Tag Archives: dollar

US Dollar maintains momentum ahead of Fed decision and labor market update. US JOLTs and CB Consumer Confidence figures exceed expectations. Fed is expected to stay data-dependent and keep possibilities open for a September cut.The US Dollar, measured by the DXY index, is trying to continue its upward trend, but …

European shares showed muted movement on Tuesday as investors held back, awaiting the outcome of the Federal Reserve’s monetary policy meeting and upcoming Eurozone inflation data. Despite the overall cautious sentiment, technology and oil stocks provided some support to the market. STOXX 600 IndexThe pan-European STOXX 600 index inched up …

Oil, Crude, trading

Oil, Crude, trading

japanese-yen

US crude oil futures experienced significant losses in the early trading sessions of this week, reaching the projected targets from the previous report at 76.40 and 75.95, and coming close to the next target of 75.10, with a low of $75.39 per barrel during this morning’s trading. Technically, the 4-hour …

The Euro continued its decline against the US Dollar, following the anticipated downward trajectory outlined in the previous technical report. The pair reached the first official target at 1.0810, hitting a low of 1.0802. On the technical front today, a closer examination of the 240-minute chart reveals that the simple …

The Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report. The report indicated that Dallas Fed Manufacturing Index declined from -15.1 in June to -17.5, compared to analyst forecast of -12.Production Index declined from 0.7 in June to -1.3 in July, while New Orders Index decreased from -1.3 …

European stock markets opened the week on a positive note, driven by gains in the oil sector amid concerns of a potential escalation in the Middle East and supported by a series of encouraging corporate earnings. Market OverviewThe pan-European STOXX 600 index rose 0.4% by 0713 GMT on Monday, continuing …

Several factors dominated market activity throughout last week, including economic data, developments in the US political landscape ahead of the 2024 presidential election, escalating geopolitical tensions in the Middle East amid the ongoing war in Gaza, and updates on the monetary policies of central banks in major economies. Economic Data …