Week Ahead: Greenback's Correction can Extend.The US dollar fell through the first part of last week and lows for the year against sterling G10 currencies were set in the initial reaction to the rate cut by the FOMC. However, Chair Powell press conference and a look at the Summary of Economic Projections were not as dovish the rate cut and concerns about the deterioration of the labor market seemed to suggest.
Natural Gas News: Futures Drop Again—Forecast Signals Deeper Pullback Ahead.Natural gas futures fall for a third session as inventories climb, weather cools, and key technical levels face pressure. Bearish signs dominate today's market.
DXY Price Analysis: Short Covering Rally Eyes 50-Day Moving Average at 98.082.Dollar short-covering accelerates as Fed signals slower cuts. DXY eyes 50-day MA and 98.238 retracement zone.
Markets Weekly Outlook – PMI and PCE in the Spotlight as US Dollar Remains Sensitive to US Labor Data.A busy week that was still dominated by the highly anticipated Federal Reserve Meeting. I have to say, hats off to Fed Chair Powell who kept markets in check whether you think he is right or wrong in his decision.