All Articles Tagged - US100cash

Daily Market Comment – Dollar pulls back, pound the main gainer

Posted on February 28, 2023 at 9:11 am GMT

Dollar slides as durable goods orders slip more than expected Pound outperforms on new Northern Ireland deal Equities gain, but outlook stays dim Dollar slips, but hike bets stay elevated The dollar traded lower against all the other major currencies on Monday, although it rebounded somewhat today. What prompted traders to liquidate their long dollar positions may have been the larger than expected slide in durable goods orders for January. The headline m/m rate tumbled to -4.5% from 5.1%, with [..]

Daily Market Comment – Dollar stays strong after Fed minutes, yen awaits Ueda

Posted on February 23, 2023 at 8:53 am GMT

Fed minutes show that almost all officials backed 25bps hike Dollar strengthens as they remain willing to adjust as necessary Yen traders await Ueda’s first speech after his nomination Dollar gains more as Fed hike bets remain elevated The US dollar continued trading higher against most of the other major currencies on Wednesday, but today it is pulling back. The minutes of the latest FOMC meeting allowed investors to keep bets with regards to the future path of US interest [..]

Daily Market Comment – Dollar extends gains after PMIs, awaits Fed minutes

Posted on February 22, 2023 at 9:12 am GMT

Dollar strengthens as better PMIs add to Fed hike bets Eurozone and UK PMIs also surprise to the upside Equities and risk-linked currencies feel the heat of hike bets Better PMIs fuel Fed hike bets and the dollar, Fed minutes on tap The dollar traded higher against all but one of the other major currencies yesterday, although it is trading mixed today. The only currency against which the greenback lost ground was the British pound. Following a streak of upbeat [..]

Daily Market Comment – Dollar stays strong, pound plummets as UK inflation eases

Posted on February 16, 2023 at 9:09 am GMT

US retail sales rebound strongly, adding to soft landing hopes Dollar climbs higher as investors maintain Fed hike bets Pound falls as slowing inflation alleviates pressure on BoE Equities gain, but gold extends decline US retail sales rise most in two years, dollar extends gains The US dollar continued to march north on Wednesday, outperforming all the other major currencies, although it pulled back somewhat today. What added extra fuel to the dollar’s engines may have been the hotter-than-expected US [..]

Daily Market Comment – Dollar on the front foot after inflation data

Posted on February 15, 2023 at 9:23 am GMT

Rental and food prices fuel US CPI Dollar gains as investors add to Fed hike bets Eurozone employment hits new record ECB President Lagarde steps onto the rostrum Investors raise implied Fed rate path on accelerating monthly CPI The dollar traded mixed against the other major currencies on Tuesday, but today it is outperforming all of them as yesterday’s US CPI data allowed investors to maintain the view that interest rates in the US may need to rise higher than [..]

The good and bad news for the US stock rally – Stock Market News

Posted on February 10, 2023 at 3:46 pm GMT

Major US stock indices kicked off the year on a strong note, with the Nasdaq 100 marking a four-week streak of increases. While the positive market structure looks promising, it could easily crack as lower-quality stocks seem to be leading. The good news Fundamentals have become more favourable for stock markets lately, helping the tech-heavy Nasdaq 100 index jump out of its range area and gain 15% year to date. Although the percentage change in the broader S&P 500 index was half that [..]

Daily Market Comment – Dollar traders place hopes on jobless claims

Posted on February 9, 2023 at 9:16 am GMT

After Powell, investors listen to more Fed members But implied path on interest rates stays unchanged Jobless claims and next week’s CPI data are the dollar’s next tests Wall Street indices close in the red Fed bets stay untouched after parade of Fed speakers The US dollar stabilized against most of the other major currencies yesterday, pausing the Powell-related slide. However, that was only for a while as today the US currency is back under pressure. Although there were no [..]

Daily Market Comment – Fed Chair Powell halts dollar rally

Posted on February 8, 2023 at 9:16 am GMT

Fed Chair Powell reiterates disinflation remarks Dollar slides as investors revise their implied rate path slightly lower Eurozone inflation expectations edge up Dollar retreats as Powell fails to appear more hawkish The US dollar traded lower against most of its major counterparts on Tuesday, giving back a small portion of the gains it recorded in the aftermath of Friday’s astounding employment report. The greenback remains on the back foot today as well. The person responsible for the dollar’s retreat was [..]

Daily Market Comment – Euro and pound slide after ECB and BoE, NFPs enter the limelight

Posted on February 3, 2023 at 9:18 am GMT

ECB’s Lagarde signals another 50bps hike in March BoE’s Bailey says inflation is turning the corner Investors lock gaze on US jobs data ECB President Lagarde appears in hawkish suit but euro slides After the Fed, it was the turn of the ECB and the BoE to announce their monetary policy decisions yesterday. Both of them raised interest rates by 50bps as was widely expected but remarks by ECB President Lagarde and BoE Governor Bailey did not bode well for [..]

Daily Market Comment – Dollar gains ahead of major central bank decisions

Posted on January 31, 2023 at 8:58 am GMT

Dollar gains ahead of tomorrow’s Fed decision Spain’s inflation accelerates for the first time in six months Euro/dollar could slide, but outlook stays positive Treasury yields rise, weighing on Wall Street Will the Fed add a hawkish flavor to a smaller hike? The US dollar traded higher against all the other major currencies on Monday and continued to gain ground against most of them today as well. With no major data releases or events to drive the greenback yesterday, it [..]

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