The DXY index extends Tuesday’s gains and moves to weekly highs. The higher yields offset the recent upbeat sentiment in risk appetite. The release of retail sales and industrial production data stands out on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major […]
Tag: Index Dollar
Forex Today – Asian Session: Treasury Yields Boosted the Dollar
What you need to know on Friday, February 17: The dollar started the day on the wrong foot, falling against most major rivals, but changed course with the opening of Wall Street as US Treasury yields soared to new one-year highs. The 10-year yield was 1,292%, while the 30-year yield stood at 2,095%. Stocks, on […]
The increase in long-term returns so far is not worrisome
The coronavirus is the engine of the United States economy right now, the president of the Federal Reserve Bank of Kansas City, Esther George, as reported by Reuters. Additional statements “The outlook is quite optimistic for the second half of the year; the risks include the logistics around the vaccination program.” “Fiscal policy will remain […]
Longer-term risks involve population reorganization outside city centers – Esther George
The President of the Federal Reserve Bank of Kansas City, Esther Georgesaid Tuesday that changes in housing and office patterns in the wake of the pandemic could create stress in real estate markets, as reported by Reuters. Featured Comments: “Until now, federal programs have kept tensions on housing financing contained, but that could change as […]
US Dollar Index Turns Positive Above 90.50
DXY reverses the initial drop and recovers the 90.50 level. The Empire State Index of the United States surprised to the upside in February. Rising yields helped the dollar rally on Tuesday. The US Dollar Index (DXY), which measures the dollar against a package of its main competitors, now recovers the positive terrain and retakes […]
Bullard says there is no reason to anticipate adjustment
St. Louis Fed Chairman James Bullard said on CNBC Tuesday that the American economy could emerge from the pandemic by roaring and has added that there is no reason to “get ahead” of the setting, as Reuters reports. Key Comments: “Minimum wage benefits will go to middle class families with children“. “I would like the […]
Bullard says they are in good shape with inflation right now
In an interview on CNBC Tuesday, the president of the St. Louis Fed, James Bullard, has said that he believes inflation will rise this year, as reported by Reuters. Additional comments: “We are in good shape with inflation right now.” “The Fed will look at inflation“. “The most important thing in stocks is technology companies […]
Shaping up for another visit at 90.00
The DXY index resumes the decline and challenges the 90.20 / 15 region. A breakout of this region exposes the 90.00 level ahead of 89.20. The DXY index puts the 2020-2021 support line under increased pressure and is moving to weekly lows around 90.20 / 15. Psychological support at 90.00 appears below this region, while […]
A breakout of 90.00 should lead to further losses
The DXY index returns to the decline and flirts once again with the 90.30 area. A breakout of this level exposes the 90.00 region ahead of 89.20. The DXY index starts the week with a soft tone and returns to the 90.30 zone, where the recent support area is located, reinforced at the same time […]
The bulls prepare for a sustained move above 0.7800
AUD / USD celebrates the arrival of the Covid vaccine in Australia and the strength of the Yuan. The US dollar remains weak overall amid sentiment for risk appetite. A low volume day due to a holiday could contribute to the bullish momentum. After a brief consolidation stage at the start of the Asian session, […]
