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Monthly Archives: August 2022
08 August 2022 – Further Tightening Is on the Horizon
Written on August 16, 2022 at 7:09 am, by shmarkets
U.S. Dollar Index (USDX) The dollar index stood at 106.77, while traders currently see a high probability the Fed will continue the pace of 75 basis-point interest-rate increases for its next policy decision on September 21. The focus this week will be on the U.S. consumer price index on Wednesday to see if it willContinue Reading
05 August 2022 – Same Volatility as Any Non-Farm Payroll Day
Written on August 16, 2022 at 7:08 am, by shmarkets
U.S. Dollar Index (USDX) The dollar inched higher on Friday but struggled to recoup its losses after falling by its sharpest pace in two weeks, as investors remained on tenterhooks ahead of U.S. jobs data and amid growing worries about a recession. The U.S. dollar index was up 0.15% to 105.86, after sliding 0.68% overnightContinue Reading
04 August 2022 – WTI Falls Below $90 a Barrel
Written on August 16, 2022 at 7:07 am, by shmarkets
U.S. Dollar Index (USDX) The dollar index surged nearly 1% in the past two days after hawkish comments from two Federal Reserve members drove up expectations of sharper interest rate hikes this year. San Francisco Fed President Mary Daly and Chicago Fed President Charles Evans both signalled that inflation is yet to cool in theContinue Reading
03 August 2022 – Between Chinese Conflict and Fed Statement; Gold Gold Volatility Rises
Written on August 16, 2022 at 7:05 am, by shmarkets
U.S. Dollar Index (USDX) The dollar stuck in choppy trade on Wednesday, after its biggest surge for weeks as Fed officials talked up the potential for further aggressive interest rate hikes. On Tuesday, Fed officials Mary Daly and Charles Evans signaled that they and their colleagues remain resolute and “completely united” over getting rates upContinue Reading
02 August 2022 – Gold And Oil; Volatility In The Driver Seat
Written on August 16, 2022 at 7:04 am, by shmarkets
U.S. Dollar Index (USDX) The U.S. dollar index was volatile after data showed U.S. manufacturing activity slowed less than expected in July. Last week, the Fed raised the benchmark overnight interest rate by three-quarters of a percentage point. The move came on top of a 75 basis points hike last month and smaller moves inContinue Reading
01 August 2022 – Recessionary Tension Rises
Written on August 16, 2022 at 7:03 am, by shmarkets
U.S. Dollar Index (USDX) The dollar sank on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S. economy at risk of recession. Meanwhile, the dollar index edged down 0.18% to 105.80, slipping back toward Friday’s low of 105.53, a level not seen since July 5. Technically,Continue Reading
29 July 2022 – U.S. GDP Declines for the Second Consecutive Quarter
Written on August 16, 2022 at 7:02 am, by shmarkets
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 August 16, 2022 at 7:01 am, by shmarkets
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
27 July 2022 – FOMC Statement Due Today; Markets Embrace For The Hike
Written on August 16, 2022 at 6:58 am, by shmarkets
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
