GBP / USD posted fresh daily gains on Tuesday at the start of the European session. Lower US Treasury yields weigh on USD demand. The British pound enjoys rising expectations of the BoE rate hike and gains fueled by optimism around Brexit. The GBP/USD it ignores the defensive move of the previous day and moves […]
Tag: Index Dollar
Forex Today – Asian Session: Risk Related Sentiment Tilts Lower
What you need to know on Tuesday, October 19: The dollar lost some ground on Monday, although it ended the day mixed across all currency markets and within familiar levels. A tight macroeconomic calendar keeps investors dependent on directional sentiment, the latter tracking US government bond yields. Speaking of which, the 10-year US Treasury yield […]
The next upside target is the 2021 high
The DXY index reverses recent weakness and rises back to the 94.20 area. A further rise is expected to revisit the yearly high at 94.56. The DXY US Dollar Index gains for the first time after three consecutive daily setbacks, including a drop to new weekly lows around 93.75 (Oct. 14). The corrective decline appears […]
Support emerged around 93.70
The DXY (US Dollar Index) seems initially contained by the weekly low around 93.75. Further consolidation is likely before further gains. The DXY (US Dollar Index) remains on the defensive, although the decline appears limited to around 93.75 so far. The DXY could attempt some consolidation before the resumption of the upside as long as […]
WTI hits new seven-year highs at $ 81.55 amid supply pressure
WTI rises to new seven-year highs above the $ 81 mark in early European trading hours. The decline in the US dollar helps crude to gain ground. Oil obtained a weekly gain of more than 3% due to the rise in gas prices. Crude oil continues to rise and is on track to rise around […]
Forex Today – Asian Session: Dollar Pressed By Weaker Yields
What you need to know on Friday, October 15: As Treasury yields remained at the lower end of the weekly range, the dollar remained weak. The 10-year US Treasury yield bottomed out at 1,507%, ending the day close. As for the dollar, it managed to post a modest intraday advance against the euro and the […]
AUD / USD is trading at recent monthly highs above 0.7400
AUD / USD breaks above 0.7400 for the first time in a month. Risk sentiment in the market has investors turning to riskier assets, pushing the AUD up. Initial jobless claims in the US fell below 300,000. The AUD It is up 0.58% and is trading at 0.7423 during the American session at the time […]
The US dollar index recovers modestly and flirts with 94.00
The DXY bounces away from lows and approaches the 94.00 barrier. US 10-year yields remain depressed at around 1.53%. Weekly US claims increased by 293,000, beating consensus. After making ground around 93.75 during the first few trades, the USD has managed to attract some buying interest and is now pushing the US Dollar Index (DXY) […]
Bowman says she would be very comfortable starting tapering, preferably in November.
Reuters reports that Federal Reserve Governor Michelle Bowman said Wednesday that would be “very comfortable” with starting to withdraw some of the US central bank’s support for the economy as early as next month, citing his concerns about inflation and asset bubbles. “I’m aware of the remaining benefits to the economy from our asset purchases […]
Forex Today – Asian Session: Falling Yields Causes a Dollar Sell-off
What you need to know on Thursday, October 14: Dollar sell-off on Wednesday was dragged lower by falling US Treasury yields.The market mood was grim for most of the day, with Asian indices closing in the red afterwards. from a mixed Chinese trade balance, which posted a surplus of $ 66.76 billion, much better than […]
