Energies
Monthly Archives: January 2023
Safe Havens Demand Rises
Written on January 17, 2023 at 7:18 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar index bounced from a seven-month low of 101.77 made a day ago and traded this morning above 102.00. However, the bets on Fed’s policy change remain to pressure the greenback and treasury yields. Investors are eying the Empire State Manufacturing Index for more insight into the upcoming economicContinue Reading
Caution and Holidays are Slowing Market Momentum
Written on January 16, 2023 at 9:42 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar stabilized in early European trade, trading just above a seven-month low on rising expectations that the Federal Reserve will slow the pace of its interest-rate hikes. Declining inflation has led to expectations that the U.S. Federal Reserve is nearing the end of its rate-hike cycle and that ratesContinue Reading
U.S. Inflation Ease While Dollar Falls
Written on January 13, 2023 at 8:17 am, by Designer
U.S. Dollar Index (USDX) The dollar wobbled during the early trades as cooling U.S. inflation raised hopes of the Federal Reserve slowing the pace of interest rate hikes. The dollar index gained 0.117% at 102.280, having slipped to its lowest level since June earlier in the session. Meanwhile, Federal Reserve members expressed their ease onContinue Reading
CPI Expectations Slowdown Market Trends
Written on January 12, 2023 at 6:59 am, by Designer
U.S. Dollar Index (USDX) The dollar index and dollar Fed members stated were down nearly 0.8% this week in anticipation of the inflation data. The greenback has been on a sharp decline since late 2022, amid an increasing number of bets that U.S. inflation has peaked, and that the Fed will raise rates at aContinue Reading
Caution Traders Lean More Toward Gold
Written on January 11, 2023 at 6:29 am, by Designer
U.S. Dollar Index (USDX) The dollar index was almost flat this morning as the focus is now on the release of CPI data for December. Market participants expect to see inflation easing from the previous month. The greenback was boosted by comments from Fed members restating that interest rates could rise more than expected thisContinue Reading
Markets Embrace The Upcoming Recession
Written on January 10, 2023 at 7:06 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar weakened as market participants expect that the Fed might end its rate-hike cycle. Meanwhile, China’s reopening drove demand for riskier assets. The U.S. dollar index edged 0.04% higher to 103.21, after tumbling 0.7% and touching a seven-month low of 102.93 in the previous session. The dollar index tradesContinue Reading
The Job Market is Still Solid, and CPI Data is Due This Week
Written on January 9, 2023 at 7:42 am, by Designer
U.S. Dollar Index (USDX) The U.S. Dollar further declined this morning as markets discount the recent economic data in addition to the expectations of upcoming CPI data. Data on Friday showed U.S. nonfarm payrolls rose by 223,000 jobs in December, while a 0.3% rise in average earnings was smaller than expected and less than theContinue Reading
Markets Await the Non-Farm Payroll Today
Written on January 6, 2023 at 7:36 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar traded near a one-month high this morning after U.S. economic data showed that the labor market could keep the Federal Reserve on its aggressive rate hike path. The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43%Continue Reading
Markets had Neutral Reaction for Feds Minutes
Written on January 5, 2023 at 7:42 am, by Designer
U.S. Dollar Index (USDX) The dollar index showed a neutral reaction to the minutes released yesterday, as other readings showed that U.S. manufacturing activity contracted for a second straight month in December. Sentiment towards the dollar was dented in recent sessions by the possibility of a U.S. recession, as well as expectations of smaller near-termContinue Reading
