USD/JPY keeps the red below 130.00, eyes US PCE Price Index for fresh impetus
USD/JPY meets with a fresh supply on Friday and is pressured by a combination of factors. Strong Tokyo inflation fuels speculations about a hawkish shift by the BoJ and lifts the JPY. The emergence of fresh USD selling contributes to the intraday slide ahead of the US PCE. The USD/JPY pair comes under some renewed […]
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 […]
The IndeX Files 24-01-2023
Equities Bulls Competing With Hawkish Central Bank CommentsWe’ve seen a mixed start to the week for global equities benchmarks. Against a backdrop of ongoing weakness in the Dollar, most indices were seen trading higher yesterday though gains have since been tempered across the European open on Tuesday. Indeed, the FTSE is seeing decent selling pressure […]
NASDAQ index moves back above its 100 day moving average
NASDAQ is moving back above its 100 day moving average The NASDAQ index is leading the way to the upside today with a 153.47 point rise or 1.41% at 11005. The high price has reached 11018.02. Looking at the daily chart, the falling 100 day moving average comes in at 11000.95. With the price back […]
Dow Jones Trading: How to Trade The Dow Jones Index
2023.01.20 2023.01.20 Dow Jones Trading Artem Shashkovhttps://www.litefinance.org/blog/authors/artem-shashkov/ Dow Jones Industrial Average (DJIA) is an index that represents a collective image of American businesses with a large capitalization. Investing in it seems secure due to its long historical growth – all the participating companies have had the status of the most successful enterprises at one time. […]
The IndeX Files 17-01-2023
Equities Hold Onto Early 2023 GainsA mixed start for equities markets on Tuesday on the back of the latest Chinese economic data seen overnight. Q4 China GDP was seen slowing to 2.9%, well below the Chinese government’s 5.5% target. However, the result was above the market’s 1.6% consensus forecast and shows that while activity slowed […]
German ZEW Economic Sentiment Index rebounds to 16.9 in January vs. -15.5 expected
Economic sentiment in Germany and the Eurozone unexpectedly turned positive in January. EUR/USD remains unimpressed by the upbeat ZEW surveys, keeping its range around 1.0815. The German ZEW headline numbers showed that the Economic Sentiment Index returned to positive territory, arriving at 16.9 in January from -23.3 in December, beating the market expectation of -15.5. […]
USD Index accelerates the rebound well north of 102.00
The index reverses part of the recent acute sell-off. US yields remain directionless across the curve on Friday. Flash Michigan Consumer Sentiment will be next on tap. The greenback’s recovery picks up extra pace and revisits the 102.65/70 band when gauged by the USD Index (DXY) on Friday. USD Index meets contention around 102.00 Following […]
UoM Consumer Confidence Index improves to 64.6 in January vs. 60.5 expected
Consumer confidence in the US continued to rise in early January. US Dollar Index holds in daily range above 102.00 after the data. Consumer sentiment improved in the US in early January with the University of Michigan’s (UoM) Consumer Confidence Index rising to 64.6 from 59.7 in December. This reading came in better than the […]
New Zealand commodity price index for December -0.1% m/m (prior -3.9%)
ANZ World Commodity Price Index data. Down 0.1% m/m in December vs. down 3.9% in November In NZD terms down 3.8% (NZD rose 2.1% against its Trade Weighted Index) — In y/y terms down 11.4% in December November was down 11.5% y/y — As part of its report ANZ look at global shipping rates, which […]