Currency Reports
Know our expert take on short term outlook on currencies based on technical analysis.
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Daily Technical Report:17 MAY 2024
Daily Technical Report:17 MAY 202417 May 2024
The Dollar recovered from five-week lows on statements from regional Fed members that rates need to stay higher for longer. -
Daily Technical Report:16 may 2024
Daily Technical Report:16 may 202416 May 2024
The Dollar fell to a one-month low as softer than expected retail sales data saw traders bolstering their bets for Fed rate cuts – the market is now predicting two rate cuts before year-end from one earlier. -
Daily Technical Report:15 MAY 2024
Daily Technical Report:15 MAY 202415 May 2024
The US 10 year bond yields inched lower towards the 4.41% mark ahead of the inflation data today, consequently pushed the Dollar index closer to the 105.00 handle. -
Daily Technical Report:14 may 2024
Daily Technical Report:14 may 202414 May 2024
The Dollar index dropped, driven by softer US 10-year bond yields ahead of inflation data due tomorrow. -
Weekly report:13 MAY 2024
Weekly report:13 MAY 202413 May 2024
The dollar remained under pressure this past week as the softening job market increased expectations of a Fed rate cut by year-end. -
Daily Technical Report:10 may 2024
Daily Technical Report:10 may 202410 May 2024
The Initial applications for the US employment benefit rose last week to the highest level since August broadly inline with the gradual cooling in the labor market. -
Daily Technical Report:9 MAY 2024
Daily Technical Report:9 MAY 202409 May 2024
The Dollar index remained a bit muted and traded in a range against the peers as the traders wait for the inflation data, to get a gauge of the rate path. Domestic demand for the Dollar, pushed the USDINR pair higher. -
Daily Technical Report:8 may 2024
Daily Technical Report:8 may 202408 May 2024
The Dollar index recovered from its Friday’s losses and moved higher above the 105.20 handle. -
Daily Technical Report:7 MAY 2024
Daily Technical Report:7 MAY 202407 May 2024
The softer Jobs data increased the odds of a rate cut by the FED this year.