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Forex Friday: Dollar, Yuan and Euro
In this week’s edition, we discuss the dollar, yuan and euro, and look forward to the week ahead.
Dollar index clings onto bull trend ahead of CPI
CPI is way too high for the Fed to ease off the gas.
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FOMC meeting preview: Fed expected to hike 75bps, but is the pivot imminent?
The stakes couldn’t be higher for this month’s FOMC meeting - see why!
US Dollar retreats further ahead of US CPI
Barring a very low print, today’s CPI report is unlikely to significantly impact expectations around Fed tightening.
Whilst inflation may have peaked, the ‘Nowcast’ seems less certain
We saw some strong moves overnight following signs that inflation may have peaked, but a glance at the Cleveland Fed’s Nowcast places a fly in the ointment.
US CPI recap: A turning point in the inflation debate?
If the “peak inflation” theme gathers steam in the coming weeks, we may look back at today’s inflation reading as a major turning point for the year-to-date market trends.
US CPI preview: Are we past peak inflation?
Headline inflation reading may show price pressures fading while the Fed’s preferred “core” (ex-energy and food) CPI measure shows that underlying inflation is still rising
Forex Friday: DXY and USD/CAD in focus
In this week’s edition, we discuss the dollar and its impressive rally and the Canadian dollar.
US dollar surges as US short-term yields hit 22-month highs
It’s clear that investors are more confident than ever that the Federal Reserve will seek to “normalize” monetary policy in 2022, paving the way for US dollar strength
NFP early insight: COVID waning, employees’ negotiating power waxing?
The latest data on the pandemic shows US cases declining sharply after peaking in the middle of September, suggesting that travel-sensitive industries may flip back into growth mode sooner rather than later...
USA! USA! USA! Dollar Index and S&P 500 Test Highs as Traders Pile into US Assets
Global capital is flooding into US markets as many traders return from a long holiday weekend.
Dollar Index Probing 10-Month Highs After US Retail Sales
FX traders were casting a wandering eye ahead toward a long holiday weekend this morning, but the US retail sales report pulled their attention back to their monitors.
DXY: Dollar tests key resistance ahead of NFP
The Dollar Index is trading near the top of its 6-month trading range ahead of Friday’s US jobs report.
DXY Could Face Headwinds As We Head Into April
If the US dollar index (DXY) is to follow its seasonal tendency, headwinds could cap upside potential in March before dragging it lower around April.
Weekly COTS Report - 18th March 2019
A summary of the weekly Commitment of Traders Report (COTS) from CFTC to show market positioning among large speculators.
NFP PREVIEW: DOLLAR INDEX NEAR 2018 HIGH AHEAD OF JOBS DATA
Ahead of Friday’s US non-farm payrolls report the dollar has managed to extend its recovery, thanks mainly to renewed weaknesses in foreign currencies rather than actual strength in the greenback.
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Dollar Index Bouncing off 96.00 on Testimony Bonanza Day
Today’s economic calendar is light on traditional economic data, but heavy on high-stakes testimonies with President Trump’s former attorney Michael Cohen, US Trade Representative Robert Lighthizer, and Fed Chair Jerome Powell all getting grilled by lawmakers, simultaneously. Michael Cohen’s testimony could have long-term legal ramifications for the President, but comments from the other two policymakers have more near-term significance for traders.
Dollar Index: 20-Month High Near 97.70 in Sight?
With both the US and Canada out on a bank holiday, we’re seeing a relatively quiet session in the FX market. As the chart below shows, the dollar index is falling for its third consecutive day after rally though the first seven days of the month.
DXY: What’s next for the dollar?
Despite the Federal Reserve dropping its hawkish bias, the US dollar has been quite resilient. The closely-watched Dollar Index rose for the eighth consecutive day until yesterday when it was hit by profit-taking, before rebounding again today
DXY: Dollar Could Extend Losses
If it feels like it has been a quiet-ish start to the week for FX, it is because it has. But this could be the “calm before the storm.”
US Dollar: Why 2019 Could Break Bulls’ Hearts
The pendulum of market sentiment swings ever back and forth between fear and greed, euphoria and despondency. Lately, it seems like the time it takes to shift from one to the other is about a year, at least when it comes to the world’s reserve currency.
Look ahead: Could stocks and dollar resume slide?
As we start the first full trading week of 2019 now, the dollar is finding itself under pressure and stock indices are giving back some of the sharp gains made on Friday.