Energies
About: Designer
Recent Posts by Designer
The Greenback Shakes Ahead of The Jackson Hole Symposium
The Jackson Hole Symposium Day! Traders are closely awaiting Fed’s Chairman’s speech to cover the state of the US economy at the Jackson Hole Economic Symposium. Analysts expect the recent figures regarding inflation and the labor market will be shed light on, in addition to the monetary policy authority’s general outlook and its expectations regardingContinue Reading
24 August 2022- Crude Oil Finds Shelter in Supply Figures
U.S. Dollar Index (USDX) The U.S. dollar steadied above 108.70 this morning, as investors await to hear from the Federal Reserve and pondered whether weak U.S. data may slow the pace of rate hikes. All eyes now turn to Jackson Hole, Wyoming, where the Federal Reserve holds its annual symposium and Fed Chair Jerome PowellContinue Reading
23 August 2022 – Dollar to New Highs; Euro at 20 Years Low
U.S. Dollar Index (USDX) The dollar held firm on Tuesday as a safe haven during the turbulence of the uncertainty. Furthermore, the U.S. dollar index stood firm around 109, attempting to breach the two-decade high of 109.29 it hit in July. Another reason investors have pursued refuge in dollars is the growing risk of aContinue Reading
22 August 2022 – The Dollar Rocket Rise While Gold Drops
U.S. Dollar Index (USDX) The U.S. dollar index hit a fresh five-week high on Monday after another Federal Reserve official flagged the likelihood of continued aggressive monetary tightening ahead of the central bank’s key Jackson Hole symposium this week. The index edged up to 108.26 for the first time since July 15 and was lastContinue Reading
19 August 2022 – Gold Lost and Gone Heavily Bearish
U.S. Dollar Index (USDX) The U.S. dollar hit a one-month high versus its major peers this morning as Fed officials continued to mention the need for further interest rate hikes. Meanwhile, the dollar index rose 0.14% to 107.63, after touching 107.72 which is its highest since July 18. The index is on track for aContinue Reading
