The EUR/USD pair is displaying a consolidation phase on the hourly chart, indicating indecision among market participants. Over the past few sessions, the pair has been trading within a narrow range, with the 1.0800 level acting as a central pivot...
