The U.S. dollar remains a cornerstone of global financial stability, as the Federal Reserve’s decisions reverberate across economies. Paul Gruen, Global Chief Economist recently shared insights on the Federal Reserve’s rate policy and inflation challenges. His analysis provides a clear lens into the U.S. dollar market’s resilience and potential vulnerabilities as economic dynamics evolve. . […]
Market Analysis – December 30 The NASDAQ 100 index (NAS100) has retreated after buyers faced exhaustion at the 22,068.40 resistance level. This pullback has brought the price to a significant demand zone at 20,771.00, where it found support. Bulls are now attempting to regain momentum and resume the broader uptrend. Nasdaq 100 Key Levels To […]
This week brings four pivotal economic events that could significantly impact investment portfolios. These events may influence market sentiment and provide insights into the Federal Reserve’s future policy directions. This week, on Wednesday, October 30, the Q3 2024 GDP Growth Annualized (advance estimate) will give an early glimpse into the economy’s recent performance. Economists project […]
The U.S. dollar index, which gauges the dollar against a basket of six other major currencies, experienced its first major weekly decline in 2024. This decline follows a period of strong growth since late December. Investor enthusiasm for the dollar was fueled by expectations that the Federal Reserve would postpone its first interest rate cut […]
The dollar index, a gauge of the dollar’s strength against six major currencies, experienced a slight decline following the release of the Federal Reserve’s January meeting minutes. The minutes revealed that most Fed officials expressed concerns about the risks of lowering interest rates prematurely, indicating a preference for more evidence of inflation growth. Despite the […]
The U.S. dollar maintained its upward trajectory against the Japanese yen, breaching the 150 yen threshold for the sixth consecutive day on Tuesday. This surge comes amidst growing skepticism among investors regarding Japan’s potential interest rate hike, amid its ongoing economic challenges. Japan’s finance minister, Shunichi Suzuki, emphasized the government’s vigilant stance towards monitoring the […]
The dollar continued its downward trend on Thursday, influenced by a flurry of economic reports presenting a mixed outlook for the U.S. economy, prompting speculation of potential interest rate cuts by the Federal Reserve. The U.S. dollar index, gauging the currency against a basket of six major counterparts, slid by 0.26% to 104.44. Concurrently, the […]
Japan’s top officials have raised alarms as the yen experienced a sharp decline against the dollar, hitting its lowest level in three months and falling below 150 on Tuesday. As of the time of writing, the USD/JPY forex pair traded at 150.59, recovering mildly from yesterday’s slump. This significant drop comes in the wake of […]
The U.S. dollar soared to its highest level in three months on Monday, as the latest inflation data showed a stronger-than-expected rise in consumer prices in January. The report boosted the outlook for the Federal Reserve to keep interest rates unchanged in March, while other major central banks are expected to ease their monetary policies. […]
