Quick reading Bitcoin’s struggle to break through the $78,000 to $82,000 range is increasingly tied to macro pressure, not just technical resistance, as rising US Treasury yields tighten overall financial conditions. The rise in short-term yields to 4.09% is reinforcing tighter liquidity conditions, with markets increasingly pricing in delayed rate cuts and a sustained rise…
The dollar index (DXY00) rose +0.51% on Wednesday. The dollar today recovered from initial losses and rose after February producer prices in the United States rose more than expected, a hawkish factor for the Federal Reserve’s policy. Additionally, signs of escalation in the war with Iran sent stocks tumbling and boosted liquidity demand for the…
The Dollar Index (DXY00) has risen sharply by +1.29% to hit a 3.25-month high. The dollar is today extending Monday’s rally after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the possibility of additional rate cuts by the Federal Reserve, a supportive factor for the dollar. Market expectations for a Fed…
The S&P 500 Index ($SPX) (SPY) closed flat on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.13% and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. March E-mini S&P futures (ESH26) rose +0.01% and March E-mini Nasdaq futures (NQH26) rose +0.26%. Stock indexes closed mixed on Wednesday, with the S&P 500…
By David Ljunggren and Promit Mukherjee OTTAWA, Jan 28 (Reuters) – The threat to the independence of the U.S. Federal Reserve is increasing economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday, in her strongest comments yet on the Federal Reserve’s outlook. US President Donald Trump has repeatedly criticized Federal…
The dollar index (DXY00) rose +0.26% on Tuesday. The yen’s weakness is propping up the dollar, which fell to a 1-1/2-year low against the greenback on Tuesday. The dollar’s gains accelerated on Tuesday after U.S. new home sales in October fell less than expected and after St. Louis Federal Reserve President Alberto Musalem said the…
The Dollar Index (DXY00) is down -0.22% as underlying dollar bearish sentiment outweighed today’s better-than-expected US GDP report and lower chances of the Federal Reserve easing monetary policy. Markets have today reduced the odds of a -25bp rate cut from 20% to 13% at the next FOMC meeting on January 27-28. The dollar continues to…
The dollar index (DXY00) has risen +0.17% today. The dollar is rising today due to GBP/USD weakness after November consumer prices in the UK rose less than expected. Additionally, the yen’s weakness today is positive for the dollar as Japanese fiscal concerns weigh on the yen. The dollar retreated from its best level following dovish…
JERSEY CITY, New Jersey, Dec 15 (Reuters) – New York Federal Reserve President John Williams said on Monday that the U.S. central bank’s interest rate cut last week leaves it in a good position to deal with what lies ahead, adding that he sees inflation moderating amid a cooling labor market. “Monetary policy is well…
Gold futures opened Monday at $4,330 per troy ounce, nearly on par with Friday’s closing price of $4,328.30. The price of gold moved above $4,370 in early trading. After the long-awaited rate cut by the Federal Reserve last week, gold traders are eagerly awaiting the next rate action from the Federal Reserve. One complication (for…
