What you need to know on Friday, February 19: The dollar lost momentum as demand receded. European currencies benefited the most with EUR / USD peaking around 1.2090 and GBP / USD rising to a new multi-month high of 1.3985. Commodity-linked currencies made modest gains against their US rival. Yields on US Treasuries fell. Worse-than-expected […]
Tag: Index Dollar
US Dollar Index Loses Momentum Near 90.50
DXY now accelerates the decline to the 90.50 area. Initial US claims disappointed estimates at 861,000 weekly. The Philadelphia Fed index surprised higher at 23.1. The dollar, in terms of the US dollar index (DXY), further loses control and falls to session lows near 90.50, where the 100/200 hourly SMAs also coincide. Weaker US dollar […]
WTI Corrects From 13-Week Highs While Holding Above $ 61.00 Level Amid Texas Freeze
WTI cuts gains to test $ 61.00 level ahead of US EIA data. Oil remains supported by falling production due to deep freeze in Texas. The weakness of the US dollar also keeps the WTI bulls hopeful. The WTI (NYMEX crude futures) is at a Corrective decline from new 13-month highs of $ 62.27, apparently […]
US dollar DXY index retreats from highs near 91.00 level
The DXY index returns some gains and falls below the 91.00 level. The yield on the 10-year US bond stabilizes around 1.28%. Weekly initial jobless claims, housing data, and Fed speeches feature prominently on today’s economic calendar. The bullish momentum around the dollar deflates a bit and causes the US dollar DXY index, which measures […]
Forex Today – Asian Session: Dollar Keeps Rising, Gold Slumps
What you need to know on Thursday, February 18: Demand for the dollar persisted, supported by rising US Treasury yields as long-term government bond yields hit new one-year highs. Upbeat US retail sales, likely as a result of stimulus controls, further supported the US currency. The FOMC released the Minutes from its last meeting, which […]
Firmer inflation is welcome if it is consistent with stronger GDP
Dallas Federal Reserve Chairman Robert Kaplan said on Wednesday it would welcome firmer inflation as it is consistent with economic growth, but noted that they should monitor prices carefully, as reported. Reuters. Additional statements “How much of a firmer inflation is temporary or persistent will be analyzed.” “Greater US fiscal stimulus, other things being equal, […]
The pace of recovery in activity and employment has moderated in recent months
The Minutes of the FOMC meeting January 26-27 revealed Wednesday that policy makers said the pace of recovery in economic activity and employment had moderated in recent months. Featured statements – Reuters “Some members of the FOMC pointed out that economic conditions are currently far from the longer-term goals, they must remain accommodative until they […]
US Dollar Index Jumps to Weekly Highs Above 91.00
The DXY rises above 91.00. US retail sales beat consensus in January. The FOMC Minutes will be published later in the session. Buying pressure around the dollar accelerates further and raises the US Dollar Index (DXY) to new highs above 91.00. US Dollar Index at Multi-Day Highs The index is navigating the area of ​​multi-day […]
Barkin says the rise in retail sales in January was likely helped by stimulus
The sharp rise in US retail sales in January was likely helped by fiscal stimulusRichmond Federal Reserve Chairman Thomas Barkin said Wednesday, Reuters reported. Additional comments: “Optimistic for 2021but the recent tax package offers help. “ “The vaccinated population will have a lot of repressed demand from the middle of the year “. “Seeing a […]
DXY Price Analysis: Sell the bounces towards 91.00?
After testing the 2020-2021 support line at the 90.30 / 40 area, the US Dollar Index (DXY) embarked on a bullish move and now. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and […]
