The US Dollar Index (DXY) has gained ground as traders react to the latest ISM Manufacturing PMI report. The report showed an improvement in the PMI, rising from 46.7 in November to 47.4 in December. This positive data has provided support to the US dollar, pushing it higher against other major currencies. If the US
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The US dollar saw a significant rally during Tuesday’s trading session, breaking above the 142 yen level. This movement has sparked hope among traders, suggesting a potential resurgence for the struggling currency. However, there are still hurdles to overcome before the dollar can fully recover. To solidify its upward trajectory, the USD needs to break
The UK manufacturing sector, which contributes less than 30% to the UK economy, holds significant importance in determining the state of the national economy. Recent signs of a deteriorating sector align with expectations of a UK recession. However, a closer look at the sub-components of the sector provides valuable insights for investors. Prices, Employment, and
The manufacturing sector plays a crucial role in the overall economic performance of the Eurozone. Although it contributes less than 40% to the region’s economy, any negative trends in this sector can have significant implications. This article examines the recent developments in the manufacturing sector and analyzes the potential impact on inflation, interest rates, and
China’s significant role in the Australian economy has been a topic of concern for many economists and investors. With China accounting for one-third of Australian exports, any drop in demand from China will undoubtedly have a significant impact on the Australian economy and the value of the Aussie dollar. In this article, we will analyze
The European and US markets are facing a critical week ahead due to various economic indicators and events that could potentially impact the central bank’s rate cut expectations. Factors such as manufacturing activity, inflation, and the labor market play a significant role in shaping the monetary policy outlook. This article will analyze the upcoming data
The year 2023 was marked by mixed performance for the US Dollar Index (DXY), which experienced periods of rangebound trading. While it enjoyed some bullishness early in the year, crossing to the weakside of the 200-day moving average later caused a shift towards bearishness as the year came to an end. In this article, we
As we look ahead to the year 2024, traders in the foreign exchange market are bracing themselves for a more dovish stance from the Federal Reserve (Fed). This shift in sentiment has been fueled by the central bank’s recent rhetoric, with a particular focus on potential rate cuts in the first half of the year.
The current question on everyone’s mind is whether Federal Reserve Chair Jerome Powell is giving into the demands of Wall Street or if he sees something alarming on the horizon. The answer to this question could shape the course of the U.S. economy in 2023. Let’s delve into the two possible scenarios that may unfold.
The U.S. Dollar Index has shown little movement following the release of the Chicago PMI report. According to the report, the index declined from 55.8 in November to 46.9 in December. Despite this significant drop, the U.S. Dollar Index has not shown any major reaction. Traders are closely monitoring the index’s movement, particularly if it
The beginning of the year was tough for the Australian dollar, as it struggled to gain strength against major currencies. It encountered a significant hurdle at the 0.7150 region, where the 200-Week EMA loomed large. This resistance proved insurmountable, especially as the Federal Reserve began tightening its monetary policy. It’s no surprise that the US
One of the critical factors that will significantly impact the price structure of gold over the next three years is the monetary policy of the Federal Reserve. The shift from quantitative tightening to quantitative easing, combined with anticipated rate cuts, creates a favorable environment for a dynamic rally in gold. In 2024, the Federal Reserve