Dollar cautiously firm ahead of busy central bank week By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve’s, with traders keenly focused […]
US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE
Body: Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment continued improving this past week. On Wall Street, the Nasdaq 100, S&P 500 and Dow Jones gained 4.32%, 2.47%, and 1.81%, respectively. Across the Atlantic Ocean, the German DAX 40 gained 0.77%. Meanwhile, in the Asia-Pacific region, the Nikkei 225 and Hang […]
ForexLive European FX news wrap: Dollar steady amid tentative market mood
Headlines: Markets: JPY leads, GBP lags on the day European equities little changed; S&P 500 futures down 0.3% US 10-year yields up 5 bps to 3.551% Gold flat at $1,928.30 WTI crude up 1.5% to $82.19 Bitcoin down 0.6% to $22,927 It was another quiet session in Europe, with not much in terms of data […]
US dollar turns higher as the mood turns negative
The US dollar has turned higher and equities are back in negative territory. It’s been a choppy session and I don’t rule out some dollar demand ahead of the London fix for the latest price action. EUR 15 mins I continue to worry we will see angst ahead of the FOMC decision on Wednesday and […]
EUR/USD Consolidates Around the 1.09 Handle as the Dollar Index Remains Vulnerable
EUR/USD Price, Charts and Analysis: Recommended by Zain Vawda Download Our Updated Euro Forecast for Q1 2023 READ MORE: CAD Breaking News: BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer EUR/USD OUTLOOK EUR/USD continued its advance from yesterday holding above the 1.09 handle following the European open. The Euro gained steam against the […]
Expect A Dollar Breakout and Potentially a S&P 500 Trend Next Week with FOMC On Tap
S&P 500, US Dollar, FOMC, ECB and BOE Rate Decisions, Earnings and Growth Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The S&P 500 and Nasdaq 100 seemed to earn technical breaks in favor of a reversal of 2022’s bearish trend, but conviction was still in short supply […]
Dollar rises as market takes 4Q GDP in its stride By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar edged higher in early trade in Europe on Friday, but was still on course to end the week lower as the market consolidated around expectations of a smaller increase in interest rates from next week’s Federal Reserve meeting. The release of slightly stronger than expected fourth […]
It’s been a choppy week for the dollar, what are the key levels to watch?
If I were to describe it, I’d say that the dollar is on the brink still and that while there are some technical levels being stretched, they aren’t being broken as we look towards the central bank bonanza next week. But even before the end of the week and month-end trading early next week, it […]
US Dollar struggles to capitalize on upbeat data ahead of PCE inflation
Here is what you need to know on Friday, January 27: The US Dollar Index managed to post small daily gains on Thursday following the robust macroeconomic data releases from the US but seems to be struggling to gather further bullish momentum early Friday. The benchmark 10-year US Treasury bond yield holds steady above 3.5% […]
Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release Friday Between the progress in certain risk […]