Federal Reserve Bank of Minneapolis President Neel Kashkari is speaking and has said that the Fed moved too slowly in 2021 to deal with high inflation. He said wages are going up and there is a risk this could turn into a wage-driven inflation story. he said the Fed is focused on bringing down inflation. […]
Tag: DollarIndex
US Dollar Index (DXY) Price Analysis: Revisit 105.00 Still Possible
The US Dollar Index (DXY) reverses the previous bull run to the 106.50/55 area. Selling bias resumption could extend to 105.00. The US Dollar Index (DXY) it leaves Tuesday’s strong advance behind and triggers a downward correction shortly after reaching fresh three-day highs at 106.50 on Tuesday. Tuesday’s bounce failed to break any major upside […]
Fed: This year we will grow below trend below trend — Loretta Mester
Loretta J. Mester, President of the Federal Reserve Bank of Clevelandjoins Washington Post global economics correspondent David J. Lynch to discuss the Federal Reserve’s plan to curb inflation and concerns that it could induce a recession. Featured Statements “This year we will grow below the trend.” “We are not in a recession.” “We haven’t seen […]
Dollar Receives Safe Haven Offer as China Talks Tough on Taiwan – BBH
According to WinThin, Global Director of Currency Strategy at BBH, The US dollar receives some support from safe-haven flows on Tuesday, amid rising diplomatic tensions in the wake of US House Speaker Nancy Pelosi’s planned visit to Taiwan. In addition, it maintains its bullish outlook for the dollar in the medium term, pending the Fed […]
DXY Price Analysis: Below 105.00 comes the 55-day moving average
DXY attempts a corrective bounce after flirting with 105.00. Below is the 55-day moving average at 104.79 to the downside. The US Dollar Index (DXY) manages to reverse the initial drop to the limits of the 105.00 area on Tuesday. Despite the ongoing rebound, the index remains under pressure after breaking out of a multi-session […]
USD/JPY bears remain in control and take the pair below the key level of 132.00
USD/JPY is under pressure even though the US dollar has softened. The yen is picking up a safe haven bid as traders await key US data. At 131.95, the USD/JPY It is down 0.93% and sinking from a high of 133.55, while hitting a low of 131.59, the lowest level since mid-June. The pair is […]
Gold Forecast: XAU/USD hits 2-week high around $1,775 on weak US PMI
The price of gold advances due to the fall in US Treasury yields and the weakness of the dollar. US equities rise despite cooling manufacturing data, illustrating that the Fed’s actions are making themselves felt. Fed policymakers oppose a “moderate” tilt, based on market reaction. Gold Price Forecast (XAUUSD): If Buyers Regain $1,800, Bias Changes […]
The dollar remains under pressure at the start of the key week – BBH
Despite the recent drop, Win Thin, Global Head of Forex Strategy at BBHmaintains its medium-term bullish outlook for the US dollar and explains that the Fed remains committed to reducing inflation. Featured Statements “DXY is down for the fourth day in a row and is trading at new lows for this move, near 105.43, the […]
DXY Price Analysis: Further losses not ruled out
DXY accelerates the corrective decline to the 105.30 area. Immediately to the downside is the 55-day simple average at 104.75. The US Dollar Index (DXY) falls for the fourth consecutive session and revisits the 105.30 area earlier in the week. The index broke out of a consolidation after several sessions before the FOMC and in […]
DXY Price Analysis: There is temporary support at the 55-day average
DXY’s bearish momentum gains strength on Friday. Further losses could lead to a visit to the 55-day SMA at 104.73. The US Dollar Index (DXY) lost ground for the third consecutive session at the end of the week and retested the area below 106.00 for the first time since the beginning of July. The index […]
