DXY

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US Core PCE comes in stronger than expected; US Dollar bid

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

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February 24, 2023 04:08 PM
Currency prices

European Open: The dollar remains supreme amidst hawkish Fed speak

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.

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February 17, 2023 05:38 AM
downtrend chart

US CPI hotter than expected, but still lower than December

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

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February 14, 2023 03:45 PM

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Research

Markets in holding pattern as traders eye US CPI

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

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February 13, 2023 01:35 PM
Research

European Open: The dollar rally loses steam, US economic data picks up pace

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

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February 8, 2023 04:49 AM
Research

Dollar extends rally

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

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February 6, 2023 12:00 PM
Federal reserve building close-up

FOMC hikes 25bps, as expected. More rate hikes to come?

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

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February 1, 2023 09:21 PM
downtrend chart

Philly Fed better than expected, but still negative

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

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January 19, 2023 05:33 PM
Yen, Euros and dollar currency bills and notes

US Dollar Fake out?

USD/CHF has a strong correlation with the DXY. Therefore, if one wishes to trade a currency pair rather then the US Dollar Index, USD/CHF could be a good choice!

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January 9, 2023 09:06 PM
"Newspaper snippet of jobs board"

Average Hourly Earnings steals thunder in NFP jobs data

Markets are focusing on the Average Hourly Earnings data for December, which was lower than expected. But will the Fed see it as dovish as the markets?

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January 6, 2023 04:13 PM
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FOMC Minutes: Inflation is still main risk

Despite the hawkishness of the FOMC Minutes, the US Dollar barely budged while stock markets sold off

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January 4, 2023 08:32 PM
Close-up of bank notes in different currencies

US Dollar starts the new year off with a bang!

As long as the strong correlation holds between the DXY and USD/CHF, if the DXY continues higher, USD/CHF should move higher with it.

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January 3, 2023 08:39 PM
Gold nuggets

What’s next for the highly correlated assets of Gold and DXY?

As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY.

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December 1, 2022 08:28 PM
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November 30, 2022 09:01 PM
Yen, Euros and dollar currency bills and notes

FOMC Minutes show Fed hiking rates at a slower pace

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.

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November 23, 2022 08:41 PM
Research

European Open: USD to regain strength after hawkish Fed comments?

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.

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November 18, 2022 04:49 AM
Close-up of market chart

Philly Fed continues to fall; US Dollar doesn’t seem concerned

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

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November 17, 2022 05:32 PM

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Board of currencies

USD/PLN continues lower as nerves settle down

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

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November 16, 2022 09:42 PM
Research

Will US inflation be the next ‘hot beat’ on the dance floor?

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’.

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November 10, 2022 01:00 AM
Gold trading

Gold shines bright amid the US Dollar and crypto sell off

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

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November 9, 2022 04:23 PM
Apply now highlighted in newspaper

Non-Farm Payrolls beat. It’s all going according to the Fed’s plan!

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

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November 4, 2022 03:24 PM
Yen, Euros and dollar currency bills and notes

Bad day for US Data sends US Dollar plunging

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

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October 25, 2022 08:03 PM
Yen, Euros and dollar currency bills and notes

Bad day for US Data sends US Dollar plunging

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

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October 25, 2022 08:03 PM