Tag: US Dollar

February 7, 2022

Crude oil prices have seemingly paid little heed to macro forces recently. Instead, the focus has been on a supply/demand imbalance that saw global output fall short of consumption by an average of 1.4 million barrels per day last year. […]

February 2, 2022

Gold prices are working on their third consecutive day higher as a spat of weaker US economic data has undercut US Treasury yields, and in turn, the US Dollar (via the DXY Index). Markets are quickly shifting into a ‘bad […]

January 31, 2022

GDP largely in line with consensus, albeit a slight miss on the yearly rate. A muted reaction for the Euro, given that much of the focus this week will be on the ECB meeting and whether they will provide their […]

January 25, 2022

Grappling with a rapid pickup in inflation and speculating on the likely response to it by global central banks have defined the dominant narrative for financial markets since at least mid-2021. That’s when the Federal Reserve began to signal that […]

January 12, 2022

Crude oil prices rose sharply overnight, smashing through $80.00 per barrel as the commodity continued its ascent from the multi-month December low. A weaker US Dollar provided an additional tailwind for WTI prices after Federal Reserve Chair Jerome Powell affirmed […]

December 17, 2021

The week is closing after a massive outlay of drivers and themes. And while volatility has remained in equities, the US Dollar remains in the same range that was in-play to start the week. As I had discussed ahead of […]

December 10, 2021

GBP/USD breached below a descending trend line last week. It has been trending lower since it made a high in May at 1.4250. A bearish triple moving average (TMA) formation requires the price to be below the short term simple […]

December 6, 2021

Crude oil continued to recover as the fall-out from OPEC+ sticking to the planned increases in production is digested. The extra 400,000 barrels a day due to be added in January is seen as allaying Washington’s concerns. The group gave […]

November 11, 2021

Inflation in the US soared to its highest level since November 1990 with prices across the board moving higher, data showed yesterday. The headline rate hit 6.2%, compared to market estimates of 5.8%, while the core rate rose to 4.6% […]

November 2, 2021

Tomorrow brings the Fed, and Friday brings Non-farm Payrolls, so we’re in the midst of some heavy drivers for the USD. It’s long been expected that this is the rate decision at which the Fed will announce their intentions to […]

October 28, 2021

GOLD SHINING AGAIN? Gold prices have been clawing higher throughout October, even though the fundamental backdrop remains difficult thanks to the reality that FOMC continues to offer clear signals that tapering is arriving soon. With the November Fed meeting arriving […]

October 18, 2021

Gold has given back nearly all of last Wednesday’s post-CPI release rally and is now back at an important chart level that has steered price action over the last few weeks. The precious metal’s main driver remains the US dollar […]

October 8, 2021

The yield on the benchmark US Treasury 10-year is popping higher, aided by news overnight that the US Senate voted to extend the debt ceiling until December, pushing back market fears of a government default. The Senate agreed by a […]

September 17, 2021

The US Dollar came into the week sticking with a fairly well-defined range. And that range held through the first few days of this week, through a CPI report on Tuesday and a really strong retail sales report yesterday. On […]

September 13, 2021

A late drive lower across risk markets on Friday, saw the S&P 500 close lower for a 5th consecutive session, capping off the worst weekly performance since June. That said, equities a modestly firmer as we begin the session, which […]

September 7, 2021

Gold (XAU/USD) is starting to look a little feverish once again despite managing to pull higher at the end of last week. The pullback over the last two sessions is not yet overextended and is still likely to offer new […]

August 25, 2021

FX markets are very much in wait and see mode ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium. Although, markets participants are beginning to anticipate a more cautious statement by Powell after the typically hawkish Kaplan last […]

August 10, 2021

Euro is poised for a second weekly decline (eight consecutive days) against the US Dollar with EUR/USD down more than 0.3% to trade at 1.1719 on Tuesday in New York. The decline takes price towards the major support at the […]

July 21, 2021

The US dollar basket (DXY) is nearing its recent multi-month high, supported by a safe haven bid as risk markets remain wary of the ongoing spread of the delta covid variant and the potential impact it may have on global […]

August 21, 2018

LONDON — The dollar is falling against the pound and euro on Tuesday morning after US President Donald Trump publicly criticised the Federal Reserve for raising interest rates. Trump said in an interview with Reuters on Monday that he was […]