DXY: US Dollar Index Prediction Ahead of Fed Decision
The US dollar index (DXY) is tilting higher ahead of the upcoming interest rate decision by the Federal Reserve. The index is trading at $96.43, which is a few points…
The Outlook on DXY and Nikkei 225 As Dovish Moods Prevail
It was a strong week for the risk assets: S&P 500 and Nasdaq made new all-time highs, and risk currencies closed the week positive against the dollar. The US dollar…
US Personal Incomes Jump 1.1% on Higher Compensation and Social Benefits
(BEA) Personal incomes in the US rose by 1.1% or $225.9 billion in July from June as workers enjoyed higher compensation and government social benefits. Disposable personal income rose 1.1%…
US Dollar Index (DXY) Analysis Ahead of GDP and Jackson Hole Summit
The US dollar index (DXY) has been under pressure this week as the heightened Delta variant risks eased. The index is trading around 93, which is a bit lower than…
The Outlook on DXY and NZD As New Zealand Outbreak Takes a Turn for the Worse
It’s the fear mode in the markets. Commodities and risk-on currencies look increasingly vulnerable. Last week, the new Delta variant cases in New Zealand caused the nationwide lockdown, triggering the…
DXY Analysis: US Dollar Index Forms an Impressive Classic Bullish Pattern
The US dollar index (DXY) is in an upward trend after it crashed on Friday due to the weak consumer confidence data. The index rose from last week’s low at…
The Outlook on the Safe-Haven Status: Gold and Swiss Franc Are in the Spotlight
The markets have been full of contrasts these days. While major stock indices continue climbing higher pricing in stimulus narrative, forex remains in the risk-off mode. Investors are fearful and…
U.S. Business Groups Want Biden’s Administration to Renegotiate US-China Trade Deal
(WSJ) Over thirty US business groups are asking Biden’s administration to renegotiate the 2020 Phase One Trade Pact with China and reduce import tariffs. The business groups say that China…
US Trade Deficit Widens Further by 6.7% as Imports Surge More than Exports
(Census Bureau) US importation of goods and services increased by 2.1% in June to $283.4 billion, pushing overall trade deficits up by 6.7% to $75.7 billion. Exports rose by a…
DXY Weakness and the Volatility From China: Market Sentiment and Price Action Analysis
The market sentiments have been mixed lately. The US dollar – a classic safe haven, slipped, with DXY losing 0.88% last week. Although the major risk-on commodity, crude oil, is…
Philadelphia’s Manufacturing Remain Elevated Despite Index Slip to 21.9 in July
(Federal Reserve Bank of Philadelphia) The diffusion index gauging manufacturing activity in Philadelphia fell to a reading of 21.9 in July from 30.7 in June as activity eased. Firms reported…
Make Sense of the Risk Sentiment and Try Out Copper
The markets have finished the week in an upbeat mood, with equity indices making new highs and risk currencies catching a bid. Although the USD is usually considered a safe…