Tag Archives: DXY

The DXY Index has accelerated its reversal from the 99.30 area to test two-week lows at 97.80. The USD drops across the board after Fed’s monetary policy decision. Upbeat employment and construction data have failed to cheer USD buyers.The US dollar is losing ground across the board on Thursday. The …

According to the latest Consumer Confidence survey conducted by the US Conference Board, US Consumer Confidence fell to 110.5 in February from 111.1 in January. That was a smaller drop than the expected decline to 110.0. The Present Situation Index rose to 145.1 from 144.5 last month, while the Consumer …

According to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to 61.7 in February, well below expectations for a slight rise to 67.5 from 67.2 in January. That marked the lowest such reading since October 2011. The Current Conditions Index fell to 68.5 from 72.0 …

Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

Markets were hit by a wave of risk aversion on Monday, benefitting the safe-havens and hurting the risk-sensitive currencies, though the latter group had pared back on much of their earlier underperformance by the end of US trade as risk appetite recovered.Market commentators said that geopolitical concerns about the rising …

Crude oil prices hit two-month highs on Wednesday on the back of tight supply as crude inventories in the United States fell to their lowest since 2018, and as the US dollar weakened and concerns eased about the Omicron coronavirus variant.US crude inventories retreated by 4.6 million barrels last week …

The GBP/USD is trading at 1.3311 and higher by 0.12% on the day so far. The pair has recovered from a low of 1.3276 and has reached a high of 1.3352 so far.DXY, an index that measures the US dollar vs a basket of currencies spiked around 40 points during …

The US dollar’s current slight retreat comes as a result of a corrective movement in the bearish direction after several sessions of surging trend.The US Dollar Index (DXY) heads into the Thanksgiving holiday on track for a third consecutive strong weekly gain. The US economy’s Q4 is shaping up as …

AUD/USD is on the verge of a downside continuation towards daily lows while the Dollar Index (DXY) has headed for a test of 97 the figure again, rallying to a high 96.937FOMC minutes are coming up and could be the final catalyst of the current week. The US data dump …

The selling pressure continues in DXY and fell to the 92.00 area on Friday. It is testing sub-92.00 for a brief period on Friday after the non-farm payrolls data came in a surprisingly bearish direction in August. The US economy added 235,000 jobs last month, compared to the 750,000 jobs …