Today’s surprise data put paid to the dollar’s fall, with retail sales up 1% vs 0.3% expected – the biggest increase since January 2023.

Since 2019, FxScouts has been India's favourite Forex education and Forex broker review site. Find out why you can trust us.

FxScouts was founded to promote trust and transparency in the Forex trading industry. We use affiliate links to fund our site and maintain our high standards.

As we head into the end of the week, Monday's panic seems like a bad dream. But, markets are nervous and expect more volatility over the coming months.

Given the high probability of a US rate cut and the uncertainty in the EU, the price of the EUR/USD will remain dependant on EU data, rather than US events.

With interest rates now likely to fall at least twice this year - and Biden’s bid for a second term looking weak - gold prices are likely to remain elevated.

The USD nosedived, and the chances of the Federal Reserve cutting interest rates in September increase as data shows a further fall in inflation