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Forecasting the upcoming week: US Dollar weakens ahead of key US CPI data and Fed speeches
The US Dollar Index (DXY) fell toward the 97.90 region on Friday, pressured by improving risk sentiment and easing safe-haven demand after reports suggested the United States (US) and Iran are still attempting to preserve a fragile ceasefire framework despite renewed military incidents in the Middle
Fxstreet
Fri, May 8
Dow Jones Industrial Average edges higher on NFP beat as Iran reply awaited
Dow Jones Industrial Average (DJIA) futures clawed back ground on Friday, May 8, after Thursday's late-session selloff dragged the cash index toward 49,500. Overnight dealing through Asia and Europe held a tight range just above 49,600, with traders reluctant to commit ahead of the US jobs report.
Fxstreet
Fri, May 8
United States Nonfarm Payrolls beat expectations: Why is the US Dollar weakening?
The United States (US) created 115K new jobs in April, much better than the 62K anticipated by markets. The unemployment rate in the same month was confirmed at 4.3%, as expected. The Nonfarm Payrolls (NFP) report came in better than anticipated, yet the US Dollar (USD) eased with the news.Fxstreet
Fri, May 8
Dow Jones futures rise as renewed Middle East tensions de-escalate
Dow Jones futures gain 0.18%, trading near 49,790 during the early European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.30% to near 7,390, and the Nasdaq 100 futures advance 0.48% above 28,820.
Forex Today: US Dollar holds firm amid fragile US-Iran peace talks
The US Dollar Index (DXY) is trading with a softer tone near the 98.10 area as markets continue reacting to rapidly shifting headlines surrounding the potential peace agreement between the United States (US) and Iran.Fxstreet
Thu, May 7
DXY rebounds as Iran hope trade unwinds: is the safe-haven bid back?
The morning belonged to the deal: Asia had ripped overnight, with the Nikkei 225 clearing 62,000 for the first time on a session that gained north of 5%, and US futures came in primed for another leg of the Iran ceasefire trade.
Fxstreet
Thu, May 7
USD: Dollar support from easing Oil and reserve flows – BNY
BNY’s Geoff Yu notes that expectations of progress toward peace in Iran are driving a bond rally and shaping flows in the United States (US) Treasury market. As Oil prices fall and real rates reprice, he argues exporter surpluses and reserve management trends could again favor the US Dollar (USD).Fxstreet
Thu, May 7
USD: Softer tone as Fed seen delaying cuts – MUFG
MUFG’s Lloyd Chan notes the US Dollar (USD) has softened as US Dollar Index (DXY) retests support and US yields fall, while equities hit new highs. Recent US data show stronger ADP employment but worrying ISM services inflation and weak employment.Fxstreet
Thu, May 7
Dow Jones futures advance on signs of easing US-Iran tensions
Dow Jones futures gain 0.23%, trading near 50,150 during the European hours on Thursday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.18% to near 7,400, and the Nasdaq 100 futures advance 0.21% above 28,780.Forex Today: DXY falls after Middle East tensions ease, markets eye US NFP
The US Dollar Index (DXY) slides near the 98.00 area, with limited losses supported by resilient United States (US) data but capped by improving risk sentiment after Axios reported that the US and Iran are moving closer to a deal aimed at ending the conflict.Fxstreet
Wed, May 6
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