DXY

With the US Core PCE for January hotter than expected, the US Dollar is continuing its recent rise.

Talk of a 50bp Fed hike in March saw the dollar extend its lead late in the US session, and maintain its trajectory during Asian trade.

With the next FOMC meeting not until March 22nd, the Fed will have plenty more inflation data to look at.

…once again the focus is going to be on inflation and central bank speech.

US economic data has outperformed expectations at an increasing rate, according to the City Economic Surprise Index (CESI)

That surprise 500-thousand-plus job gains we saw on Friday means the market may gravitate towards “higher for longer” narrative

Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on

If the data continues to be worse than expected, will the US Dollar continue to be uninfluenced by it?

Based on today’s FOMC Minutes it appears that the Fed wants to hike rates at a slower pace in December than it did in November.

The dollar caught a bid following hawkish comments from two Fed members late in the US session, which leaves the potential for a follow-through today.

US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy.

Once it was discovered that the missiles were from Ukraine anti-defense, USD/PLN quickly returned to prior levels.

Hopes are high that we’ll see core CPI data for the US soften slightly, but with the weaker dollar holding above key support it leaves room for gains with a slight ‘beat’.

Will Gold continue to move higher? It may depend on the selloff in the US Dollar.

With the stronger than expected payroll data, the Fed can continue to do as it pleases regarding “price stability”.

Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.

Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.