USD INDEX – narrow consolidation likely to precede fresh gains
The dollar index is holding near new five-week high in early Monday and keeping firm tone, following four consecutive weeks of gains (the index was up over 3% since mid-July).
Last week’s US inflation data showed fresh increase in…
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Market Tension and Central Bank Interest Rate Uncertainty
Financial markets are under tension, with a significant sense of confusion among traders and a divergence of opinions regarding the future steps of central banks in major economies. This unease has been particularly amplified following the…
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The markets are awaiting the US inflation data
The markets are awaiting the US inflation data, which will guide the US Federal Reserve's direction. Today, the Consumer Price Index (CPI) reading will be released from the United States.
While the Federal Reserve monitors the Personal…
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Chinese Economic Concerns Drag Down Stocks
Chinese economic concerns impact global financial markets, leading to decreased risk appetite, stock market declines, and rise of the US dollar.
Today, the dollar was sought as a safe-haven asset, resulting in an increase against a basket…
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Increased risk appetite with hopes for a halt in interest rate hikes
The new week began with increased risk appetite in the financial markets amid expectations that central banks are nearing the peak of interest rate hikes. Financial markets are eagerly awaiting data that could be very significant this week.…
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Strong US. Dollar awaiting important economic data and interest rate decision
A strong rise for the US dollar against a basket of major currencies, as it continues its gains for the third consecutive week, rising more than 1% over this week.
We witnessed a strong USD rise amid a state of anxiety prevailing in the…
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Credit rating downgrade for the United States and better-than-expected job data
The credit rating downgrade for the United States is one of the most significant events that occurred in the global financial markets in the past hours, causing fluctuations in the markets.
The rating agency, Fitch, announced a long-term…
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Strong U.S. economic growth supports the dollar, as anticipation for inflation data grows
Strong economic growth during the second quarter of this year, reaching a rate of 2.4% according to data released on Thursday, supported the dollar against a basket of currencies. The economic data released yesterday indicated an…
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EURUSD – bulls accelerate ahead of expected ECB rate hike
EURUSD accelerated higher on Thursday, gaining 0.6% in late Asian / European trading, lifted by expectations for 0.25% rate hike today and signals of possible another hike in September.
The ECB continues to face threats from high…
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Fed and ECB likely to remain on hawkish track as inflation is still well above targets
The US Federal Reserve raised interest rates by 25 basis points in its July policy meeting, in line with expectations and the European Central Bank is widely expected to deliver another 0.25% hike today, with both central banks pointing to…
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