End to rate hikes will coincide with an end to USD gains during early 2023 – Wells Fargo
In the view of economists at Wells Fargo, end to monetary tightening should bring the US Dollar’s gains to an end by early 2023. Eventual US recession to soften the greenback “An end to rate hikes will coincide with an end to USD gains during early 2023. Indeed, we believe a peak in the trade-weighted […]
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 […]
USD: king is dead. Forecast as of 13.01.2023
2023-01-13 2023-01-13 USD: king is dead. Forecast as of 13.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ US inflation data made the market believe that the Fed would raise the rate by a quarter of a point in February and finally destroyed investors’ faith in the US dollar. Let’s discuss this topic and make up a trading plan for EURUSD. Monthly […]
The Odds of a Dovish Fed in February Increase, Putting Pressure on the USD
US equities closed in green on Thursday, while on Friday a profit taking mood prevails with US futures on the slippery slope. The dollar index holds above the 102 level, but the yen's strong gains indicate lower expectations that the Treasury-JGB rate differential will remain wide. USDJPY declined 0.75% and closely follows the rate differential:Despite […]
Intraday Market Analysis – USD continues to struggle
NZDUSD extends gains The US dollar struggles as a slowing CPI foreshadows a dovish Fed. On the daily chart, the upward bias has remained intact after the kiwi bounced off 0.6190. The price then consolidated its gains after clearing the major supply zone around 0.6400. The 38.2% Fibonacci retracement level at 0.6330 […]
Top USD Trades for the Current Forex Market
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Market Update – January 13 – CPI as advertised, USD sank!
The December CPI report came in as advertised, indeed even better than expected for the headline. Treasuries saw strong gains, while there were more moderate gains on Wall Street. Overall inflation continues to come down & Fed Harker & Bullard comments boosted expectations the FOMC will further downshift rate hikes […]
China Dec trade USD terms: Exports -9.9% y/y (expected -10.0%) Imports -7.5% (-9.8%)
Exports USD terms -9.9% y/y forecast was -11.1%, previous -8.7% Imports -7.5% y/y expected -9.8%, previous -10.6% Trade Balance USD 78bn surplus expected $76.20bn, prior $69.84bn – Yuan terms also … Exports -0.5% y/y Imports 2.2% y/y Trade Balance 550.1bn — For 2022 as a whole exports rose 4.3% and imports +10.5% ADVERTISEMENT – CONTINUE […]
Intraday Market Analysis – USD awaits catalyst
USDCHF claws back losses The Swiss franc plunged across the board after a pickup in risk sentiment. After a double top at 0.9400, a drop below 0.9260 had put the bulls in an awkward position. Last March’s lows around 0.9160 has attracted some bargain hunting. Then a close above 0.9270 revealed strong […]
Does USD leaks information? Forecast as of 12.01.2023
2023-01-12 2023-01-12 Does USD leaks information? Forecast as of 12.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The market’s reaction to the previous US inflation data suggests a leak of information or hacking of the system. Will the last month’s situation repeat itself, and how will EURUSD react to the CPI data? Let’s discuss this topic and make up a trading plan. […]