Tag Archives: DollarIndex

Don’t get too far ahead of the story

The most important development in foreign exchange probably took place in the interest rate market last week. A series of disappointing US economic data and the Fed’s “unconditional” commitment to rein in inflation have heightened concerns that economic weakness will limit the Fed’s ability to hike rates.  Specifically, for the first …

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USD/NOK – Dollar remains strong

We have been pretty bullish on the Dollar throughout the year and I believe Dollar has more strength to come. Recently, we recently posted a trade idea on USDNOK as we saw the market was correcting in a 3 or 7 swing structure and we took advantage of this. Lets …

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Bulls regain control and target 105.00, focus on Powell

DXY picks up pace and flirts with 105.00. US yields correct lower across the curve on Wednesday. Chief Powell’s testimony will be the salient event this week. The greenback, in terms of the US Dollar Index (DXY), regains the smile and approaches to the 105.00 mark on Wednesday. US Dollar …

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Equities jump, dollar slips, and European yields drop

Overview: Stocks are rallying. Nearly all the large bourses in the Asia Pacific region rose with China being the noted exception. In Europe, the Stoxx 600 is up over 1% to post gains for the third consecutive session, the longest advance this month. US futures are up around 2% as they …

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