The US dollar index, known as the DXY index, has encountered significant challenges as it falls below a crucial support level, signaling a disconnect between the market and the US Federal Reserve’s hawkish stance on monetary policy. During its recent meeting, the Federal Reserve opted to maintain interest rates at their current levels. However, they […]
Market Analysis – April 4 US 30 has experienced difficulty breaking above the resistance level of 34209.0. After the price dropped below the 34209.0 resistance level in April, the market has not been able to recover. Multiple attempts to bridge the resistance level have failed. The Buyers are ascending once again to attack the same […]
Tuesday saw a little decline in the US dollar index (DXY), but it continued to trade close to levels reached earlier this week as a result of positive US services data that raised expectations for higher interest rates than had previously been anticipated. Meanwhile, following the Reserve Bank of Australia’s (RBA) eighth-time increase in as […]
The US dollar (USD) continued its decline on Thursday following the release of the Federal Reserve’s November meeting minutes, bolstering the idea that the bank would shift gears and hike rates gradually starting at its December meeting. A 50 basis point rate increase is expected to occur next month after four consecutive 75 basis point […]
As reported earlier, investor risk appetite took a bump since Monday after the markets got rattled by restriction measures by governments globally to curb the spread of the Omicron variant, and US Senator Joe Manchin dumped President Biden’s Build Back Better fiscal spending package. Commenting on the risk-on sentiment, analysts at Brown Brothers Harriman noted […]
The DXY – dollar index fell in early Monday trading, weighed down by a surge in risky currencies, although it remains close to its three-and-a-half-month high set last week. The broader increase stays unchanged, with sustained sideways trading regarded as a plausible scenario ahead of this week’s Fed policy meeting and US GDP data. The […]
In dollars, there is a new sell-off, while the euro was lifted today by strong PMIs. But before the close of the week, it could have been swallowed up by the yen. Moderate risk aversion in Europe keeps the yen afloat. US futures are mixed at the time of writing, but appear vulnerable. As for […]
The dollar continued to rise early in the US session following the release of a much stronger-than-expected nonfarm payroll report. The yield on the 10-year bond also rose sharply and is now over 1.6 again. The dollar is currently the second strongest in a week, behind only the oil-backed Canadian dollar. Although the Swiss franc […]
The dollar is recovering early in the US session as weakening job gains from the ADP reduce stock futures. Besides, Treasury yields rebounded slightly. At the moment, the pound sterling is the strongest in the day, followed by the Canadian dollar. The New Zealand dollar tops the lower Australian currency, followed by the Swiss franc […]
