Dallas Federal Reserve Chairman Robert Kaplan said Monday that it expects the unemployment rate to return to pre-pandemic levels, below 4%, in 2022, as reported Reuters. Additional statements “Slow improvement in mobility until June, with travel as a question mark; a revival is expected in the second half.” “See that the Fed will have to […]
Tag: Index Dollar
Slow recovery will come at a fiscal cost – Janet Yellen
The United States Secretary of the Treasury, Janet Yellen, said on Monday that the fiscal stimulus should guarantee people’s lives and that livelihoods are not permanently affected by the pandemic, Reuters reported. “The success of the stimulus would mean returning to pre-pandemic unemployment levels, restoring jobs in the service sector,” Yellen said. He added that […]
DXY Price Analysis: Bearish Bias Persists
The DXY flirts with recent lows in the 90.20 region. There is scope for a probable visit to the 90.00 level. The US Dollar Index (DXY) extends bearish leg and revisits the area of ​​recent lows in the vicinity of 90.20 on Monday. Below this area, psychological support emerges at 90.00, which in turn is […]
US dollar index jumps to daily highs around 90.50
The DXY index reverses the recent drop and retests the 90.50 region. US 10-year yields are approaching the key 1.40% level. The Chicago Fed Index, the Dallas Fed Index, and a Fed Speech feature prominently on today’s US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket […]
The US economy is still in a deep well
The rise in the 10-year Treasury yield is a response to fiscal support and coronavirus vaccines, the president of the US said on Friday. New York Federal Reserve John Williams told CNBC, Reuters reported. Additional statements “Rising yields are not a cause for concern.” “The US economy is still in a deep hole.” “Right now, […]
The economy could face a tough road in the coming months
Boston Federal Reserve Chairman Eric Rosengren said on Friday that the U.S. economy could face a tough road in the coming months, as reported Reuters. Key statements “Monetary policy is quite accommodative.” “Both the monetary and fiscal policy responses have been quite appropriate, given the severity of the economic crisis.” “Fed lawmakers hope to keep […]
Individual vacillation hesitation is a potential barrier to herd immunity – Thomas Barkin
The Individual hesitancy to receive a coronavirus vaccine is a potential barrier to herd immunityBut the economy may not require it, Richmond Federal Reserve Chairman said Friday, Thomas Barkin, as reported by Reuters. “Warmer weather and the spread of immunity will mean fewer restrictions for consumers and businesses,” Barkin added. “Inflation is not in the […]
The move to 90.00 seems to accelerate
The DXY index corrects lower from the weekly highs just above the 91.00 level. The 90.00 region is expected to support sellers in the short term. After hitting weekly highs above the 91.00 level, the dollar is now facing increasing selling pressure and dragging the DXY index into the 90.30 region. Below this area is […]
XAU / USD rally meets resistance at the 21-hour SMA and targets the $ 1,760 level again
Gold’s 1 hour chart suggests the recovery is fading. The rise in Treasury yields outweighs the decline in the US dollar. The RSI has turned back down below the midline. Gold (XAU / USD) is losing its recovery momentum from the European session, as renewed strength in US Treasury yields negates support from the falling […]
US Dollar DXY Index Extends Fall Near 90.30 Level
The DXY index continues to lose ground and revisits the 90.30 region. US 10-year benchmark yields revert to 1.30%. The release of preliminary US PMIs, housing data and several speeches from the Fed stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of […]
