Consumer confidence in the US deteriorated in October. The US Dollar Index trades deep in negative territory below 111.00. the Dollar Index reading at the time of writing is 110.84. The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index declined to 102.5 in October …
Read More »
Consumer sentiment in the United States has continued to improve throughout September, meanwhile, the US Dollar Index rebounded to the 114.205 area with the initial reaction to the data.With the initial reaction, the US Dollar Index extended its recovery and was last seen posting small daily losses at 114.02.Tuesday’s data …
Read More »
The EUR/USD pair bounces off year-to-date lows around 0.9800 as price action gets overstretched. The prevalent market sentiment is negative and failed to reinforce the US dollar.US jobless claims were better than expected, while the EU’s consumer confidence is disappointing the Eurozone. The Euro is almost flat after hitting a …
Read More »
Consumer confidence in the eurozone retreated to record low in September amid accelerating concerns about increased costs of living and slowdown of the EU economy. The European Commission said Thursday that its measure of consumer confidence in the region fell by 3.8 points in September from the August reading. The …
Read More »
Tuesday’s report by Conference Board has showed a recovery in consumer confidence in August according to preliminary data. Several analysts have pointed out the rebound in confidence to its highest level since May 2022 took pace as fuel prices fell throughout the month and stock prices rose during the first …
Read More »
On Tuesday, the USD/JPY pair approaches again the 140.00 zone. The USD/JPY is gaining momentum during the US trading session and climbed to 139.08, reaching the highest level since mid-July. The pair remains bullish amid a stronger US Dollar across the board.US dollar gains momentum despite another decline in Wall …
Read More »
The US dollar continued to rise on Friday, taking advantage of the negative factors that dominated the markets last week with Federal Reserve officials and their statements to raise interest rates at a faster pace. The euro and the British pound fell to a one-month low against the safe-haven US …
Read More »
August is historically the dullest month of the year for financial markets, but all five trading days (August 8-12) witnessed important market news and economic data that had a significant impact on almost all assets. The influence of the week’s economic data could continue into the future. The CPI report …
Read More »
The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report.On the surface, the University of Michigan’s latest survey of consumer sentiment was largely …
Read More »
The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report. However, there was carry-over bearish sentiment for the dollar based on the favorable …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
