DXY

European Open Preview – Dollar little changed; US equities rebound but is the turmoil over?

Posted on February 7, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Wednesday, experiencing little movement in the session, as investors’ attention remained fixed on movements in stock markets. STOCKS: US equity indices rebounded yesterday, temporarily alleviating some concerns that the sell-off seen earlier in the week would develop into something much bigger. The Dow Jones led the way, gaining an extraordinary 2.3%, while the Nasdaq Composite followed in its tracks, up by 2.1%. The S&P 500 [..]

US Open Preview– Dollar flat as equity meltdown spreads to European stocks

Posted on February 6, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The strong correction in stock markets which emerged amid hopes that the Fed will raise interest rates faster than expected did not provide much support to the dollar, with dollar/yen rising slightly up to 109.22 (+0.11%) as demand for the safe-haven yen also increased. The dollar index also edged up to 89.78 (+0.20%). Euro/dollar gave up earlier gains, retreating to 1.2356 (-0.06%), while pound/dollar fell to 1.3900 (-0.40%) after an attempt to [..]

European Open Preview – Stock bloodbath continues in full swing; RBA maintains neutral tone

Posted on February 6, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Tuesday, after posting some gains yesterday. The currency’s broader decline appears to have been halted, at least for now, as investors appear to be focused more on the collapse seen in stock markets. STOCKS: US markets suffered one of their worst days on record yesterday. The Dow Jones led the collapse, falling by an astounding 4.6%. The S&P 500 was down 4.1%, its largest one-day [..]

US Open Preview – Dollar posts gains ahead of NFP report; European stocks tumble

Posted on February 2, 2018 at 12:25 pm GMT

Here are the latest developments in global markets: FOREX: The dollar continued to rise slowly against its major peers after US Treasury yields peaked at fresh highs early today but remained closed to 3-year lows. The dollar index inched up to an intra-day high of 88.88 (+0.16%) and dollar/yen was on track to break above 110, posting a fresh one-week high at 109.91 (+0.46%). Today’s news that the BOJ was planning to buy an unlimited amount of Japanese government bonds [..]

European Open Preview – Dollar retreats despite rising yields; US jobs report in the spotlight

Posted on February 2, 2018 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday ahead of the US employment data, after it previously posted notable losses on Thursday. The yen tumbled against its major peers, weighed on by the BoJ’s regular bond-buying operations, which pushed Japanese bond yields lower. STOCKS: Japanese markets retreated despite the overnight tumble in the yen. The Nikkei fell 0.9%, while the Topix pulled back 0.3%. In Hong Kong, the Hang Seng was in the green, [..]

US Open Preview – Dollar rallies versus yen on inflation prospects; European stocks rebound

Posted on February 1, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen stretched towards a one-week high of 109.74 (+0.51%) during early European trading after the FOMC statement highlighted yesterday that the US inflation is expected to “move up this year”. However, the dollar index inched down to 89.00, remaining near 3-year lows, on the face of a strengthening euro and pound. Euro/dollar crawled up to 1.2450 (+0.14%) amid prospects that the ECB will reduce monetary stimulus this year and pound/dollar was on track to post [..]

European Open Preview – Optimistic Fed message does little for the dollar; major economies’ manufacturing PMI data due

Posted on February 1, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.2% higher on Thursday, recovering some of its recent losses, buoyed by the Fed’s slightly more hawkish tone on the US economic outlook upon completion of its two-day meeting on monetary policy. STOCKS: Japanese markets skyrocketed, with the Nikkei 225 moving 1.7% higher and the Topix surging by 1.8%, both indices regaining some of the ground they lost in recent days. In Hong Kong, the Hang Seng was [..]

US Open Preview – Dollar pressured ahead of Fed rate decision; European stocks rebound

Posted on January 31, 2018 at 12:38 pm GMT

Here are the latest developments in global markets: FOREX: Kiwi/dollar remained the biggest winner in early European trading, approaching fresh one-week highs at 0.7400 (+0.94%), while aussie/dollar reached an intra-day high at 0.8109. Dollar/yen inched up to 108.76 but was unable to recover earlier losses despite the BOJ increasing its medium-term Japanese government bonds. Trump’s State of Union speech also failed to feed dollar bulls, giving few details on US policies. The dollar index was moving sideways around three-year lows [..]

European Open Preview – Dollar on the defensive ahead of FOMC; eurozone inflation on the horizon

Posted on January 31, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to retreat on Wednesday, trading 0.2% lower ahead of the FOMC policy decision later in the day. STOCKS: Japanese markets were on the defensive, with the Nikkei 225 and the Topix indices falling 0.8% and 1.2% respectively, as the recent surge in bond yields continued to undermine investors’ sentiment towards equities. This was also evident by the underperformance of US indices yesterday, with the S&P 500, Dow Jones [..]

US Open Preview– Dollar stretches losses ahead of Fed meeting; Trump’s State of Union speech in focus

Posted on January 30, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: The euro erased earlier losses against the dollar, bouncing up to an intra-day high of $1.2423 (+0.22%) after Eurostat revised upwards GDP growth readings for the third quarter. Sterling managed to rebound to $1.4111 (+0.38%) after reaching a one-week low at 1.3979 during the Asian session. On the other hand, the dollar, stretched its downleg towards 108.52 versus the yen (-0.31%) and reversed yesterday’s gains against a basket of major currencies, [..]

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