Economic calendar for the week 30.01.2023 – 05.02.2023
2023.01.30 2023.01.30 Economic calendar for the week 30.01.2023 – 05.02.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (30.01.2023 – 05.02.2023) Thanks to the strengthening on Thursday and Friday, the dollar managed to end the week in positive territory with its DXY index demonstrating a modest […]
PCE Price Index Declines Adding Further Pressure on the DXY
US Core PCE Key Points: Core PCE Price Index YoY (DEC) Actual 4.4% Vs 4.7% Previous. PCE Price Index YoY (DEC) Actual 5% Vs 5.5% Previous. The Probability of a Fed Funds Peak Rate Above 5% for 2023 Continues to Decline. Recommended by Zain Vawda Get Your Free USD Forecast The CPI and Forex: How […]
Dollar Index (DXY) Pops on U.S. PMI Beat
U.S. DOLLAR ANALYSIS & TALKING POINTS PMI data surpasses estimates across the board. Will we see a complete descending triangle break? Recommended by Warren Venketas Get Your Free USD Forecast Get My Guide USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team […]
Oil pulls back from recent gains, but traders remain optimistic on China demand
Oil futures edged lower on Tuesday, easing back after recent gains but underpinned by continued optimism over the demand outlook from China after the country dropped COVID restrictions. Natural-gas futures moved lower after posting a gain of more than 6% a day earlier on forecasts for colder U.S. weather. Price action West Texas Intermediate crude […]
Economic calendar for the week 23.01.2023 – 29.01.2023
2023.01.23 2023.01.23 Economic calendar for the week 23.01.2023 – 29.01.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (23.01.2023 – 29.01.2023) Thanks to Friday’s momentum, the dollar ended the week in positive territory with the DXY index up about 0.4%. Interestingly, the dollar strengthened at the […]
Gold ticks higher, heading for 5th straight weekly advance
Gold ticked higher early Friday, with the yellow metal on track for a fifth straight weekly gain as investors monitor falling bond yields and fears of an economic downturn.Price action Gold for February delivery GC00, +0.10% GCG23, +0.10% rose $6, or 0.3%, to $1,930 an ounce on Comex, on track for a weekly rise of […]
Economic calendar for the week 16.01.2023 – 22.01.2023
2023.01.17 2023.01.17 Economic calendar for the week 16.01.2023 – 22.01.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (16.01.2023 – 22.01.2023) Despite Friday’s correction, the dollar ended the week in negative territory, with its DXY index losing more than 1.5% and ending up even closer to […]
Morgan Stanley cuts U.S. dollar forecasts lower
The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY dollar index DXY, +0.20% ending the year at 98, from a previous forecast of 104. They see the euro EURUSD, -0.19% climbing to $1.15, vs. a […]
As U.S. dollar stumbles, Japanese yen is ‘hottest story in town’. Here’s why.
It’s the comeback currency. The Japanese yen, among the world’s worst-performing major currencies in 2022, roared back to a seven-month high versus a now-reeling U.S. dollar on Friday, as traders bet the Bank of Japan will finally join other major central banks in tightening monetary policy. A December reading Thursday on U.S. inflation that was […]
Investors are ‘desperate’ for a recession that forces the Fed to pivot but what happens to markets if the economy remains healthy this year ?
As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months show that inflation has moderated, […]