This is what you need to know to trade today monday september 5: The US dollar index DXY maintains its upward momentum after gaining 0.7% last week and has reached its highest level in two decades above 110.00 early on Monday. Market caution helps the dollar continue to outperform its rivals as investors wait investor […]
Tag: macroeconomics
Forex Today: The dollar consolidates its gains, focus on the employment report for August from the US.
This is what you need to know to trade today friday september 2: Buoyed by encouraging macroeconomic data releases in the US, the Dollar Index (DXY) reached its highest level in almost two decades on Thursday, around 110.00. With investors stepping back in anticipation of the US August jobs report, DXY consolidates gains near 109.50. […]
NZD/USD retests all-time lows around 0.6060 after positive US economic data.
NZD/USD stumbles below 0.6100 on risk aversion after positive US data. The odds of the Fed raising by 75 basis points have risen to 91%, STIR money market futures show. Trade data from New Zealand and the US Non-Farm Payrolls report is next on the economic calendar. The NZD/USD falls to multi-week lows around 0.6060 […]
AUD/USD falls below 0.6800 ahead of US NFPs.
AUD/USD is still trading in the red, currently down 1.90%. Global factory activity slowed, with the exception of the US, which remains in expansion territory. AUD/USD: Could form an inverse head and shoulders if buyers keep prices above 0.6881; otherwise 0.6402 is the next target. On Thursday, the AUD/USD fell to seven-week lows amid a […]
US: Unit labor costs rise 10.2% in the second quarter vs. 10.7% expected
Unit labor costs rose at a softer-than-expected pace in the second quarter. The US Dollar Index remains in positive territory above 109.00. Unit labor costs in the non-farm business sector increased 10.2% in the second quarter of 2022, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading was lower than the market […]
Forex Today: The dollar begins September with a firm step
This is what you need to know to operate the Thursday September 1: Following Wednesday’s volatility amid month-end flows, the dollar gained strength early on Thursday with the Dollar Index breaking above the 109.00 zone. Although the dollar lost some interest after US data showed private sector employment grew at a much softer-than-expected pace in […]
AUD/USD hovers around 0.6850 below daily high around 0.6900
AUD/USD remains positive, although far from daily highs. Fed Mester: Expect the Fed Funds Rate (FFR) to end at around 4% in 2023. Mixed US economic data, a tailwind for AUD/USD. The AUD/USD it is almost lateralized, although far from the highs of the day after reaching a daily high above the 0.6900 mark. Factors […]
Forex Today: Spotlight on European Inflation Data and US ADP Report.
This is what you need to know to trade today Wednesday, August 31: Markets remain relatively subdued midweek as investors await euro zone inflation data. In the second half of the day, the new ADP employment report for the private sector will be the protagonist of the US economic docket. In early morning Europe, US […]
US: House price index up 0.1% in June, vs. 1.1% expected
US house prices rose at a softer-than-expected pace in June. The Cholar Index remains down in the American session. Monthly data released by the US Federal Housing Finance Agency on Tuesday showed that the house price index rose 0.1% on a monthly basis in June. This data follows the increase of 1.3% in May and […]
Forex Today: Markets Quiet Ahead of Key Data Release
This is what you need to know to trade today tuesday august 30: Following Monday’s choppy session, markets appear to have calmed down on Tuesday with the Dollar Index (DXY) continuing to move sideways below 109.00 in European morning. US stock index futures are up 0.2%-0.4%, pointing to an improving mood in the markets. The […]