Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
US Dollar Index: Downside bias within defined range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes that the USD Index bias has shifted to the downside after failing to break above the weekly Ichimoku cloud and instead plunging below the 55-week EMA.
US Dollar: NFP and inflation mix complicate Fed path – BNY
BNY strategists John Velis and David Tam highlight the July Nonfarm Payrolls (NFP) report and upcoming Consumer Price Index (CPI) releases as key inputs for the Fed. They see consensus around 80,000 jobs, with a breakeven near 50,000 to keep unemployment steady.
US Dollar: Solid manufacturing and JOLTs in focus – Danske Bank
Danske Research Team underscores strong United States (US) cyclical signals, with the ISM manufacturing index rising to 55.6 in July, beating expectations and June’s reading. New orders, employment and production all improved, while prices moderated.
Dow Jones futures tick higher as easing Middle East tensions boost market sentiment
Dow Jones futures rise 0.17% to trade around 53,430 during European hours on Tuesday. Meanwhile, S&P 500 futures gain 0.23% to trade near 7,650, while Nasdaq 100 futures advance 0.68%, trading near 29,090.
United States Dollar holds gains amid Middle East uncertainty, hawkish Fed odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 100.00 during the European session on Tuesday.
US Dollar: Warsh tactics cloud Fed path – Commerzbank
Commerzbank’s Antje Praefcke discusses how new Fed Chair Warsh may be relying on markets to tighten financing conditions instead of raising rates, leaving the Dollar exposed to data-driven volatility.
USD/JPY Price Forecast: A short-term respite likely to near 160.00
The Japanese Yen (JPY) trades lower against its major currency peers on Tuesday after a rare juggernaut outperformance in the last few trading days. In the Asian session, the Japanese currency is down 0.25% to near 157.60 against the US Dollar (USD).
United States Dollar Index (DXY) steadies around 100.00 as US-Iran tensions lend support
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick and currently trades around the 100.00 psychological mark, nearly unchanged for the day.
Fed's Warsh weighs cutting regular FOMC meetings to six from eight a year
Federal Reserve (Fed) Chair Kevin Warsh is reportedly weighing whether the US central bank should hold fewer policy meetings each year, according to the New York Times, citing four people familiar with the matter.
Trump: This is a last chance for Iran
United States (US) President Donald Trump said on Monday that Washington is currently holding talks with Iran, adding that the discussions are taking place at Tehran's request and describing them as a final opportunity for the Islamic Republic.
United States Dollar Index rebounds toward 100 amid US-Iran, Fed uncertainty
The US Dollar Index (DXY) stages a modest comeback on Monday as stronger-than-expected US manufacturing Purchasing Managers Index (PMI) data and uncertainty over US-Iran talks help the Greenback stabilize following last week’s sell-off, triggered by joint intervention from Washington and Tokyo to su
Euro pares gains as traders seek clarity on US-Iran talks, Fed monetary policy
EUR/USD trades in a narrow range on Monday as traders await clarity on US-Iran negotiations, while signs of stabilization in the US Dollar following the recent intervention-led weakness cap the Euro’s upside.
US Dollar: August weakness seen persisting – DBS
DBS Group Research economist Philip Wee argues that the Dollar’s outlook in August is weak after a sharp stumble at the end of July.