TAG: us-dollar-index
German Manufacturing PMI Falls from 42.5 to 41.9 in March
On Tuesday, the German manufacturing sector was in the spotlight.German Manufacturing PMIIn March, the German Manufacturing PMI declined from 42.5 to a five-month low of 41.9, slightly higher than the preliminary figure of 41.6.According to the finalized...
6 months ago
AUD to USD Forecast: RBA Minutes and US Labor Stats to Influence Market Sentiment
Aussie Labor Market and the RBA in the SpotlightOn Tuesday, the RBA was in the spotlight. The RBA Meeting Minutes from the less hawkish March policy meeting warranted investor interest. On Thursday, Aussie retail sales and the recent Monthly CPI Indicator...
6 months ago
USD/JPY Forecast: BoJ Accommodation, Fed Speakers, and 152 Barrier Dynamics
An Accommodative Bank of Japan, Interventions, and 152On Tuesday, the Bank of Japan and the Japanese government could impact buyer demand for the USD/JPY. Recent economic indicators from Japan have given the BoJ little reason to shift from post-pivot forw...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
ISM Manufacturing PMI Climbs Above 50, Beating Analyst Expectations
On April 1, 2024, the Institute for Supply Management released ISM Manufacturing PMI report for March. The report indicated that ISM Manufacturing PMI increased from 47.8 in February to 50.3 in March, compared to analyst consensus of 48.4. Numbers above 5...
6 months ago
US Dollar (DXY) Index News: Showing Resilience Amid Surging Treasury Yields
U.S. Dollar and Treasury YieldsThe U.S. Dollar is exhibiting a slight dip against major currencies, yet the sentiment remains robust, bolstered by surging U.S. Treasury yields, the highest since late November. This resilience raises questions about the st...
6 months ago
JOLTs Job Openings Meet Analyst Expectations
On April 2, 2024, the U.S. released JOLTs Job Openings report for February. The report indicated that JOLTs Job Openings remained unchanged at 8.75 million (the previous reading was revised from 8.86 million to 8.75 million). Analysts expected JOLTs Job O...
6 months ago
Gold Price’s Relentless Rally
Gold Could Reach $2,300 This might seem perplexing for those who read only free analyses from me and didn’t have the full picture – in the last few years I had long and short positions in mining stocks (featuring 12 profitably closed unleveraged positions...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back From Multi-Month Highs
U.S. DollarDXY 020424 4h ChartU.S. Dollar Index is losing ground as traders react to the JOLTs Job Openings report, which indicated that JOLTs Job Openings remained unchanged at 8.75 million in February. Factory Orders increased by 1.4% month-over-month i...
6 months ago
AUD to USD Forecast: China in Focus Pre-Fed Chair Powell and US ADP and ISM Reports
China Services in the SpotlightOn Wednesday, the Chinese economy will be in the spotlight again. The China Caixin Services PMI could show if the Chinese economy has turned a corner. Economists forecast the China Caixin Services PMI to increase from 52.5 t...
6 months ago
USD/JPY Forecast: BoJ’s Eyes on Japan Services Sector Activity
Japan Services Sector Activity Puts the Bank of Japan in FocusOn Wednesday, April 3, the Jibun Services PMI for March warrants investor attention. The Bank of Japan recently turned its attention to the services sector as a source of demand-driven inflatio...
6 months ago
China Caixin Services and Composite PMIs Increase to 52.7 in March
China Services SectorOn Wednesday, the Chinese economy was in focus again. The influential services sector PMI numbers for March warranted investor attention. In March, the Caixin Services PMI increased from 52.5 to 52.7. Economists forecast a March PMI o...
6 months ago
The Week Ahead: The US CPI Report and Fed Chatter in the Spotlight
The US DollarOn Monday, NY Fed 1-Year Consumer Inflation Expectation figures will kick-start the week for the US dollar. A pickup in consumer inflation expectations could lead to decreased consumer spending as individuals may adjust their expenditure plan...
6 months ago
USD/JPY Weekly Forecast: Inflation Trends, Central Bank Chatter, and 152
Weekly Overview of the USD/JPY in the Week Ending April 5, 2024The USD/JPY gained 0.19% in the week ending April 5, closing the week at 151.607. The USD/JPY rose to a Wednesday high of 151.951 before falling to a Friday low of 150.809.USD/JPY Analysis: Wa...
6 months ago