Markets

The US dollar continues to drive movements in the gold price

The spot gold price has fallen to the lowest level in a year. It’s fallen over 10% mid-April. Over the same period, the US dollar index has rallied 6.5%. Rather than real US bond yields, movements in the US dollar remain the most influential factor over the gold price at […]
The US dollar continues to drive movements in the gold price
Markets

The dollar is sliding as US-China trade war materialises

The dollar slid early Friday, even after a stronger-than-expected jobs report. The US and China imposed sweeping tariffs on one another just after midnight. Follow the greenback in real time here. The dollar fell Friday as markets weighed a stronger-than-expected jobs market with an escalating trade battle between the US […]
The dollar is sliding as US-China trade war materialises
Markets

Why the US dollar rally could be about to reverse, in one chart

The US dollar index (DXY) hit a near one-year high on Tuesday. A more hawkish Fed, and more dovish ECB, have contributed to the US dollar’s recent strength. US economic data surprises compared to those elsewhere in the world have reached extreme levels, hinting that downside risks for the DXY […]
Why the US dollar rally could be about to reverse, in one chart
Markets

Traders are making increasingly bearish bets against the Australian dollar

Leveraged investors, including hedge funds, haven’t been this bearish on the Australian dollar in more than two years. While they are growing increasingly pessimistic about the Aussie, they continue to buy the US dollar. Asset managers are also buying the greenback, although net positioning among this group remains short. Leveraged […]
Traders are making increasingly bearish bets against the Australian dollar
Markets

Traders aren’t as bearish on the US dollar as they were a few months ago

The US dollar index, or DXY, has had a good run recently, adding nearly 5% since mid-February. The bounce coincides with a raft of short covering from currency traders, leaving net US dollar positioning among leveraged investors long for the first time since mid-January. With market positioning more evenly balanced, […]
Traders aren’t as bearish on the US dollar as they were a few months ago
Markets

The US dollar is looking a little overbought

The US dollar index (DXY) has rallied nearly 5% since mid-April. The speed and scale of the bounce has left the US dollar looking overbought on a commonly-used, momentum-based indicator. The last three times the USD was this overbought it heralded the start of a pullback. The US dollar has […]
The US dollar is looking a little overbought
Markets

Analysts say the greenback’s rally will run out of puff

ANZ analysts say the US dollar strength may run further but they are “mildly bearish” in the long-term. While they expect the euro and Japanese yen to strengthen, the AUD is likely to remain under pressure. Broad-based strength in the US dollar has been a key talking point in markets […]
Analysts say the greenback’s rally will run out of puff
Markets

The Australian dollar remains under pressure

The AUD/USD fell again on Wednesday, hitting the lowest level seen in 2018. Another lift in US bond yields helped to support the US dollar. All of the major market events today arrive in the second half of the session, headlined by the ECB’s April monetary policy decision. The Australian […]
The Australian dollar remains under pressure