You US Dollar Index loses ground on downbeat US bond yields. Fed’s Powell tempered expectations of a rate cut in March. Fed Bank of Cleveland President Loretta Mester stated that the US central bank could consider interest rate cuts later

The US Dollar Index, which gauges the USD against other major currencies, continues to decline for the second consecutive session as it hovers around 104.10 during the Asian trading hours. This downturn comes despite efforts by Federal Reserve Chair Jerome

FX option expiries for Feb 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.0700 403m 1.0725 1.2b 1.0800 559m 1.0925 503m 1.0935 491m 1.0950 2.4b – USD/JPY: USD amounts 146.45 691m 147.00 1.1b –

On Wednesday, Bank of England (BoE) Deputy Governor Sarah Breeden expressed less concern regarding the necessity of tightening the bank rate, as reported by Reuters. Breeden stated, “My focus has shifted to considering the duration rates should remain at their

EUR/USD faces selling pressure around 1.0780 amid a stronger USD, maintaining a bearish stance below crucial Exponential Moving Averages (EMA) on the four-hour chart. The Relative Strength Index (RSI) stays below the 50 midline, indicating a downward path. Key resistance

On Monday, February 5, the US Dollar (USD) maintains its strength against other currencies, building on Friday’s significant surge. Escalating geopolitical tensions and Federal Reserve (Fed) Chairman Jerome Powell’s hawkish comments contribute to a negative market sentiment, bolstering the USD.

The Director of the International Monetary Fund (IMF) Asia and Pacific Department warned on Wednesday that the escalation of the Middle East conflict could impact oil prices, affecting many Asian countries. Additional quotes from the director include: “Asian central banks

In the early European session, silver prices (XAG/USD) have risen above $23.20. The surge in the white metal’s value is attributed to escalating geopolitical tensions in the Middle East, leading to increased demand for safe-haven assets. However, the future direction

Japanese Retail Sales, also known as Retail Trade according to the Japanese Ministry of Economy, Trade, and Tourism, disappointed by falling well below expectations in the early hours of Wednesday. The annualized Retail Sales for the year ending December grew