EUR/USD weakens as investors await a slew of Fed speakers for fresh interest rate guidance. The Euro declines as Trump’s policies are expected to weigh on the Eurozone’s exports. This week, investors will focus on the US inflation data for October. EUR/USD posts a fresh six-month low near 1.0650 in Monday’s North American session. The major currency pair weakens as the election […]
The US Dollar may well appreciate somewhat further in the coming weeks and months once the consequences of Trump’s election victory have been fully priced in, Commerzbank’s FX analyst Ulrich Leuchtmann notes. Policy of the Trump administration likely to lag behind its announcements “However, the potential is limited. The main consequences have already been factored […]
US Dollar finds supports after NFPs
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US Dollar retreated after posting solid gains in recent weeks. Nonfarm Payrolls increased by 12,000 in October, falling short of market expectations. Markets remain almost fully pricing in a 25 bps cut by the Fed next week. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, […]
The US dollar treaded water in the upper end of the range despite US yields extending their rebound to new multi-week highs, all ahead of key US data releases and growing speculation prior to the November 5 US election. Here is what you need to know on Tuesday, October 29: The US Dollar Index (DXY) […]
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the […]
The US Dollar is on the brink of printing a fresh two-month high. Not only betting sites, but also financial markets are doubling down on a Trump win. The US Dollar Index has broken above a key resistance and is on its way to 104.00. The US Dollar (USD) extends gains on Wednesday after breaking above […]
DXY snapped a five-day winning streak and seems to be taking a breather below 103.00 Fed easing expectations have been tempered following last week’s jobs report Fed speakers are expected to reiterate a gradual approach The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, witnessed a calm […]
The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher […]
Speaking to Chicago public radio station WBEZ, Chicago Federal Reserve Bank President Austan Goolsbee warned on Thursday that if the strike continues, supply-chain disruptions could exert upward pressure on prices and negatively impact the economy. Key Quotes Dockworkers’ strike was predicted, retailers have been stockpiling and have about two weeks of supplies. After that, we […]
The US Dollar sees overnight comments from Fed Chairman Powell trigger a change in US Dollar sentiment. In the Middle East, rumours on Iran set to launch ballistic missiles into Israel triggers risk off. The US Dollar Index prints a seven-day high ahead of ISM Manufacturing PMI data. The US Dollar (USD) sees traders ignoring […]
Fed Chair Jerome Powell explicitly pushed back against a 50bp rate cut by year-end, and Israel started a ground offensive in Lebanon. In other conditions, the US Dollar (USD) would have rallied on such a combination of events, but sensitivity to Fedspeak and Middle East turmoil has been reduced, ING’s FX strategist Francesco Pesole notes. […]
Weaker Data Do This
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S&P 500 didn‘t quite reach Thursday‘s highs, and the 0.1% undershoot in core PCE aftermath was to blame. We caught it in Russell 2000 in the intraday channel as smallcaps benefited from bonds finally turning up. Communications had a good day too – Friday was simply about yields and continued piling into China names – […]
