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Análisis
Dollar Gains As the U.S. Treasury Plunges
The global bond market experienced selling pressure as traders scaled back expectations of interest rate cuts from major central banks, including the Federal Reserve. The U.S. Treasury saw a drop, causing the treasury yield to rise by nearly 2% yesterday. This surge in yields bolstered the strength of the U.S. dollar, with the dollar index currently trading above the $102 trajectory.
PU Prime
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hace 506
GBPUSD begins 2024 in a muted tone
GBPUSD pares some gains after posting a 4-month peak - But remains within its upward sloping channel - Positive bias holds as momentum indicators are skewed to the upside
XM Group
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hace 506
Dollar starts 2024 on strong footing, Friday’s NFP eyed
Dollar gains against most of its major counterparts - Fed minutes and US jobs data this week’s highlights - Euro awaits Eurozone’s preliminary inflation numbers - Gold and oil rebound, Asian stocks open the year mixed
XM Group
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hace 506
Sterling broadly flat ahead of UK manufacturing PMI
Asia-Pacific markets dip on weak Chinese PMI. S&P Global manufacturing PMI signals contraction. UK's manufacturing PMI falls, but services improve. Eurozone M3 money supply stays negative. US manufacturing PMI and construction spending data awaited. Currency markets stable, US 10-year Treasury yields rise, oil prices firm at $78.30.
Moneta Markets
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hace 506
Dollar Edges Higher When The Market Resumes
The U.S. dollar continued its ascent on the first trading session after returning from the New Year holiday.
PU Prime
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hace 507
Dollar Gain Despite Poor PMI Reading
The U.S. Chicago Purchasing Managers' Index (PMI) reading significantly dropped to 46.9, falling below both the previous reading and market consensus.
PU Prime
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hace 508
Dollar Rebounds Off 5-Month Lows, Yen Outperforms
The Dollar Index (DXY), which weighs the value of the Greenback against a basket of 6 major currencies, rebounded off July 5-month lows at 100.62 to 101.22 (101.42 previously).
ACY Securities
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hace 510
Three Reasons Why I Expect the BOJ's Short-term Policy Rate to Rise No Further Than Zero
The Bank of Japan's October 2023 outlook report predicts that core Consumer Price Index (CPI) inflation, excluding fresh food and energy, will be 1.9% in both fiscal years 2024 and 2025. This projection suggests a potential move toward returning the short-term policy rate to zero.
ACY Securities
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hace 510
Prospects of Canada’s GDP Growth
In the intricate tapestry of Canada's economic landscape, the month of October brought about a stalling moment, as the Gross Domestic Product (GDP) showed no significant change on a month-on-month (m-o-m) basis, diverging from the anticipated 0.2% gain predicted by consensus expectations.
ACY Securities
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hace 510
USD Nothing New Going Into the New Year
The opening of the Asian session set a positive tone, propelled by a significant downward revision to the United States' Q3 GDP figures, indicating a palpable deceleration in the nation's economic activity. This revision, in turn, fuelled heightened investor expectations of an assertive rate cut by the Federal Open Market Committee (FOMC) in the year 2024.
ACY Securities
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hace 510
Dollar stops bleeding, oil slides as 2023 concludes
Dollar mounts comeback, helped by solid labor market data - Oil prices resume downtrend as supply concerns resurface - Mind the gap, scarcity of liquidity in markets can fuel volatility
XM Group
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hace 510
Daily Global Market Update
GBP/USD, Bitcoin, and Oil/USD fell; Binance resilient amid regulations; Gold up 5th day on Fed hopes. Economic releases: US Chicago PMI, Baker Hughes Rig Count, Spain CPI, Dutch Retail Sales, Japan, and UK CFTC Net Positions.
Moneta Markets
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hace 510
Dollar Rebound Despite Job Market Soften
Despite dollar rebound, persistent speculation surrounding a potential dovish pivot by the Federal Reserve continues to exert downward pressure on the U.S. dollar.
PU Prime
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hace 511
Gold and equities shine bright in thin trading
Gold closes at its highest level ever as US yields keep falling - Shares on Wall Street also hit record highs, fueled by rate cut bets - Dollar retreats across the board, boosting the euro and yen
XM Group
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hace 511
Daily Global Market Update
Euro strengthens, Dollar weakens, Gold rises (watch for overbought), Google stock retreats. Global economy ends 2023 strong, but risks persist. Upcoming: US jobless claims, oil stocks, Spain retail, Austria PMI, Italy bond auction.
Moneta Markets
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hace 512
Dollar Slump on Rate Cut Speculation
Investors strategically position themselves for an anticipated Federal Reserve interest rate cut in the coming year
PU Prime
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hace 512
Stocks flirt with record highs as rate cut bets run wild
Softer-than-expected PCE inflation boosts early rate cut hopes. Global shares rise after S&P 500 comes within a whisker of its all-time high. Yen slips as BoJ hints at no imminent policy change, dollar muted on depressed yields
XM Group
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hace 512
Dollar Dips in Thin, Holiday Trade, AUD Breaks Higher
The Dollar Index (USD/DXY), a popular measure of the Greenback’s value against a basket of 6 major currencies, dipped to 101.45, from 101.70, and its lowest finish since 27 July. The USD/JPY pair, however, edged higher to 142.45 (142.35) after Japan’s November Jobless Rate remained unchanged, at 2.5%. The Dollar traded to an overnight high at 142.67 JPY before easing.
ACY Securities
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hace 512
Decoding Japan’s Policy Stance and Unravelling Sterling Dynamics in 2023
As I delve into the intricacies of the Bank of Japan's recent decisions, it's evident that the BoJ has maintained its steadfast position, refraining from any end-of-year surprises. From my perspective, the global easing of yield pressures and the perceived inclination towards quicker "adjustment" cuts in the US create an environment.
ACY Securities
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hace 512
Continued Slow Erosion, From Shifting Headwinds
On my thoughts, it's evident that the US Dollar (USD) continues its gradual erosion, influenced by various shifting headwinds. Looking ahead to the entirety of 2023, indications point towards a mild depreciation of the Dollar, with estimates projecting a -1% decline based on the DXY and a broader trade-weighted index showing a decrease of -1.3%.
ACY Securities
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hace 512
