Energies
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Recent Posts by Designer
Glooming Corporate Earnings Stoke Recession Fears
U.S. Dollar Index (USDX) The dollar held close to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears and as traders stayed on guard ahead of a slew of central bank meetings next week. Downbeat earnings and guidance from U.S. companies and a string of techContinue Reading
U.S. Economic Expectations Raise Further Worries
U.S. Dollar Index (USDX) The U.S. dollar weakened 0.1% this morning ahead of the PCE data due on Thursday. Markets expect the PCE to decline thus inflation to further slowdown. PCE report is known to be the measure for Feds policy, further decline means less tightening and rate hikes. Focus this week is on U.S.Continue Reading
The Greenback Weakens Ahead of the GDP Data
U.S. Dollar Index (USDX) The dollar was on the weaker side this morning, hovering near an eight-month low at 101.51, as traders continued to gauge the risks of a U.S. recession and the path for Federal Reserve policy. Traders see two more quarter-point rate hikes by the Fed to a peak of around 5% byContinue Reading
Euro Trades Near Nine Months Peak
U.S. Dollar Index (USDX) This morning, the U.S. dollar traded horizontally ay, and the reading is expected to show a further easing in growth from the prior quarter. Markets expect a potential slowdown in the world’s largest economy as the effects of tight monetary conditions begin to be felt. Expectations of slower rate hikes haveContinue Reading
Crude Oil Gains on China Economy Optimism
U.S. Dollar Index (USDX) The U.S. dollar traded horizontally this morning as fears of an economic slowdown dented risk sentiment. Meanwhile, the dollar index rose 0.069% to 102.090, not far off the seven-month low of 101.51 it touched on Wednesday. The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointingContinue Reading
