News
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USD gains stall on dovish Fed comments – Scotiabank
Thanksgiving week means a slew of data releases Tuesday and Wednesday from the US and perhaps little movement after mid-week in FX markets that still have one eye on the Fed and another on the trend in US tech stocks, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.Fxstreet
Mon, Nov 24
USD: Markets eye Ukraine peace talks amid thanksgiving-thinned week – ING
The US Dollar (USD) faces downside risks this week as cautiously optimistic Ukraine peace talks and the Fed’s Beige Book could temper USD strength, keeping Dollar Index (DXY) near key resistance, ING's FX analyst Chris Turner notes.Fxstreet
Mon, Nov 24
USD consolidates as risk assets extend Friday bounce – BBH
The US Dollar (USD) consolidates after last week’s gains as New York Fed President John Williams’ dovish remarks raise bets on a December rate cut, supporting equities and stabilizing bonds, BBH FX analysts report, BBH FX analysts report.Fxstreet
Mon, Nov 24
Weak risk mood underpins USD – Scotiabank
The US Dollar (USD) remains amid firm weak risk appetite but the JPY is outperforming on the session, reflecting a ratcheting up of intervention rhetoric as Finance Minister Katayama warned of 'appropriate action' being taken against disorderly FX moves.Fxstreet
Fri, Nov 21
DXY: Stocks sell off after strong tech-driven open – BBH
US stocks sold off yesterday after a strong Nvidia-fueled open. That’s a sign of a frothy market where investors sell into strength, not chasing it. Treasury yields slipped across the curve as a December Fed funds rate cut remains in play despite September’s jobs gain overshoot.Fxstreet
Fri, Nov 21
US Dollar Index declines to near 100.00 on mixed jobs data and rate cut uncertainty
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 100.15 during the Asian trading hours on Friday. The mixed delayed US jobs data failed to provide clarity on interest rates.Fxstreet
Fri, Nov 21
Dow Jones Industrial Average churns on Thursday as markets turn cautious
The Dow Jones started Thursday off on a high note. The major equity index soared 725 points in the early hours before promptly reversing course at 1545 GMT (1045 EST) and sinking over 1,100 points top-to-bottom, hitting a five-week low of 45,732 in the process.Fxstreet
Thu, Nov 20
USD mixed ahead of jobs data – Scotiabank
The US Dollar (USD) solid push higher yesterday has stalled on the face of it so far today. The major currencies are narrowly mixed against the USD, with high beta/ commodity FX gaining modestly while the core majors (JPY, EUR, CHF) edge a little lower.
Fxstreet
Thu, Nov 20
USD breaks above 200-DMA amid lower rate cut odds – BBH
US Dollar (USD) has powered above its 200-day moving average as Fed funds futures slashed rate cut bets. The US employment data void and hawkish FOMC October meeting minutes led markets to reduce odds of a December 25bps rate cut by more than 15pts to as low as 27%.Fxstreet
Thu, Nov 20
USD: Dollar has gone too far – ING
Stock markets cleared the key hurdle of Nvidia's earnings release yesterday. While the S&P500 is still down in November as valuation concerns are seemingly on the rise, yesterday's strong earnings are offering relief to global risk sentiment and helping the high-beta G10 segment stabilise.Fxstreet
Thu, Nov 20
Dow Jones futures climb as Nvidia boosts AI trade, US NFP awaited
Dow Jones futures advance 0.62% to trade near 46,500 during European hours on Thursday, ahead of the United States (US) market open. The S&P 500 futures and Nasdaq 100 futures are also higher, rising 1.29% and 1.78% to around 6,750 and 25,150, respectively, at the time of writing.Fxstreet
Thu, Nov 20
USD: Just volatility today, no new direction – Commerzbank
Today, markets will finally see US labor market data again. The foreign exchange market will certainly be looking very closely at the figures and all the details to find clues about the state of the US labor market and the implications for the Fed, Commerzbank's FX analyst Volkmar Baur notes.Fxstreet
Thu, Nov 20
US Dollar Index rises above 100.00 near five-month highs ahead of September NFP
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth successive session and trading around 100.30 during the Asian hours on Thursday.Fxstreet
Thu, Nov 20
