What you need to know on Wednesday, December 8: Markets were more active on Tuesday, with optimism leading the way. The hope that the coronavirus-Omicron variant will be milder and not disrupt the economic recovery sent global stocks higher. However, it is too early to say how things will turn out with the new COVID-19 […]
Tag: Index Dollar
Risk appetite improves as Omicron fears decline and China stimulus
This is what you need to know to trade today Tuesday, December 7: The risk sentiment keeps improving ahead of the opening of the European session, reflected in the gains of the S&P 500 futures. Asian stock markets rebounded with China’s promise to provide supportive measures to increase economic growth. Meanwhile, China’s real estate shares […]
Forex Today – Asian Session: Yields and Stocks Advance, Mixed Dollar
What you need to know on Tuesday, December 7: The dollar ends on Monday in a mixed way, since speculative interest indicates that it has already digested the latest events. On Friday, the US released the Nonfarm Payrolls report, which showed the country added just 210,000 new jobs in November, disappointing market expectations and calling […]
Corrects from three-month highs near 1.2850
USD / CAD faces rejection once again near 1.2850 amid firmer WTI prices. The pair has room to rise further amid a bullish breakout and firmer RSI. The immediate drop could find some support in the 1.2790 price zone. USD / CAD is extending its corrective pullback from the three-month highs of 1.2846, now attacking […]
Dollar rallies on yields amid quiet start to week
This is what you need to know to trade today Monday, December 6: The market mood remains cautiously upbeat as investors weigh the implications of a faster Fed tightening in the face of encouraging news about the Covid Omicron variant. Bloomberg reported that cases of the variant have increased in South Africa, although the good […]
US Dollar Index Challenges Daily Highs Near 96.35
DXY picks up steam after November payrolls. The US economy added fewer jobs than expected last month. The dollar, in terms of the US dollar index (DXY), Gain some pace and retest the daily highs around 96.35 at the end of the week. US Dollar Index Offered Following NFP Data The index is now advancing […]
Forex Today – Asian Session: Dollar Heads Higher Ahead of NFP Report
What you need to know on Friday, December 3: The dollar picked up some momentum in the last trading session of the day on Thursday, helped by upbeat local data and higher yields on US government bonds as concerns were temporarily shelved. Wall Street posted substantial gains, although the major indices remain bearish on a […]
Forex Today – Asian Session: Financial markets take a breather ahead of US employment data.
What you need to know on Thursday, December 2: Fears cooled off on Wednesday, resulting in the major pairs holding on to familiar levels. The dollar ended the day on a mixed basis, firmer against its commodity rivals but lower against other safe-haven currencies. The cautious optimism came from the World Health Organization, as it […]
Additional losses still on the table
The DXY gives away initial earnings and is now fighting around 95.90. There is still room for another move in the mid 95.00. The bullish attempt of the US Dollar Index (DXY) seems to have found initial resistance at the 96.10 / 15 area midweek. The inability of the dollar to regain bullish traction in […]
XAU / USD rises above $ 1,800 on falling US Treasury yields.
-637738830274137412.png "XAU / USD rises above $ 1,800 on falling US Treasury yields.")
Gold is strong as yields on 10-year US Treasuries fall 10 basis points to 1.43%. Risk-off sentiment boosted the XAU / USD outlook as the Omicron variant of COVID-19 threatens to derail economic growth. XAU / USD Technical Outlook: A break above $ 1,807 would expose $ 1,815, followed by $ 1,834. El oro (XAU/USD) […]
