Energies
Monthly Archives: December 2022
Markets Patiently Await the PCE Data
Written on December 22, 2022 at 7:11 am, by Designer
U.S. Dollar Index (USDX) The dollar index and dollar index futures fell 0.3% each on Thursday, with the focus now turning to revised U.S. GDP data for the third quarter, and more importantly, the personal consumption expenditure price index reading for November. The PCE index is the Federal Reserve’s preferred inflation gauge and is expectedContinue Reading
Bank of Japan Switch Gear to Tight Policy
Written on December 21, 2022 at 9:15 am, by Designer
U.S. Dollar Index (USDX) The dollar index was 0.154% higher at 104.110, having slipped 0.6% on Tuesday. The index is heading for its biggest quarterly loss in nearly 12 years. Meanwhile, the daily chart is also showing a declining pattern as RSI is closing to 30 and the MACD shows more divergence. However, the supportContinue Reading
Japanese Yen is Ending the Year With Action
Written on December 20, 2022 at 6:28 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar index sank though, dropping 0.31% to 104.30, bringing it back to the middle of its trading range this month of 103.44-105.90. The greenback traded steady this week after recovering sharply from a five-month low hit earlier, while 10-year U.S. Treasury yields firmed for a third consecutive session. Meanwhile,Continue Reading
Japanese Yen Might Reclaim Some Glory
Written on December 19, 2022 at 8:18 am, by Designer
U.S. Dollar Index (USDX) The dollar index retreated this morning amid rising recessionary fears after the last Fed hike last week. Market participants believe inflation is peaking and the recession is one step away. Meanwhile, Federal Reserve Chairman mentioned that interest rates will remain higher for longer than anticipated. On the hourly chart, the indexContinue Reading
Markets are Almost Flat After Central Banks’ Decisions
Written on December 16, 2022 at 7:26 am, by Designer
U.S. Dollar Index (USDX) The greenback lost 0.12% to 104.00 during the morning trades as traders continued to recap the implications of the Fed’s continued monetary tightening. The daily chart’s overall trend remains negative and targets the support at 103.00. However, the technical indicators show fluctuations with a heavy selling pressure build-up. Pivot Point: 103.90Continue Reading
Markets Dipped After Fed’s 50 bp Hike
Written on December 15, 2022 at 8:52 am, by Designer
U.S. Dollar Index (USDX) The dollar climbed considerably on Thursday after the Federal Reserve raised interest rates by an expected 50 basis points overnight, and its policymakers anticipated making further hikes and keeping rates high for longer than earlier hoped. Setting out the Federal Open Market Committee’s determination to tame inflation despite a risk ofContinue Reading
Stock Markets Reflect the Caution of the day
Written on December 14, 2022 at 8:32 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar struggled during the morning trades after a sharp dive on lower inflation data which supported the expectations of a 50 basis points hike in the Fed’s meeting later in the day. Fed officials mentioned several times that the Fed will slow down the pace in the upcoming meetings,Continue Reading
One Day Before Feds Decision and expectations still at 50 bp
Written on December 13, 2022 at 8:50 am, by Designer
U.S. Dollar Index (USDX) The dollar index fell 0.1% to below 105 points, with investors awaiting the U.S. consumer price index reading for November. While the data is expected to show that consumer inflation eased further in the month, any surprises to the upside could rattle markets with fears of more hawkish actions from theContinue Reading
Markets Are Cautious Ahead of a Crowded Week
Written on December 12, 2022 at 10:14 am, by Designer
The U.S. dollar is under pressure as markets expect the fed to commit to the slowdown and hike 50 basis points. However, the CPI index will show how efficient Fed policy was for this year despite the expectation of persistent inflation. U.S. Dollar Index (USDX) The dollar climbed this morning as data on Friday showedContinue Reading
