Energies
Monthly Archives: August 2022
The Dollar Holds; Gold Falls, and The Euro Tests Resistance
Written on August 31, 2022 at 7:42 am, by Designer
Financial markets are waiting for the serious European inflation data and the U.S employment figures due this week. Meanwhile, the dollar holds; Commodities fall, and the Euro tests resistance. U.S. Dollar Index (USDX) The U.S. dollar edged lower in early European trade Tuesday, falling back from a 20-year peak, as attention turns towards Europe, withContinue Reading
Employment Figures Are on the Way With Low Expectations
Written on August 30, 2022 at 9:55 am, by Designer
The Fed signaled it has no plans to ease on its path of monetary tightening. The move pushed the dollar to a 20-year peak, and also drove up short-term Treasury yields. While Fed’s hawkish statement interrupted the markets, the employment figures are on the way with low expectations. U.S. Dollar Index (USDX) The dollar struggledContinue Reading
STARTRADER Monday’s Market Update (29/08/2022)
Written on August 29, 2022 at 11:33 am, by Designer
Federal Reserve Chair Jerome Powell’s signal of higher-for-longer interest rates coursed through markets Monday, sinking stocks and equity futures and lifting two-year Treasury yields to levels last seen in 2007. Fed’s hawkish tone increased the demand for the dollar pushing the U.S. Dollar Index to a new two-decade high at 109.40. Meanwhile, the European currencyContinue Reading
Higher-For-Longer Interest Rates
Written on August 29, 2022 at 10:22 am, by Designer
Federal Reserve Chair Jerome Powell’s signal of higher-for-longer interest rates coursed through markets Monday, sinking stocks and equity futures and lifting two-year Treasury yields to levels last seen in 2007. U.S. Dollar Index (USDX) Fed’s chairman’s hawkish tone increased the demand for the dollar pushing the U.S. Dollar Index to a new two-decade high aboveContinue Reading
Powell Speech is the Focus of the Day
Written on August 26, 2022 at 7:44 am, by Designer
Market participants will closely follow clues from Fed Chairman Jerome Powell about the near future rate hikes. Additionally, they expect to have the final notes about how the Fed is thinking regarding the pace of the interest rate hike at its September 20-21 meeting. U.S. Dollar Index (USDX) The dollar held onto recent gains againstContinue Reading
The Greenback Shakes Ahead of The Jackson Hole Symposium
Written on August 25, 2022 at 7:24 am, by Designer
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
Written on August 24, 2022 at 9:11 am, by Designer
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
Written on August 23, 2022 at 9:52 am, by Designer
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
