The US Dollar experienced a minor setback following the release of the December Producer Price Index (PPI) data, which came in below market expectations. This unexpected development ignited fresh debates about the trajectory of inflation and the potential impact on the Federal Reserve’s monetary policy.The softer-than-expected PPI figures, with core …
Read More »
The EUR/USD pair faces resistance above 1.0270 as the US Dollar strengthens. Anticipation of President-elect Trump’s policies, including potential inflationary measures, is boosting the Greenback.While the Euro showed strength earlier, the US Dollar’s rebound, fueled by robust US job growth and expectations of limited Fed rate cuts, is hindering further …
Read More »
Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …
Read More »
The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …
Read More »
The US Dollar continued its downward trend as investors digested recent economic data and increased their bets on a more aggressive rate cut by the Federal Reserve. The US Dollar Index (DXY) fell, reflecting a weaker greenback against a basket of major currencies.Fed Rate Cut Expectations AccelerateFollowing dovish comments from …
Read More »
The Canadian Dollar remained relatively unchanged on Thursday, continuing its recent sideways trend. Domestic economic indicators, including a rise in Canadian Building Permits, were overshadowed by the anticipation of a Federal Reserve interest rate cut.The U.S. Producer Price Index (PPI) data, while mixed, did not significantly alter market expectations for …
Read More »
The Dow Jones climbed by 450 points, hitting an all-time high above $40,200.00. Markets are mostly ignoring the fact that US PPI wholesale inflation has accelerated. Five-year inflation predictions eased, while US consumer mood surveys deteriorated.Even though US Producer Price Index (PPI) inflation increased more quickly than anticipated in June, …
Read More »
US Dollar Dives on Soft US Inflation: The US Dollar Index (DXY) plunged to multi-week lows around 104.00 after disappointing Consumer Price Index (CPI) data and falling US yields. This data fueled speculation of the Federal Reserve cutting interest rates as early as September, sending the Dollar tumbling. Today (July …
Read More »
The Dow Jones Industrial Average tumbled another 150-plus points on Thursday after US data hinted at a further contraction of the overall economy, briefly sparking risk-off bids into the US dollar and forcing Treasury yields lower alongside equity indexes. The Dow Jones backslides over 150 points on Thursday. Treasury yields …
Read More »
Ahead of the release of US CPI on Wednesday, market players were analysing sticky US producer prices and Chair Powell’s lukewarm stance, which caused the US dollar to continue its dismal start to the week and retreat to multi-day lows. The USD Index (DXY) continued to fall on Monday, breaking …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
