United States Kansas Fed Manufacturing Activity declined to -11 in June from previous -1

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]

US Dollar off intraday high after monthly US New Home Sales sink over 11%

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The US Dollar trades firmly in the green against nearly all major peers.  A light data calendar is ahead as markets digest hawkish Fed comments.  The US Dollar index breaks through 106.00 and heads higher The US Dollar (USD) is outmatching other currencies on Wednesday for the second day in a row with some help from […]

Oil eases with Congo exports soaring, risk for more African countries to go rogue on OPEC

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Oil prices fade on profit taking after Monday’s rally.  Traders see some more supply issued in the markets by the Republic of Congo.  The US Dollar Index trades above 105.50, with European equities triggering a risk-off market mood.  Oil prices are facing profit taking after headlines from Bloomberg that reported that the Republic of Congo […]

US Dollar locks in weekly gain with markets ignoring disinflationary data for this week

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The US Dollar trades comfortably in the green while the Japanese Yen and the Euro weaken.  The BoJ said it is set to ease its bond-buying program in a very slow grind, while European sovereign bond yields increase due to political uncertainty in France..  The US Dollar index trades above 105.50 and could head towards […]

US Dollar rallies ahead of US data with markets digesting the Fed’s obscure communication as hawkish

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The US Dollar trades higher, with markets starting to label the Fed meeting as hawkish.  Powell kept his cards close to his chest, not committing to any path for interest rates.  The US Dollar index ticks up in that 30-day range between 104.00 and 105.50. The US Dollar (USD) trades overall in the green against […]

US Dollar banks on Euro weakness with Europe’s political landscape in ruins

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The US Dollar adds to Monday’s gains and sprints higher on negative European news. The Greenback jumps after rumors President Macron was considering to resign.  The US Dollar index trades just above 105.00 and flirts with nearby support levels. The US Dollar (USD) trades further up in the green, above 105.40 on Tuesday, and looks […]

United States Baker Hughes US Oil Rig Count down to 492 from previous 496

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]

US ISM Services PMI rises to 53.8 in May vs. 50.8 expected

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US ISM Services PMI rose more than expected in May. US Dollar Index edges higher toward 104.50 after the data. Business activity in the US service sector expanded in May, with the ISM Services PMI recovering to 53.8 from 49.4 in April. This reading came in above the market expectation of 50.8.  Other details of […]

Oil maintains bearish outlook despite OPEC+ decision to extend output cuts

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Oil steadies near $77.00, looking for direction after Sunday’s OPEC+ meeting.  OPEC+ meeting sets the tone for more downside after the summer season despite the decision to extend production cuts.  The US Dollar Index trades at mid-104.00 levels and is facing a heavy week full of economic data. Oil prices trade broadly steady on Monday, […]

US Dollar gives up Wednesday’s gains after soft US GDP print and Pending Home Sales turning blood red

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The US Dollar eases back to earlier levels for this week. Markets are seeing US equities trying to stage turnaround and head back into Risk On. The US Dollar retreats further below 105.00, heading to 104.50 again.  The US Dollar (USD) is fully retreating from its peak performance on Wednesday. All gains that got booked […]

US Dollar pares losses as Fed’s Kashkari spooks markets with rate hike possibility

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The US Dollar recovers and nearly erases all losses for this Tuesday. Fed’s Kashkari surprises markets with hints of a rate hike.  The US Dollar Index heads back to 104.50. The US Dollar (USD) bounces on Tuesday after the US opening bell with help from Federal Reserve Bank of Minneapolis President Neel Kashkari. Fed’s Kashkari floated […]