FXTM information and reviews
FXTM
95%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
Libertex information and reviews
Libertex
91%
HFM information and reviews
HFM
89%

Dollar back on the front foot


22 August 2022 Written by Stuart Cowell  HF Markets Head Market Analyst Stuart Cowell

USDIndex pushed higher again in early trades this week touching 108.20; and still holds 108.00, Yields rallied on Friday with the 10yr within a smidge of 3%, with the yield curve still significantly (40+bp) inverted. Stocks moved lower into close on Friday  (NASDAQ -2.10% & -2.6% for the week) but it was on a very low volume (10 million). S&P500  -1.2% for the week and +16% from June lows. Asian markets followed through too, (Hang Seng –0.14%, Nikkei -0.55%) and European futs are lower. Oil & Gold down to start the week, following poor runs last week. BTC tanked on Friday and trades at 21.4k now. Fed’s Barkin “a lot of time before September 21”. 

Overnight – China cuts interest rates : 1 year (loans) 3.65% (from 3.7%) & 5 year (Mortgagees) 4.30% (from 4.45%), Yuan slips. “The crisis in real estate is deepening and threatening a much deeper slowdown in China’s economy,” – Action Economics.

Week Ahead – Jackson Hole 25-27, Global PMIs from 23/8, US Durable Goods  24/8, US 7 German  GDP 25/8 & US PCE 26/8.

Today – UK CBI Trends & US National Activity Index Earnings from Zoom. Biggest FX Mover @ (06:30 GMT) NZDCAD (+0.64%). Continues recovery from Friday’s low at 0.8010 to over 0.8060 now.  MAs aligning higher,  MACD histogram negative but  signal line rising, RSI 55.96 & rising, H1 ATR 0.00125, Daily ATR 0.01520.

#source

Share: Tweet this or Share on Facebook


Related

Is Visa the reliably volatile stock every trader is looking for?
Is Visa the reliably volatile stock every trader is looking for?

Visa Inc, headquartered in the US, is one of the world's most valuable companies. Visa's global network processes over 100 billion transactions per year...

8 Dec 2022

Sprott Gold Miners ETF (SGDM): What You Need To Know
Sprott Gold Miners ETF (SGDM): What You Need To Know

Gold mining indices have become increasingly popular because they offer a unique way to invest in gold. However, you should consider a few factors before investing in gold or gold miners...

7 Dec 2022

Has The Santa Claus Rally Come Earlier?
Has The Santa Claus Rally Come Earlier?

The Santa Claus rally is used to describe the continuous increase in in the stock market. This phenomenon usually occurs in the week leading up to Christmas, 25th December...

6 Dec 2022

Sprott Gold Miners ETF (SGDM): What You Need To Know
Sprott Gold Miners ETF (SGDM): What You Need To Know

Gold mining indices have become increasingly popular because they offer a unique way to invest in gold. However, you should consider a few factors before investing in gold or gold miners...

5 Dec 2022

FIFA World Cup Trading 2022: How It Correlate With The Stock Market
FIFA World Cup Trading 2022: How It Correlate With The Stock Market

The 2022 Soccer World Cup in Qatar has just kicked off and is guaranteed to be the sole focus of attention for millions of people around the world for its four-week duration...

2 Dec 2022

Dollar dominance drags on as Europe edges towards recession
Dollar dominance drags on as Europe edges towards recession

Headlines were made when the value of one euro fell below that of one US dollar back in September of this year. That key technical and psychological level...

2 Dec 2022


Editors' Picks

FXCM information and reviews
FXCM
87%
ActivTrades information and reviews
ActivTrades
86%
RoboForex information and reviews
RoboForex
85%
MultiBank Group information and reviews
MultiBank Group
84%
FxPro information and reviews
FxPro
83%
Vantage information and reviews
Vantage
83%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.