Forex Market Review: Dollar Gains as Eurozone Growth Slows
United States of America. The US dollar is strengthening against the euro and the pound, while showing mixed performance against the yen.
Markets
8
October
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By Sagar Dua - 79
Against the backdrop of a stronger US dollar, the USD/CAD pair is trading near 1.4262, while positive Canadian economic data are limiting further gains.
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By Sagar Dua
- 119
The USD/CHF pair continues to trade within a long-term upward trend, forming an ascending channel and approaching its upper boundary near 0.8361, while the Swiss franc remains under pressure from relatively stable inflation and the cautious monetary policy stance of the Swiss National Bank.
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By Sagar Dua
- 83
The USD/JPY pair is strengthening for the second consecutive week, trading near its monthly highs around 158.20, as the US dollar receives support following the publication of the minutes from the Federal Reserve's September meeting.
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By Sagar Dua
- 99
The leading US technology index, the Nasdaq 100 (NQ 100), is showing corrective dynamics, trading near 31145.0 under the influence of macroeconomic data that may affect the Federal Reserve's monetary policy decision at the end of the month.
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By Sagar Dua
- 71
The XAG/USD pair is trading near 59.00–60.00, continuing the correction that began in late August amid persistent geopolitical tensions in the Persian Gulf and Red Sea regions.
7
October
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By Sagar Dua
- 157
Japan's benchmark Nikkei 225 index closed near 70035.71, remaining above the key 70000.0 level amid rising government bond yields and continued volatility in the national currency.
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By Sagar Dua
- 97
The XAU/USD pair continues to trade above this summer’s key support level of 4000.00, reaching the 4131.84 area today.
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By Sagar Dua
- 109
Against the backdrop of a broadly neutral US dollar trend, the GBP/USD pair is correcting near 1.3249.
6
October
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By Sagar Dua
- 47
After four consecutive weeks of decline, the AUD/USD pair is correcting higher and is trading near 0.6975.
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By Sagar Dua
- 75
Since the beginning of last month, the USD/CAD pair has been moving higher, reaching an 18-month high yesterday near 1.4290 (61.8% Fibonacci retracement).
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By Sagar Dua
- 130
Benchmark Brent Crude Oil prices continue to move within a global corrective trend, trading slightly below the 100.00 mark.
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By Sagar Dua
- 140
The leading index of the Frankfurt Stock Exchange, the DAX 40, is trading near 25323.0.
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