Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
21
May
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By Sagar Dua - 143
USD/JPY has been recovering ground lost during Japanese government currency interventions earlier in the month over the past two weeks, but in the last two sessions price has been unable to establish a firm hold above 159.00 as opposing forces continue to pull the pair in different directions.
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By Sagar Dua
- 159
Shares of Tesla Inc., the leading electric vehicle manufacturer, tested a five-month high of $452.90 before pulling back to the $393.20 area.
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By Sagar Dua
- 112
Shares of The Boeing Co., one of the world's largest manufacturers of aerospace and defense equipment, are trading at $221.00.
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By Sagar Dua
- 154
The leading index of the London Stock Exchange, the FTSE 100, is showing local downward dynamics around 10401.0 amid an internal political crisis in the United Kingdom.
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By Sagar Dua
- 146
The EUR/USD pair remains in a corrective trend around 1.1620 amid the Middle East crisis, which is helping keep oil prices above 100.0 dollars per barrel and the USDX near the psychological level of 100.00. These factors are acting as drivers of inflation acceleration to the highest levels since 2023 in the leading eurozone economies.
20
May
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By Sagar Dua
- 121
United States. The US dollar is moderately strengthening against the euro and the pound, while showing mixed performance against the yen.
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By Sagar Dua
- 122
Apple Inc. shares, representing the global giant in the development and sale of personal computers and tablets, are trading in an upward trend at 297.00.
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By Sagar Dua
- 139
GBP/USD is pulling back to 1.3386 amid broad US dollar strength and weak macroeconomic data from the United Kingdom.
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By Sagar Dua
- 147
Gold Price Forecast: XAU/USD Slips Below $4,500 as 10-Year Yields Hit 4.663% and Bears Target $4,380
XAU/USD is holding just below the key support level from the start of the year at 4,500.0: this dynamic is likely to intensify as the Asian session gets underway, with bears now potentially targeting the intermediate low at 4,400.0.
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By Sagar Dua
- 160
The euro is posting a modest decline against the US dollar during the Asian session on today, testing the 1.1600 level for a downside breakout and updating local lows from April 8, as market participants focus on German April inflation data. The Producer Price Index in the eurozone's largest economy rose 1.7% year-on-year — 0.2% above market expectations — after declining 0.2% in March, while the monthly reading eased from 2.5% to 1.2%, coming in slightly above the 1.0% forecast.
19
May
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By Sagar Dua
- 108
USD/CHF has been in a downtrend for the second consecutive month, but after hitting a three-month low of 0.7760, the pair reversed higher, recovered a portion of its losses, and is now testing the 0.7873 level (Murray [5/8]) against a backdrop of new monetary and geopolitical developments.
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By Sagar Dua
- 150
United States. The US dollar is strengthening against its major peers — the euro, the pound, and the yen.
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