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  • FX Empire

    USD/JPY Forecast – US Dollar Pulls Back Against The Yen

    The US Dollar continues to see a lot of volatility against the yen, but at the same time, it is worth noting that the market is still bullish from a longer-term perspective, and this is a market that cannot be shorted at the moment in this environment.

  • FX Empire

    AUD/USD Forecast – Aussie Continues to Put Traders to Sleep

    The Aussie continues to see a lot of back and forth, and I think that might end up being the case for a while as we have no real conviction in the markets at the moment. This seems to be a reoccurring factor in most of the major pairs right

  • Investing.com

    Dollar steadies ahead of U.S. growth, inflation data

    The U.S. dollar steadied in early European trade Thursday near two-week highs, supported by rising yields and rising conviction the Federal Reserve will not cut interest rates anytime soon. A spate of stronger-than-expected economic data, hawkish comments from a number of Fed officials and a run of poorly received auctions have seen bond yields rise sharply, spurring a rush to the safest assets and boosting the dollar. Conviction is growing that the Fed will not cut interest rates any time soon, and traders are waiting for confirmation from Friday’s PCE price index data, the Fed’s preferred inflation gauge, that inflation remained sticky through April.