Energies
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CPI Expectations Slowdown Market Trends
U.S. Dollar Index (USDX) The dollar index and dollar Fed members stated were down nearly 0.8% this week in anticipation of the inflation data. The greenback has been on a sharp decline since late 2022, amid an increasing number of bets that U.S. inflation has peaked, and that the Fed will raise rates at aContinue Reading
Caution Traders Lean More Toward Gold
U.S. Dollar Index (USDX) The dollar index was almost flat this morning as the focus is now on the release of CPI data for December. Market participants expect to see inflation easing from the previous month. The greenback was boosted by comments from Fed members restating that interest rates could rise more than expected thisContinue Reading
Markets Embrace The Upcoming Recession
U.S. Dollar Index (USDX) The U.S. dollar weakened as market participants expect that the Fed might end its rate-hike cycle. Meanwhile, China’s reopening drove demand for riskier assets. The U.S. dollar index edged 0.04% higher to 103.21, after tumbling 0.7% and touching a seven-month low of 102.93 in the previous session. The dollar index tradesContinue Reading
The Job Market is Still Solid, and CPI Data is Due This Week
U.S. Dollar Index (USDX) The U.S. Dollar further declined this morning as markets discount the recent economic data in addition to the expectations of upcoming CPI data. Data on Friday showed U.S. nonfarm payrolls rose by 223,000 jobs in December, while a 0.3% rise in average earnings was smaller than expected and less than theContinue Reading
Markets Await the Non-Farm Payroll Today
U.S. Dollar Index (USDX) The U.S. dollar traded near a one-month high this morning after U.S. economic data showed that the labor market could keep the Federal Reserve on its aggressive rate hike path. The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43%Continue Reading
