JDFN Financial Network

Forex Daily

Gold alert: The USD Index soars to new 2026 highs

Wednesday brought a softer-than-expected inflation report. Core PCE rose 3.0 percent from a year earlier against 3.3 percent expected, and October hike odds fell from about 70 percent earlier in the week to about 37. That is bullish news for gold.

NZDUSD: Price tests 0.5600 for the first time since November 2025

NZDUSD broke below 0.5650 on Tuesday, a level that was keenly contested by both buyers and sellers, with sellers finally able to push through the level. NZDUSD has continued to move lower, with price testing lows around 0.5600 in the session this afternoon.

Fed’s Jefferson says US economy is near maximum employment

Federal Reserve (Fed) Vice Chairman Philip Jefferson said Thursday that “inflation has resulted from a cascade of shocks” at the Darden School of Business at the University of Virginia in Charlottesville, Virginia.

Dollar Index breaks its June peak as the Euro sinks on dearer Crude Oil

The odds of an October Fed rate hike have roughly halved since Monday, and the Dollar Index has risen on every one of those days. It trades near 102.10, its highest since April 2025. The index is moving with Crude Oil and the Euro rather than with the odds for the Fed's next meeting.

US Dollar Index Price Forecast: DXY reaches fresh yearly high, but RSI turns overbought

The US Dollar Index (DXY) rally gathers pace on Thursday, climbing to a fresh year-to-date high as resilient US economic growth, a firm labour market and stubborn inflation support expectations of further monetary policy tightening by the Federal Reserve (Fed).