Energies
Monthly Archives: September 2022
The Greenback is unstable while peers take advantage
Written on September 12, 2022 at 9:36 am, by Designer
The U.S. dollar index dropped 0.2% this morning before the inflation data due tomorrow, as inflation is expected to ease. Experts believe the U.S. economy has reached the inflationary peak which should lead to a slowdown in Fed’s rate hikes. Meanwhile, the European central bank raised the interest rate by 75 basis points last week,Continue Reading
Big Central Banks Clash and Markets Are Indecisive
Written on September 9, 2022 at 7:00 am, by Designer
U.S. Dollar Index (USDX) The dollar took a breather from its surging rally on Friday as markets digested yet more hawkish Fed speak, while the euro hung on to parity, helped by an outsized rate hike from the European Central Bank. Currency movement overnight was calm for once even as Federal Reserve Chair Jerome PowellContinue Reading
The ECB Press Conference is the Focus
Written on September 8, 2022 at 11:54 am, by Designer
Markets are moving unchanged today waiting for the ECB meeting which is expected to result in a 75-basis points rate hike and pushing the common currency above the parity levels. Meanwhile, the U.S. dollar remains solid above 109.50 and the yellow metal penetrates above $1,723 per ounce. U.S. Dollar Index (USDX) The Dollar Index tradedContinue Reading
The Greenback Hits A New High While Gold and Euro Fall
Written on September 7, 2022 at 7:48 am, by Designer
The U.S. dollar exceeds the recent highs for a new two-decade high above 110.67 while pushing gold below $1,698 per ounce and Euro to 0.98 levels. Market experts expect the Fed and ECB to hike 75 basis points each. U.S. Dollar Index (USDX) The dollar will remain solid for the rest of the year asContinue Reading
Safe-Havens Are What Traders Seek and Europe Is The Focus
Written on September 6, 2022 at 10:05 am, by Designer
Demand for conventional safe havens rose after Russia shut a major gas pipeline to Europe, putting the continent at risk of a major energy crisis. Focus is now on a European Central Bank meeting later in the week, where market participants expect the bank to begin raising interest rates. U.S. Dollar Index (USDX) the U.S.Continue Reading
U.S. Data Confuses the Markets; More jobs And Higher Unemployment
Written on September 5, 2022 at 12:06 pm, by Designer
Nonfarm numbers increased by 315,000 during the month of August to exceed the expectations of 295,000 jobs. However, the unemployment rate rose to 3.7% from 3.5%. Meanwhile, the dollar index surging to a new two-decade high pushing gold below the 1,700 levels. On the Other hand, the European currency fell to the lowest level inContinue Reading
The Greenback Skyrockets Against All Peers
Written on September 5, 2022 at 10:37 am, by Designer
Nonfarm numbers increased by 315,000 during August, exceeding the expectations of 295,000 jobs. However, the unemployment rate rose to 3.7% from 3.5%. Meanwhile, the dollar index surged to a new two-decade high pushing gold below the 1,700 level. On the Other hand, the European currency fell to the lowest level in 20 years despite theContinue Reading
