A 10% drop in US crude production propels WTI to new yearly highs. Reflation trading boosts US Treasury yields. OPEC + is considering a slight increase in production, which limits the advance in WTI prices. The WTI (futures on NYMEX) has retraced near the $ 63.20 region after hitting new 13-month highs at $ 63.78 […]
Tag: Index Dollar
AUD / USD rises above critical 0.8000 level on new three-year highs
AUD / USD rides on the wave of reflation trading. The pair reaches the highest level since February 2018. The rise in the commodity complex benefits the Australian dollar. Buying interest around the pair AUD/USD has not declined, while the bulls rise above the critical hurdle of 0.8000 for the first time since February 2018. […]
US Dollar DXY Index Remains Under Pressure Near 90.00 Ahead of Data
The DXY Index briefly tests weekly lows below the 90.00 level. President Powell reiterated the Fed’s ultra-flexible stance. Fourth-quarter GDP figures, durable goods orders and US jobless claims stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains under heavy […]
The outlook for the economy has improved, downside risk has diminished – Richard Clarida
“The outlook for the economy in 2021 and beyond has improved and the downside risk to the outlook has diminished,” said the Vice Chairman of the Federal Reserve, Richard Clarida, in statements prepared for delivery to the US Chamber of Commerce on Wednesday. Key statements summarized by Reuters “COVID-19 infections in the United States, the […]
Looks neutral / bearish in the short term
The DXY index extends the consolidation move around 90.00. Below this level are the 2021 lows at 89.20. The DXY index maintains range movement in the 90.00 region, always supported by the key 2020-2021 support line (close to 89.80). While further consolidation around this region is not ruled out, psychological support at the 90.00 level […]
DXY US Dollar Index Flirts With 90.00 Level Before Powell
The DXY index remains under slight bearish pressure near 90.00. President Powell reiterated the Fed’s ultra-accommodative stance. Powell’s second testimony, several Fed speeches, and US housing data stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves slightly by negative […]
The House will vote on the $ 1.9 trillion stimulus bill on Friday at 14:00 GMT
Steny Hoyer, Majority Leader of the US House of Representatives, has confirmed in a tweet that The House will vote on President Joe Biden’s $ 1.9 trillion coronavirus stimulus bill this Friday at 14:00 GMT. Hoyer tweeted: “The House will vote Friday on @POTUS #AmericanRescuePlan to end this pandemic and provide urgently needed relief to […]
Forex Today – Asian Session: Powell further pushed the dollar
What you need to know on Wednesday, February 24: The US dollar maintains its bitter tone in the currency market, but ended the day unevenly. It appreciated against the CHF, JPY and EUR, but fell against GBP, AUD and CAD, which reached new yearly highs against the dollar. Wall Street fell at the open amid […]
US Dollar Index DXY Struggles to Find Direction Around 90.00 Level, Focus Is on Fed and Data
The DXY index consolidates the recent drop and hovers around the 90.00 region. The dollar has decoupled from the performance of yields in recent hours. Housing data, Powell’s testimony, and CB consumer confidence stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of […]
Forex Today – Asian Session: Dollar Accelerates Fall As Optimism Moves
What you need to know on Tuesday, February 23: The US dollar fell against all of its major rivals amid renewed market optimism. The dollar balanced between gains and losses alongside Treasury yields, which hit new highs to date, falling sharply during US business hours. The British pound received a boost from British Prime Minister […]
