The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trading Tuesday, but remained near a 20-year high as the market geared up for another aggressive rate… By Ambar Warrick Investing.com– China’s yuan sank to a new two-year low on Wednesday as anticipation of an upcoming Federal Reserve rate hike boosted the dollar, while concerns… By Gertrude Chavez-Dreyfuss NEW YORK -The dollar surged to https://news7g.com/dotbig-is-a-universal-broker-for-newbies/ a fresh two-decade high on Wednesday after the Federal Reserve raised interest rates by another 75 basis… By Gertrude Chavez-Dreyfuss NEW YORK – The euro and sterling plummeted to fresh 20-year and 37-year lows against a surging U.S. dollar on Friday after surveys showed the… The SNB are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. Of course Yellen may help in extending that range but today…right now the EURUSD is looking just a little more bearish.
With significant resistance above, the chance of stronger than expected inflation data, and the possibility of a “less hawkish than expected” Fed, it Is possible that the pair will move lower. The Riksbank feels like it got burnt one to many times by not raising interest rates enough. Therefore, it raised rates by 100bps today and said there is more to come. Tesla reacted poorly to the latest central bank developments with the stock falling 4% on Thursday. Main indices were not as badly hit with the S&P 500 losing less than 1% and the Nasdaq just over 1%. The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday.
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- Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way.
- Main indices were not as badly hit with the S&P 500 losing less than 1% and the Nasdaq just over 1%.
- Tesla reacted poorly to the latest central bank developments with the stock falling 4% on Thursday.
- Recession fears are causing both GBP/USD and EUR/USD to move lower.
- By Peter Nurse Investing.com – The U.S. dollar soared in early European trading Thursday, posting a new 24-year high against the yen after the Federal Reserve’s hawkish…
- By Gertrude Chavez-Dreyfuss NEW YORK – The dollar ascended close to a two-decade high on Tuesday, as investors geared up for another aggressive interest rate hike from…
If the inflation components are higher than expected, watch for a possible tape-bomb from the Wall Street Journal that the Fed is “more likely” to hike 100bps. Recession fears are causing both GBP/USD and EUR/USD to move lower. This leaves traders nervous to buy the dip in Gold as it moves to its lowest https://www.uludagsozluk.com/e/45752712/ level since April 2020. Brent crude oil continues to fall as fundamental headwinds gain traction. Bitcoin price has produced three consecutive lower lows since September 7, but at the same time, the Relative Strength Indicator has shown a positive rise demonstrating a lack of underlying bearish power.
Us Dollar Extends To Fresh Highs Across The Board
By Summer Zhen HONG KONG – Asia macro hedge fund managers, many of whom posted strong returns this year, are betting the Japanese yen’s unrelenting Forex slide will end soon… Traders increased net-short exposure to metals , but also increased their bearish outlook on GBP and JPY futures.
Pressured by the renewed dollar strength on upbeat US PMI figures, gold lost its recovery momentum and dropped below $1,650. https://www.cmcmarkets.com/en/learn-forex/what-is-forex Meanwhile, the 10-year US T-bond yield is up nearly 1%, forcing XAU/USD to stay on the backfoot heading into the weekend.
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