What you need to know on Tuesday, November 30: Fears receded on Monday after panic dominated financial markets on Friday as equity markets crashed following the announcement of a new variant of covid discovered in South Africa called Omicron. However, the market reaction may have been exacerbated by weak market conditions due to the Thanksgiving […]
Tag: Index Dollar
The drop could extend to 95.50
DXY accelerates the fall and revisits 96.20. Additional losses should be contained around 95.50. The DXY (US Dollar Index) adds to Thursday’s losses and falls to the 96.20 zone, or 4-day lows, on Friday. If the selling pressure gains more traction, then the index is likely to face initial containment at the 95.50 zone (Nov […]
Forex Today – Asian Session: Powell’s Nomination for a Second Term Boosted the USD
Lo que necesita saber el martes 23 de noviembre: The US dollar is the overall winner once again, hitting new 2021 highs against the EUR and multi-month highs against other major rivals. Most of the dollar’s strength came from US President Joe Biden, who nominated Jerome Powell for a second term as chairman of the […]
USD / JPY is approaching 115.00 following the reappointment of Powell as Fed chairman
USD / JPY remained subdued in the evening session, but following the news from Powell, it gained 60 pips. On Friday, the Fed’s Waller and Clarida expressed interest in a faster reduction of bonds, in the event of accelerating inflation. The rise in US Treasury yields approached 1.60% and raised the USD / JPY pair. […]
USD / CAD rises, approaching 1.2700 following the reappointment of Jerome Powell as Fed chairman
-637731916042443888.png "USD / CAD rises, approaching 1.2700 following the reappointment of Jerome Powell as Fed chairman")
USD / CAD rallies as Jerome Powell’s renomination appears to be a continuation of the Fed’s monetary policy. The US dollar index rises to new 16-month highs, above 96.40. The absence of Canadian economic data keeps investors focused on the dynamics of the US economy. The USD / CAD starts the week on the right […]
GBP / USD remains under pressure below 1.3450 amid USD strength and Brexit concerns
GBP / USD attempts a bounce, but the firmer USD limits the rally. The EU asks the Brexit minister to stop “political positions” on the Iralnda del Norte protocol. BOE Governor Andrew Bailey downplays concerns about inflation, risk trends and Brexit. The GBP / USD has attempted a tentative recovery towards 1.3450 during the Asian […]
Downward bias remains intact, 1.1250 is likely at risk
EUR / USD is heading lower, with 1.1250 at risk amid firmer yields and a USD. A bearish RSI supports a possible move towards 1.1200. On the other hand, 1.1300 is the level to beat for the EUR bulls for any significant rally. The EUR / USD pair is seeing new selling pressure at the […]
The US dollar index maintains the offered tone near 96.00
The DXY deflates after challenging the 2021 highs beyond 96.20. US yields remain depressed, risk aversion bolsters the dollar. Clarida from the FOMC, Waller will speak later in the American session. The USD came under some pressure after challenging the 2021 highs beyond 96.20 when measured by the US dollar index (DXY). The US dollar […]
US dollar DXY index advances to daily highs above 95.80
The DXY index regains traction to the upside and surpasses the 95.80 level. US yields are rising and supporting the rise of the DXY index. Waller and Clarida from the FOMC are scheduled to speak later in the session. The US dollar DXY index, which measures the strength of the dollar against a basket of […]
AUD / USD capped below 0.7300, returns initial gains
AUD / USD still pressed below 0.7300, rumors of a RBA rate hike growing louder. The US dollar breaks a two-day downtrend amid firmer Treasury yields and cautious sentiment in the market. The AUD / USD draws attention to the Fed speeches, US inflation and concern in the Chinese real estate sector. The pair AUD/USD […]
