Energies
Monthly Archives: July 2022
29 July 2022 – U.S. GDP Declines for the Second Consecutive Quarter
Written on July 29, 2022 at 7:32 am, by Designer
U.S. Dollar Index (USDX) U.S. second-quarter gross domestic product (GDP) contracted at a 0.9% annualized rate, which followed a first-quarter contraction of 1.6%. Meanwhile, some market experts expect the Fed to slow its pace of rate hikes to half a point at the next meeting in September. The dollar index edged 0.03% higher to 106.25Continue Reading
28 July 2022 – Fed Hikes Rates; U.S. Dollar Falls And Gold Recovers
Written on July 28, 2022 at 10:41 am, by Designer
U.S. Dollar Index (USDX) The dollar lost ground on Thursday as market participants reflected the expected hike of 75 bp. Additionally, markets are bracing for another hike as Fed’s statement hinted. Meanwhile, the dollar index dropped by 0.31% to 106.12, hovering just above its lowest mark since July 5. The moves come after the FedContinue Reading
Khaled Al-Qudah Interview On Asharq by Bloomberg to talk about Financial Markets Prior to Fed Statement
Written on July 28, 2022 at 7:19 am, by Designer
27 July 2022 – FOMC Statement Due Today; Markets Embrace For The Hike
Written on July 27, 2022 at 11:27 am, by Designer
U.S. Dollar Index (USDX) The dollar index was down by 0.14% at 107.04 on Wednesday, as traders gear up for a crucial Federal Reserve policy decision scheduled for later in the day. Investors are waiting to see the extent the U.S. central bank will go to combat inflation, as concerns remain that aggressive Fed rateContinue Reading
26 July 2022 – One Day Before The FOMC Meeting
Written on July 26, 2022 at 10:27 am, by Designer
U.S. Dollar Index (USDX) The dollar held just below multi-decade peaks on Tuesday as traders awaited a rate hike from the U.S. Federal Reserve. Meanwhile, traders also wondered whether hints of a slowing economy might prompt a shift away from Fed’s focus on inflation. The Fed ends its two-day meeting tomorrow while traders have beenContinue Reading
25 July 2022 – Fed Meeting On the Way
Written on July 25, 2022 at 8:19 am, by Designer
U.S. Dollar Index (USDX) The dollar moved on a firm footing during the Asian session, as traders braced for a sharp U.S. interest rate hike this week and looked for safety as data points to a weakening global economy. The greenback was up slightly against most majors during the early trades as the Fed concludesContinue Reading
22 July 2022 – ECB Rate Hike Exceeds The Expectations
Written on July 22, 2022 at 5:57 am, by Designer
U.S. Dollar Index (USDX) The dollar was down on Friday morning in Asia after the European Central Bank raised interest rates more than expected on Thursday as concerns about runaway inflation trumped worries about growth. The U.S. dollar Index that tracks the greenback against a basket of other currencies inched down 0.01% to 106.91. TheContinue Reading
21 July 2022 – ECB Statement Due Today
Written on July 21, 2022 at 8:25 am, by Designer
U.S. Dollar Index (USDX) The greenback moves in a slow upward fashion maintaining the overall positive outlook. However, market participants are taking extra caution prior to the European interest rate decision. The U.S. dollar index fluctuated between red and green during the early sessions, but it remains positive on the daily chart. However, the hourlyContinue Reading
20 July 2022 – Eurozone Inflation Hit 8.6%
Written on July 20, 2022 at 8:46 am, by Designer
U.S. Dollar Index (USDX) The greenback retreated further on Wednesday as major currencies extended their overnight gains with lower inflationary fears. The U.S. dollar index was down 0.14% to 106.52, well off its two-decade peak of 109.29 last week. The dollar retreat has also coincided with reduced expectations of a supersized 100-basis-point rate hike atContinue Reading
