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Dow Jones Industrial Average rallies into a payrolls print it cannot win
The Dow Jones Industrial Average closed just under 53,700 on Thursday, up roughly 620 points and close to 1.2%, its strongest session since August 4, after a Fed governor said he would be inclined to support holding rates at the September 15-16 meeting if the next two weeks of inflation data behave.
Fxstreet
Thu, Sep 3
US Dollar extends decline as NFP takes centre stage
The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, slides below 99.00 to its lowest level in over a week on Thursday. At the time of writing, DXY trades around 98.90, down 0.67% on the day, after reaching 99.86 on Wednesday.Fxstreet
Thu, Sep 3
Dow Jones Industrial Average rallies on a coin toss
The Dow Jones Industrial Average trades near 53,750, up 1.3% and on track for its strongest session since early August, after a Fed governor said he would be inclined to support holding rates at the September 15-16 meeting if the inflation data due over the next two weeks keep behaving.Fxstreet
Thu, Sep 3
What is keeping the US Dollar supported as front-end rates and ISM expectations point higher?
The US Dollar (USD), as measured by the US Dollar Index (DXY), is showing signs of floor-building following a volatile month, as the heavy hedging pressure triggered by a dovish reading of the July Federal Open Market Committee (FOMC) meeting subsides.Fxstreet
Thu, Sep 3
United States Dollar Index weakens below 99.50 as yields ease
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.40 in the early European trading hours on Thursday. The DXY faces some selling pressure while US Treasury yields slipped from multi-year highs.Fxstreet
Thu, Sep 3
Forex Today: Weekly claims and ISM Services keep the focus on the real economy
The US Dollar (USD) has traded in quite a volatile fashion on Wednesday, always amid the unabated tensions from the US-Iran crisis, speculation over another bout of FX intervention by Japanese authorities and bets for whatever the Fed might do or not do in the next few months.
Fxstreet
Wed, Sep 2
Dow Jones Industrial Average borrows its rebound from the bond market
The Dow Jones Industrial Average trades near 53,000 and roughly 250 points higher, having opened just above 52,750, dipped to a session low beneath the rising 50-day Exponential Moving Average (EMA) near 52,700, and recovered the whole of that ground.Fxstreet
Wed, Sep 2
United States Dollar Index loses ground on possible Yen intervention
The US Dollar Index (DXY) trades on the back foot on Wednesday as a sharp rise in the Japanese Yen (JPY) forces the Greenback to reverse its earlier intraday gains. At the time of writing, DXY trades around 99.55, down 0.11% on the day, after reaching 99.86, its highest level since August 14.
Fxstreet
Wed, Sep 2
US Dollar: Fed hike risk and yields back in focus – MUFG
According to MUFG’s Lee Hardman, rising energy prices are pushing market expectations for further Federal Reserve tightening, with 17bps priced for the 16th September FOMC and the 2-year US Treasury yield at a year-to-date high.Fxstreet
Wed, Sep 2
Forex Today: Enter the US labour market
The US Dollar (USD) has managed to leave behind the negative start to the week and regained balance on Tuesday. The recovery has come on the back of a generalised recovery in US Treasury yields and ongoing tensions in the geopolitical landscape.Fxstreet
Tue, Sep 1
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