DXY is trading at 3-day lows near 92.30 on Friday. There is still room to exceed 93.00 and more. The DXY (US Dollar Index) it adds to Thursday’s losses and extends the stretch down to near 92.30 at the end of the week. Despite the ongoing correction, the resumption of the previous upward trend is […]
Tag: Index Dollar
Reduction that is not reduction and plummeting yields lead the way
What you need to know on Friday, September 10: The dollar fell along with US government bond yields. The 10-year Treasury yield fell to 1,287%, passing the critical level of 1.30% after a disappointing 30-year yield auction. The United States auctioned 30-year bonds at 1.91%, down from 2.04% previously. As yields stabilized near daily lows […]
The central bank may begin its reduction of stimuli later this year – Raphael Bostic
The Atlanta Fed President Raphael Bostic, does not expect a call for reduction at the FOMC meeting this month, but believes that the The US central bank may begin to adjust its stimuli later this year, the Wall Street Journal (WSJ) reported Thursday. Featured statements “Recent data asks for more time before making a decision.” […]
Stronger dollar ahead of ECB stimulus reduction expectations
This is what you need to know to trade today Thursday 9 September: The US dollar remains higher as market sentiment continues to be buffeted by growing concern over a slowdown in the economic recovery, especially after the Fed’s Beige Book signaled a “downward shift” in the economy. The rapid spread of the Delta variant […]
Forex Today – Asian Session: Central Bankers Facing The Downsizing Challenge
What you need to know on Thursday, September 9: The dollar remained strong during the first half of the day, and demand for the dollar declined after the opening of Wall Street. However, it ended the day with gains against most of the main rivals. The United States published the Beige Book, which showed that […]
DXY Extends Weekly Gains, Targeting 93.00
-637667165292001302.png "DXY Extends Weekly Gains, Targeting 93.00")
The US Dollar Index extends its weekly gains, up 1%. Rising US bond yields support the recent trend in the dollar. A break above the 4-hour 200 SMA could push the DXY towards 93.00. The US Dollar Index, which measures the performance of the dollar against six major currencies, is recovering for the third day […]
Dollar remains high amid COVID concerns, Bitcoin stabilizes
This is what you need to know to trade today Wednesday September 8th: The mood remains tepid amid mostly lower Asian markets as they followed yesterday’s lackluster performance on Wall Street. Cases of the Delta variant of covid in the United States and possible restrictions reignited economic concern, souring investor sentiment while boosting the safe-haven […]
Central bank should go ahead with plan to reduce huge pandemic stimulus – Bullard
The US central bank “should go ahead with a plan to reduce its huge pandemic stimuli”Said the president of the Fed of Sant Louis, James Bullard, in an interview with the Financial Times on Wednesday. Featured statements “There is a lot of demand for workers and there are more job offers than unemployed workers.” “If […]
Forex Today – Asian session: The dollar recovers its short-term position
What you need to know on Wednesday, September 8: The US dollar advanced against all of its main rivals. The EUR was the strongest, as it lost a modest 40 pips. Commodity currencies and safe-haven CHF and JPY lost the most ground against the dollar. GBP / USD also fell back but is trading a […]
Dollar regains ground with rising yields, risk appetite mood
This is what you need to know to trade today Tuesday, September 7: The risk appetite extends for the second day in a row this Tuesday, while most of the Asian stock markets are recovering, awaiting the decision of the ECB and the monetary policy of the BOC. Meanwhile, a likely delay in the Fed’s […]
