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Dow Jones Industrial Average recovers 300 points after AI sell-off finds footing
The Dow Jones Industrial Average (DJIA) crimped bearish flows on Wednesday, finding a near-term foothold near the 47,200 level and rising 300 points as equity markets recover following an early-week plunge in the heavily concentrated AI and tech infrastructure segments.Fxstreet
2 hours ago
USD: Shutdown hits new record as focus shifts to Supreme Court – MUFG
The US Dollar (USD) advanced to levels above 100 in Dollar Index (DXY) yesterday and EUR/USD broke below the 1.1500-level although the technical breaches of these levels has not as yet triggered any increased momentum for buying.
Fxstreet
11 hours ago
DXY at 100 – squeeze or new uptrend? – DBS
The Dollar Index (DXY) rebound to late-July’s 100 level reflects a confluence of near-term supporting factors – Fed Chair Jerome Powell’s pushback on a December rate cut amid tight funding conditions and haven demand as the US government shutdown enters its second month, DBS' Senior FX Strategist PhFxstreet
11 hours ago
Dow Jones Futures jump as Fed easing hopes boost risk appetite
Dow Jones Index futures are showing minor gains during Wednesday’s European morning session as market sentiment remains fragile on concerns about an overvaluation of tech stocks, as markets reassess their expectations of monetary easing by the Federal Reserve.The main Wall Street Indexes are set toFxstreet
11 hours ago
USD: December will probably be very important – Commerzbank
I think that the easing of tensions on the trade front is good for everyone involved. This includes central banks, which may now have the opportunity to set their monetary policy in a somewhat less uncertain environment. I would like to point out one aspect in particular.Fxstreet
11 hours ago
US Dollar Index softens to near 100.00 amid prolonged US government shutdown
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 around 100.15 during the Asian trading hours on Wednesday.Fxstreet
16 hours ago
Dow Jones Industrial Average grapples with fresh market concentration fears
The Dow Jones Industrial Average (DJIA) fell alongside its major index peers on Tuesday, shedding nearly 300 points from Monday’s closing prices as investors pivoted into fresh concerns that the global AI tech craze may have left equity markets overly concentrated in key stocks with dubious revenueFxstreet
Tue, Nov 4
USD: Markets start to worry about frothy tech stocks – Scotiabank
The US Dollar (USD) is extending gains for a fifth day, driving the Dollar Index (DXY) to test the 100 area on the back of weaker equity market risk sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Nov 4
USD: Wait-and-see ahead of ADP – ING
This week is all about reassessing December Fed rate cut expectations. That process began with Chair Powell’s press conference last Wednesday and continues with FOMC member remarks and the limited data still being released, ING's FX analyst Francesco Pesole notes.Fxstreet
Tue, Nov 4
Dow Jones futures decline due to cautious Fed policy tone
Dow Jones futures move down by 0.72% to trade below 47,150 during European hours, with the S&P 500 futures and Nasdaq 100 futures declining 0.92% and 1.25%, trading below 6,850 and 26,000, respectively, during the European hours ahead of the United States (US) regular opening on Tuesday.Fxstreet
Tue, Nov 4
Dow Jones Industrial Average misses out on Mag 7 gains
The Dow Jones Industrial Average (DJIA) faced fresh declines on Monday, kicking off the new trading week with a 200-point decline. The Dow briefly tested below the 47,250 level for the first time in over a week, as 'Magnificent 7' concentrated investment gains lift other indexes.Fxstreet
Mon, Nov 3
USD firms on moderated Fed outlook – Scotiabank
The US Dollar (USD) is extending gains against the majors to start the week, building on last week’s post-FOMC strength to pull the DXY above the 99.50 zone to reach its highest since August, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Mon, Nov 3
USD: Focus on money markets – ING
Risk currencies are not seeing the typical boost one would have expected after the US and China agreed on a one-year trade truce last week. We think there are two factors currently at play keeping the dollar the dominant story, ING's FX analyst Chris Turner notes.Fxstreet
Mon, Nov 3
