Dollar

​​Gold continues to benefit from a weakening US dollar, but both WTI and natural gas are still falling.

2024-07-08T10:53:12+0100

We would like to go short the US dollar basket, as we believe the June rise to be corrective and target the 102.00 region. Our stop loss needs to be placed above the April peak at 106.20.

2024-06-19T12:58:34+0100

FX traders brace for RBA minutes, ahead of the FOMC. Oil traders eye API crude oil inventories as they wait for clarity around OPEC+ output policy.

2024-05-20T15:31:51+0100

This week IG's Chief Market Analyst, Chris Beauchamp, looks at USD/CAD, going long at C$1.3677 with a stop at C$1.36, in expectation of a move higher on US dollar strength.

2024-05-13T13:57:44+0100

As the USD index trades near a five-month high, Angeline Ong looks at if the NFP March print will cause investors to further cut their bets on a June Fed rate cut or be weak enough to prompt traders to stick to June rate cut hopes

2024-04-02T15:01:12+0100

It is a relatively quiet week ahead, starting Monday 25 March, but Australia data dominates the calendar. The recent trend has been for this to be better than economist forecasts.

2024-03-22T09:15:31+0000

IG’s Chief Market Analyst, Chris Beauchamp, looks at going long USD/CAD around C$1.3480, with a stop at C$1.3400 and a target of C$1.3650.

2024-03-11T12:30:03+0000

With a half day on Friday, as we go into the long New Year weekend, this may well be the last day for many traders. The short USD trade continues and this remains a support for a higher gold price.

2023-12-28T15:09:00+0000