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Though the U.S. dollar’s status as the world’s reserve currency has come into question, transitioning away could involve significant challenges and risks.
The dollar index (DXY00 ) on Monday rose by +0.40% and posted a new 6-1/2 month high. The dollar moved higher Monday on rising bond yields, with the 10-year T-note climbing to a 16-year high. Also, the dollar has carryover support from last Wednesday when the Fed signaled one more...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq ($IUXX ) (QQQ ) is up +0.26%. Stocks are mixed, with the S&P 500 earlier in the day falling to a 3-1/2 month...
The U.S. Dollar still remains in a firm uptrend as outside foreign currencies continue to weaken, but keep a close eye on the Canadian Dollaras it looks to breakout.
Japan has gone through a long period of economic stagnation and deflation since the 1990s, frequently referred to as the lost decades, but there seems to be signs that Japan might finally be recovering. Inflation is back, and foreign investors are pouring money into the Japanese stock market. Is Japan making a comeback from the Lost Decades?
Australia's second quarter is typically associated with seasonal trends in tourism and travel. The country attracts many international tourists as Australia's weather becomes more favorable during this period. The influx of visitors can influence the demand for the Australian Dollar. Could this put profits in traders' accounts this year?
The dollar index (DXY00 ) on Friday rose by +0.19%. The dollar Friday rallied to a new 6-1/2 month high on carryover support from Wednesday when the FOMC signaled one more +25 bp rate hike this year and projected that the fed funds rate next year would be +50 bp...
While some like to say they were surprised by what the US Fed did and said, the reality is there has been plenty of time to plan ahead based on previous comments.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.88%. Stocks this morning are moderately higher, recovering from some...
The dollar index (DXY00 ) on Thursday gave up an early advance and finished little changed, up only +0.01%. The dollar Thursday initially climbed to a 6-1/2 month high on carryover support from Wednesday when the FOMC signaled one more +25 bp rate hike this year and projected the fed...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.17%. Stocks this morning are moderately lower, with the S&P...
The dollar index (DXY00 ) on Wednesday recovered from early losses and rose +0.11%. The dollar on Wednesday opened lower on weaker T-note yields and on strength in stocks that curbed liquidity demand for the dollar. However, the dollar recovered its losses and moved higher after the FOMC's dot plot...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. Stocks this morning are moderately higher on expectations for...
The Japanese Yen continues to fall, and is now near the level that triggered government intervention last year. Why is Yen so weak and will it keep falling? In this episode, we talked to Clive Ponsonby, former J.P.Morgan forex trader and author of Currency View, and Wei Liang Chang, FX & Credit Strategist at DBS, for a deep dive on this topic.
The dollar index (DXY00 ) on Tuesday fell -0.06% despite expectations for a hawkish FOMC meeting this week and Tuesday’s +5.4 bp rise in the 10-year T-note yield. The forex market Tuesday seemed to focus more on the negative economic outlook for the U.S. with rising gasoline prices, Tuesday’s weak...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. Stocks are falling on this morning’s weak U.S. housing...
Treasury Futures are beginning to trend sideways potentially indicating an end to the interest rate hike cycle, as T-Bonds continue to correct.
The dollar index (DXY00 ) on Monday fell slightly by -0.11%. The dollar Monday was undercut by a -3 bp decline in the 10-year T-note yield, which undercut the dollar’s interest rate differentials. The dollar was also undercut by Monday’s weak U.S. homebuilder report. The NAHB U.S. housing market index...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.12%. Bearish factors include the UAW strike, the possibility of...
3 potential support zones approaching between 1.2320 and 1.2025.
The dollar index (DXY00 ) Friday fell by -0.08%. The dollar was under pressure Friday after the University of Michigan Sep consumer sentiment and inflation expectations reports fell more than expected, which is dovish for Fed policy. Also, hawkish ECB comments Friday boosted EUR/USD at the dollar’s expense. Higher T-note...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.50%. Stock indexes this morning are moderately lower, with the...
The dollar index (DXY00 ) Thursday rose by +0.59% and posted a 6-month high. The dollar on Thursday moved higher on better-than-expected U.S. economic reports. Also, weakness in EUR/USD benefited the dollar after the ECB Thursday signaled it would pause its rate hike cycle, which knocked the euro down to...
