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Forecasting the upcoming week: Hawkish Fed meets escalating Iran war
The US Dollar (USD)i weakened this week, with the US Dollar Index (DXY) slipping back below 100.00 to 99.60 on Friday after a surge in the middle of the week driven by the Federal Reserve's (Fed) decision to hold rates in the 3.50%-3.75% range.Fxstreet
Fri, Mar 20
Dow Jones Industrial Average slides as Iran war, hawkish Fed drive fourth losing week
The Dow Jones Industrial Average tumbled around 257 points, or 0.6%, on Friday as all three major US indices tracked toward a fourth consecutive losing week. The S&P 500 fell 0.8%, while the Nasdaq Composite underperformed with a decline of 1.2%.Fxstreet
Fri, Mar 20
US sends thousands of Marines and three warships to Middle East – WSJ
Citing officials, the Wall Street Journal reported on Friday that the Pentagon is sending roughly "2,200 to 2,500 Marines from the California-based USS Boxer amphibious ready group and 11th Marine Expeditionary Unit," to the Middle East, alongside three warships.Fxstreet
Fri, Mar 20
Dollar strength returns on geopolitics – Scotiabank
Scotiabank’s global FX strategy team reports broad Dollar strength as G10 performance realigns with early US/Iran conflict patterns. They stress fragile risk sentiment as markets reassess prolonged conflict risks, central bank paths and violent yield repricing.Fxstreet
Fri, Mar 20
US Dollar: Upside risk persists in energy shock – BBH
Brown Brothers Harriman’s Elias Haddad notes that recent political comments briefly steadied risk sentiment, but renewed risk aversion has lifted the Dollar, Oil and bond yields while pressuring equities. With no key data due, focus is on Fed speakers.Fxstreet
Fri, Mar 20
JPMorgan Cuts S&P 500 Target to 7,200: Iran War Risk Seriously Underestimated by Market
TradingKey - JPMorgan recently lowered its year-end target for the S&P 500 from 7,500 to 7,200, citing that the market remains overly optimistic regarding the risks of war in Iran and potential oil price shocks.
TradingKey
Fri, Mar 20
US Dollar gains momentum to near 99.50 amid Fed hawkish hold, Middle East tensions
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 during the Asian trading hours on Friday. The DXY edges higher after a hawkish hold by the US Federal Reserve (Fed).Fxstreet
Fri, Mar 20
USD: Energy shock and hawkish Fed support – BBH
Brown Brothers Harriman’s Elias Haddad highlights that an escalating Iran war-driven energy shock, combined with a restrictive Federal Reserve and tightening bias at other central banks, is pressuring risk assets and supporting the Dollar.Fxstreet
Thu, Mar 19
Dow Jones futures steady as Fed tone turns hawkish
Dow Jones and S&P 500 futures are steady around 46,530 and 6,670, respectively, during European hours on Thursday, ahead of the US cash market open. Meanwhile, Nasdaq 100 futures edge lower by 0.17% to hover near 24,600 at the time of writing.Fxstreet
Thu, Mar 19
USD: Fed reaction function supports strength – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that the Dollar strengthened after the latest Fed meeting, driven by several smaller hawkish signals rather than a single major shift. Powell stressed that rate cuts depend on inflation moving toward target, while long-term expectations remain anchored.Fxstreet
Thu, Mar 19
Dow Jones Industrial Average drops as hot PPI data fuels stagflation fears
The Dow Jones Industrial Average fell nearly 1% on Wednesday, shedding over 450 points as a hotter-than-expected Producer Price Index (PPI) print landed on the same day as the Federal Open Market Committee (FOMC) rate decision.Fxstreet
Wed, Mar 18
