Weekly market update 26 December -Dollar retreated from December’s highs heading into the holidays, risk-on mood could set the tone stepping into 2022 1. The Dollar was set for its worst week since August. Weakness of the dollar against equities, bond yields and risk sensitive
Weekly market update 19 December – Dollar extended its climb supported by a hawkish Fed, monetary policy outlook divergence persists between ECB and major central banks 1. The U.S. Dollar strengthened against other major currencies towards a 3-week high of 96.87, as investors flocked towards
2021 December Outlook for G7 Currencies Dollar Currency Index: Bearish below 96.840 S1 S2 R1 R2 94.620 – 96.840 98.000 DXY Fundamentals Bullish dollar: The emergence of the omicron variant, as well as the recent underwhelming Nonfarm payroll data, gives strength to the dollar as
Weekly market update 12 December – Dollar fluctuated ahead of FOMC meeting, RBA and BoC left rates unchanged 1. The Dollar Index pared recent gains to trade at 96 on Friday, as investors await the FOMC meeting, with expectations for the Fed to accelerate the
Weekly market update 06 December – Dollar pared recent gains as Nonfarm Payrolls disappoint, BoC and RBA monetary policy in focus next week 1. The U.S. Dollar Index dipped below 96 before the week closed on Friday, as investors digested unemployment data from the nonfarm
Weekly market update 14 November – Dollar extended its rally, RBA’s monetary policy meeting minutes in focus next week 1. The Dollar pared gains to close the week at around 94.3 after the first week of November, following a stronger-than-expected jobs data performance from the
Weekly market update 07 November – Dollar pared gains after Non-Farm Payrolls topped market forecasts, Bank of England surprised investors by leaving interest rates unchanged 1. The Dollar pared gains to close the week at around 94.3 after the first week of November, following a
2021 November Outlook for G7 Currencies Dollar Currency Index: Bullish above 93.500 The DXY is showing bullish momentum on the daily time frame, as prices continue to hold above both the Ichimoku cloud and ascending trendline support. Stochastics is also approaching the support level at
Weekly market update 31 October – Dollar rebounded with positive economic data, investors look forward to Fed policy meeting next week 1. The Dollar edged higher to 94.2, nearing its one year high of 94.6, supported by bets that rising inflationary pressure will force central