USD Riding High
The US dollar is ending the week on a much better note than it started. Stronger than expected data yesterday (retail sales & Philly Fed both better beat) has helped lift the dollar into the end of the week. USD index… Read More
USD Selling Off On Data Dump
The US dollar has been a little lower over the European morning on Thursday. Following some weakness in the monthly CPI reading earlier in the week, yesterday, PPI was also lower than expected last month.… Read More
Crude Inventories Rise
The latest data from the Energy Information Administration showed an unexpected decrease in US crude stores. Over the week ending January 10th, US crude inventories were lower by 2.5 million barrels.
This… Read More
USD Mixed Following CPI Miss
The US dollar has started the day with a mixed tone. The USD index has now spent the week consolidating just below the recent 97.26 highs. US inflation data released yesterday was a little lackluster with… Read More
Equity markets rose to post new highs on Friday. The Dow Jones index briefly broke the 29,000-mark before pulling back. Despite this, all major equity indices closed positive on the week.
The payrolls report for December was soft. The… Read More
USD Higher Ahead of NFP
The US dollar has ended the week firmly higher as a string of better data has lifted sentiment. The ISM non-manufacturing reading came in well above expectations, followed by a stronger than expected ADP print which… Read More
The US Dollar has continued its rally over the European morning on Thursday with the USD index trading up to 97.05. Yesterday, the ADP employment reading came in well above expectations at 202k vs 160k expected, fuelling… Read More
Crude prices have moved sharply lower into the back end of the week following the latest report from the Energy Information Administration.
Despite the API reporting a large build in US crude stores, the EIA showed that… Read More
The US dollar has been on a stronger footing again today. Following a small retracement lower in the index overnight, price is now trading back up to yesterday’s highs, printing 96.73 last. A stronger than expected ISM… Read More
USD Trying to Recover
The US dollar has traded just below flat over the European morning on Tuesday. However, the index is up off the week’s lows, trading 96.41 last. Looking ahead to today, traders are waiting on the release of the ISM… Read More