WTI risks losing $ 70 amid risk aversion led by Evergrande’s troubles in China. Expectations of higher production in the US also influence. The dollar is stronger in the market, contributing to a negative bias in oil. After having suffered a rejection around $ 73, the WTI (NYMEX futures) extended its losing streak and fell […]
Tag: Index Dollar
Yellen urges once again to raise the debt limit to avoid a ‘catastrophe’
The United States Secretary of the Treasury, Janet Yellen, renewed his lcall for Congress to raise or suspend the debt ceiling sometime in OctoberBloomberg reported, citing his editorial opinion piece in the Wall Street Journal (WSJ). Featured statements “The overwhelming consensus among economists and Treasury officials from both parties is that Failure to raise the […]
USD: FX reaction will be relatively subdued next week
The key event next week will be the FOMC meeting. MUFG Bank Analysts they believe that Fed Chairman Jerome Powell is ready to reiterate the gradual approach of phasing out QE and increasing interest rates. Featured statements “The US dollar strengthened markedly yesterday with weak risk appetite fueled by current concerns about the impact on […]
EUR / USD hits new monthly lows, focus turns to FOMC meeting next week
EUR / USD hits a three-week low at 1.2724. Market sentiment weighed on the EUR / USD as flows flew into the USD as a safe haven. The US Dollar Index rises above 93.00 despite weak data on US consumer sentiment. The EUR/USD it continues to fall for the second day in a row, trading […]
The USD will remain at the forefront in the coming months
“Due to its widespread use outside the US borders, the fundamentals of the USD are much more complex than those of any other currency,” say analysts at Rabobank. Featured statements “The heavy use of the USD as a billing currency around the world means that it continues to dominate the global payments system. According to […]
EUR / USD denies bears a free lunch on ECB optimism
EUR / USD bulls are approaching a critical level and are targeting a breakout of hourly resistance for the final sessions of the week. ECB sentiment turns aggressive, pulling the euro out of the slump on Thursday. The EUR/USD it is attempting to correct the hourly downtrend in late New York, reaching hourly resistance near […]
Dollar ignores weak inflation, concerns rise in China and cryptocurrencies rise
This is what you need to know to trade today Wednesday, September 15: Optimism over weaker-than-expected US inflation figures has given way to concerns about the United States and also about the Chinese economy. Updated figures on UK and Canadian inflation and US industrial production are of interest. Cryptocurrencies have been moving higher, while oil […]
EUR / USD bulls defend 1.18 level
EUR / USD maintains the 1.1800 level at the closing bell. The August CPI had the smallest rise since February. The EUR/USD it is trading at 1.1800 at the close of Wall Street and remains lateralized on the day within a range of 45 pips between 1.1800 and 1.1845. The dollar fell against major currencies […]
Greater consolidation is not ruled out
The DXY index extends the pessimism seen at the beginning of the week. Further consolidation is expected in the very short term. The US Dollar DXY Index continues to retrace Monday’s advance near the key 93.00 barrier and returns to the 92.50 region during Tuesday’s European session, coinciding with the 10-day SMA. In light of […]
XAU / USD failure at $ 1,800 put bears in control
Gold breaks below $ 1,800, bears are targeting $ 1,700. Yields on 10-year US Treasuries rise, supporting demand for the US dollar. Members of the Fed on the week agree on the prospects for a gradual reduction in bonds this year. The oro it is trading lower during the New York session, trading at $ […]
