Energies
Monthly Archives: October 2022
U.S. Inflation Persist And The Fed Meets This Week
Written on October 31, 2022 at 10:32 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar edged higher in early European trade at the start of a pivotal week. Meanwhile, the Dollar Index traded 0.3% higher at 110.975, climbing away from last week’s one-month low of 109.53. However, the core PCE index, accelerated in September, suggesting the U.S. central bank still has work toContinue Reading
ECB Hikes 75 bp But Markets Were Not Affected
Written on October 28, 2022 at 9:20 am, by Designer
U.S. Dollar Index (USDX) The Dollar Index reached a session high of nearly 110.48, rising for the first time since October 19. The dollar rallied as the U.S. economy turned positive for the first time in 2022 with a growth of 2.6% in the third quarter, after two prior quarters in the negative. A strongerContinue Reading
The Greenback Is Weakening And Testing Major Support
Written on October 27, 2022 at 7:03 am, by Designer
U.S. Dollar Index (USDX) The dollar retreated on Thursday as market expectations mounted that the Federal Reserve would tone down its aggressive stance on interest rate hikes. Looking ahead to next week’s FOMC meeting, markets are expecting another 75-basis point hike, although sentiment is building that the Fed will opt for a smaller increase inContinue Reading
Australian inflation spikes, Oil stockpiles increase, and dollar weakens
Written on October 26, 2022 at 8:03 am, by Designer
Australia saw a large spike in inflation this year as the country rolled back most COVID-era restrictions. But the aftermath of COVID-era stimulus measures also factored heavily into rising prices. Biden announced a plan last week to sell off the rest of a record release from the nation’s emergency oil reserve by year end asContinue Reading
Fed Hikes Might Slow and the Greenback Remains Solid
Written on October 25, 2022 at 7:43 am, by Designer
The Greenback slows a bit as expectations of lower hikes are increasing while U.S. Treasury yields remained pinned near their highest levels since the 2008 financial crisis. While hopes of a potential dovish tilt by the Federal Reserve somewhat benefited gold prices last week, markets are still pricing in a nearly 100% chance of aContinue Reading
The Dollar Holds, BOJ Intervenes, and Sterling Rebounds
Written on October 24, 2022 at 9:23 am, by Designer
The U.S. dollar was steady this morning as the dollar index traded around 112 during the Asian session. Meanwhile, the sterling pound jumped to 1.14 as investors await clarity after the resignation of former Prime minister Liz Truss. On the Other hand, the Japanese yen rebounded to 147.3 amid reaching its lowest level since 1999Continue Reading
