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The news and analysis archive

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The news and analysis archive
11
Oct

U.S. Core PPI, UoM Consumer Sentiment, Canada Unemploym...

The dollar traded between gains and losses on Thursday, ultimately closing lower for the day. The dollar index (USDX) formed a trading range between 102.48 and 102.98, where any br...

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10
Oct

U.S. Core CPI, U.S. Jobless Claims, Tilray & Delta Airl...

The dollar gained sharply against most of its major peers on Wednesday, with the dollar index (USDX) adding another 0.45% to its value and hitting 10-week highs versus the yen whil...

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9
Oct

FOMC Meeting Minutes, U.S. Wholesale Inventories, Crude...

The U.S. dollar is seen trading sideways for the past two daily sessions, following a substantial appreciation to a seven-week high, providing some relief to the Japanese yen and o...

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8
Oct

German Industrial Production, U.S. Trade Balance, FOMC ...

The dollar took a breather on Monday, following five consecutive daily gains that took it to seven-week highs. The dollar index (USDX) was down slightly by 0.03% as investors antic...

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Wall Street surged on tech boost and hypes of Mid-East peace

Wall Street surged on tech boost and hypes of Mid-East ...

·         Fed talks indicate a pause in Nov’24, followed by either a 25 or 50 bps cut in Dec’24 depending on actual economic data or the outlook thereof ·         Both Iran and Isr...

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Oil boiled on escalating Israel and Ukraine war tensions

Oil boiled on escalating Israel and Ukraine war tension...

·         But oil also stumbled as Israel may not launch any serious retaliatory attack on Iran oil or nuclear facility at least before US election in Nov’24; gold also slips Oil s...

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7
Oct

In the week ahead: FOMC meeting minutes, U.S. Core CPI,...

The dollar was up against most of its major peers on Friday, with the dollar index (USDX) adding another 0.50%, buoyed by a U.S. jobs report that showed the biggest jump in jobs in...

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US stocks wobbled on upbeat job report and Gaza war tensions

US stocks wobbled on upbeat job report and Gaza war ten...

·         On Friday, Wall Street surged on the fading concern of a hard landing amid a blockbuster US job report for Sep’24 ·         Fed may not cut in Nov’24 and may cut 25 or 50...

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4
Oct

U.S. Non-Farm Payrolls, Unemployment Rate, Average Hour...

The dollar was up for yet another session on Thursday, with the dollar index (USDX) adding another 0.33%, buoyed by geopolitical concerns that increase dollar demand, due to its sa...

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Dow slips on escalating Mid-East tensions; Gold, oil surged

Dow slips on escalating Mid-East tensions; Gold, oil su...

·         Overall, JOLTS and ADP payroll job data indicated that NFP payroll data may come better than +150K market expectations ·         Wall Street is also under stress on hotte...

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3
Oct

U.S. Jobless Claims, ISM Services PMI, Factory Orders

The dollar gained ground versus most of its major peers on Wednesday, hitting three-week highs against the euro, with the dollar index (USDX) up by 0.45%, buoyed by positive US job...

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Copper soared on synchronized China and global stimulus boost

Copper soared on synchronized China and global stimulus...

·         Growing EV and RE adoption on both sides of the Atlantic-as-well-as Pacific (US-Europe-China) and infra boost in China and India boosting Copper ·         China’s recent ...

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2
Oct

Iran-Israel Conflict Escalates, ADP Non-Farm Employment...

The US currency traded higher against most of its major peers on Tuesday, with the US dollar index up by 0.44% and recovering from multi-month lows. The move came amidst escalating...

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Wall Street slips on less dovish Powell talks and ME tensions

Wall Street slips on less dovish Powell talks and ME te...

·         Powell almost made it clear unless there is an unusual surge in the unemployment rate, the Fed may pause in Nov and cut 25 bps in Dec’24 ·         An all-out war-like sit...

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Nifty slips from synchronized global easing high led by banks

Nifty slips from synchronized global easing high led by...

·         At around 26200 Nifty and TTM EPS (Q1FY25) INR 873, the TTM PE is now above 30, which is historically a bubble zone ·         Due to lower/fair valuation, FPIs may now al...

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30
Sep

In the week ahead: Eurozone Core CPI, Non-Farm Payrolls...

The dollar fell against most of its major peers on Friday, with the dollar index (USDX) down by around 0.2% following the release of the PCE price index, the Fed's favorite gauge o...

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Dow slip from China boost as US core PCE disinflation stalled

Dow slip from China boost as US core PCE disinflation s...

·         The projected Fed rate cut of 50 bps in Dec’24 may not be assured as the US core disinflation pace may have stalled in Q3CY24; Fed may cut 25 bps ·         If US unemploy...

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27
Sep

U.S. Core PCE Price Index, Canada GDP, Revised UoM Cons...

The US currency traded moderately lower against most of its major peers on Thursday, with the US dollar index down 0.34% and headed to recent multi-month lows. The move came as US ...

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26
Sep

U.S. Final GDP & Durable Goods Orders, Fed Chairman Pow...

The US currency gained sharply against most of its major peers on Wednesday, with the US dollar index recovering from lows last seen in July 2023. Investors will most likely look t...

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25
Sep

U.S. New Home Sales, EIA Crude Oil Inventories, FOMC Me...

The US currency remains under pressure from the recent 50bps Federal Reserve rate cut, with the US dollar index down 0.6% on Tuesday to reach levels last seen in July 2023. The mov...

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