Energies
Monthly Archives: January 2023
The Dollar Regains Its Strength and Controls The Markets
Written on January 31, 2023 at 10:26 am, by Designer
U.S. Dollar Index (USDX) The dollar index recovered from negative trading for three consecutive weeks and rose by 0.7%, as it reduced its losses with the expectations of raising interest rates by the Federal Reserve at its next meeting. The Fed is expected to raise 25 basis points on interest rates, and investors will lookContinue Reading
Central Banks are Imposing Their Say on the Markets This Week
Written on January 30, 2023 at 10:37 am, by Designer
Market News Summary The dollar stabilized on Monday and moved away from its lowest level in eight months while awaiting the Federal Reserve meeting to decide interest rates next Wednesday. The euro caught a breath in today’s trading after its price fell at the end of last Friday. There is some optimism about raising interestContinue Reading
GDP is Higher Than Expected and PCE Due Today
Written on January 27, 2023 at 6:24 am, by Designer
U.S. real gross domestic product (GDP) increased at an annual rate of 2.9% in the fourth quarter of 2022, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased by 3.2%. Current‑dollar GDP increased 6.5% at an annual rate, or $408.6 billion, in the fourth quarterContinue Reading
Glooming Corporate Earnings Stoke Recession Fears
Written on January 26, 2023 at 7:52 am, by Designer
U.S. Dollar Index (USDX) The dollar held close to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears and as traders stayed on guard ahead of a slew of central bank meetings next week. Downbeat earnings and guidance from U.S. companies and a string of techContinue Reading
U.S. Economic Expectations Raise Further Worries
Written on January 25, 2023 at 7:57 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar weakened 0.1% this morning ahead of the PCE data due on Thursday. Markets expect the PCE to decline thus inflation to further slowdown. PCE report is known to be the measure for Feds policy, further decline means less tightening and rate hikes. Focus this week is on U.S.Continue Reading
The Greenback Weakens Ahead of the GDP Data
Written on January 24, 2023 at 7:50 am, by Designer
U.S. Dollar Index (USDX) The dollar was on the weaker side this morning, hovering near an eight-month low at 101.51, as traders continued to gauge the risks of a U.S. recession and the path for Federal Reserve policy. Traders see two more quarter-point rate hikes by the Fed to a peak of around 5% byContinue Reading
Euro Trades Near Nine Months Peak
Written on January 23, 2023 at 8:18 am, by Designer
U.S. Dollar Index (USDX) This morning, the U.S. dollar traded horizontally ay, and the reading is expected to show a further easing in growth from the prior quarter. Markets expect a potential slowdown in the world’s largest economy as the effects of tight monetary conditions begin to be felt. Expectations of slower rate hikes haveContinue Reading
Crude Oil Gains on China Economy Optimism
Written on January 20, 2023 at 7:21 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar traded horizontally this morning as fears of an economic slowdown dented risk sentiment. Meanwhile, the dollar index rose 0.069% to 102.090, not far off the seven-month low of 101.51 it touched on Wednesday. The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointingContinue Reading
Gold Remains Supported by The Recessionary Uncertainty
Written on January 19, 2023 at 7:13 am, by Designer
U.S. Dollar Index (USDX) The dollar rose broadly on Thursday as growing concerns about the U.S. economy drove demand for the safe-haven greenback. Weak U.S. data released showed that U.S. retail sales fell by the most in a year in December and manufacturing output recorded its biggest drop in nearly two years, stoking fears thatContinue Reading
