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Forex Today: Markets will closely follow the PCE data and German inflation

The US Dollar traded with a tepid downside bias amid lower yields and further investors' assessment of Wednesday's hawkish hold by the Federal Reserve, while the release of Friday's PCE also prompted some caution.
New
update2025.01.31 04:46

Canadian Dollar middles as markets mull over mixed US data

The Canadian Dollar (CAD) went nowhere fast on Thursday, cycling near the 1.4400 handle against the US Dollar (USD).
New
update2025.01.31 03:26

US Dollar weakens as markets digest Fed decision and GDP miss

The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, hovers below 108.00 as traders react to the Federal Reserve's (Fed) latest decision and a weaker-than-expected US Gross Domestic Product (GDP) print.
New
update2025.01.31 03:23

Mexican Peso extends rally unfazed by economic contraction

The Mexican Peso (MXN) surged for the third consecutive day against the Greenback as the emerging market currency shrugged off Mexico's economic contraction in Q4 2024, according to the Instituto Nacional de Estadistica Geografia e Informatica (INEGI).
New
update2025.01.31 03:09

Dow Jones Industrial Average middles on Thursday after mixed data and earnings

The Dow Jones Industrial Average (DJIA) churned on Thursday, marking in tracks around 44,700 but sticking close to the day's opening bids.
New
update2025.01.31 02:06

AUD/USD neutral as US GDP data misses expectations

The AUD/USD pair stands neutral around 0.6235 on Thursday, struggling to gain traction ahead of the US Q4 GDP data release.
New
update2025.01.31 01:15

USD/JPY falls as US GDP misses estimates bolstering Yen

The USD/JPY retreats in early trading during the North American session after economic data showed the US economy grew lower than expected a day after the Federal Reserve (Fed) decided to keep rates unchanged.
New
update2025.01.31 00:16

Gold challenges record highs post ECB, US GDP

XAU/USD trades dangerously close to its record high in the $2,790 region as the latest macroeconomic developments put pressure on the US Dollar (USD).
New
update2025.01.31 00:09

CTAs will continue to buy Silver - TDS

While a few false dawns have emerged in the past, spot and futures prices are both finally breaking out of the wedge that has contained Silver markets from the 2024's local top not reached since 2012, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
update2025.01.31 00:08

Gold reaches new all-time highs - TDS

Gold prices are pushing to new all-time highs as we expected, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
update2025.01.31 00:04

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