GBP / USD remains at four-day highs as the US dollar loses ground. The appetite for risk overshadows the disappointing Brexit developments. The focus of attention remains on Covid statistics amid a light economic calendar. The GBP / USD looks to extend its bullish momentum above the 1.3200 level at the start of the European […]
Tag: Index Dollar
0.7300 level is still a tough nut to crack before Lowe
AUD / USD faces rejection once again around the 0.7300 level. The USD remains weaker amid appetite for risk, which underpins the Australian dollar. The problems between Australia and China limit the gains of the pair before the speech of Lowe, governor of the RBA. The AUD/USD consolidate your two-day climb around the 0.7300 level, […]
The dollar falls on optimism with the vaccine, the US horizon clears, focus on Brexit
This is what you need to know to trade today Monday, November 16: The market mood is optimistic on news of Moderna’s vaccine, and the United States appears to be making progress since the election. A broad Asian trade deal and upbeat Chinese data are also driving the moment. The Brexit talks are reaching another […]
The dollar is expected to remain weak
Heng Koon How, CAIA, Head of Markets Strategy and UOB Group Senior Forex Strategist Peter Chia expect that the dollar outlook remains negative for the moment. Key Comments: “Our base scenario is still that the US dollar will gradually weaken and that many of the predominant drivers of the weak US dollar they haven’t changed […]
New York Fed Nowcast GDP was unchanged at 2.86% for the fourth quarter after this week’s data.
The US economy is expected to expand 2.86% in the fourth quarter, the latest Report showed on Friday Nowcasting from the Federal Reserve Bank of New York. “A positive impact from the JOLTS data was offset by the negative surprises from the CPI data, leaving the immediate forecast practically unchanged,” the New York Fed explained […]
The economy won’t go back to where it was
Philadelphia Fed President Patrick Harker He said on Friday that the US economy was very strong before the pandemic hit, noting that it “will not go back to where it was,” as Reuters reported. “The pandemic has exacerbated trends in the economy, including inequality and automation,” Harker added. “It will be important to train workers […]
Financial stability is not a key concern in the midst of a pandemic
The Federal Reserve’s current pace of asset purchases has been effective and monetary policy is in a very good place, the Federal Reserve said on Friday. Chairman of the St. Louis Federal Reserve, James Bullard, as reported by Reuters. Additional conclusions “Even if the Fed’s emergency programs are closed at the end of the year, […]
The drop could retest the 92.50 region
The DXY index extends Thursday’s losses below the key level of 93.00. The 92.50 region now appears as potential short-term support. The DXY index continues to correct lower after the recovery of the first half of the week faltered at the 93.30 region (November 11). That said, a deeper pullback could point to the next […]
It’s too early to assess the implications of vaccine news for the economy
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, delivers a speech at the European Central Bank Forum on Central Banking. Key statements “The recovery in the United States has been faster than expected.” “The main risk we see is a further spread of the disease.” “The economy continues on a […]
US Dollar Index DXY Falls Below 93.00 Level After Data, Focus Shifts To Powell
The DXY index falls below the 93.00 level after the US CPI data. Both headline and core CPI were unchanged month-on-month in October. Initial US jobless claims increased by 709,000 for the week, improving expectations. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, is moving […]
