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About: shmarkets
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02 August 2022 – Gold And Oil; Volatility In The Driver Seat
U.S. Dollar Index (USDX) The U.S. dollar index was volatile after data showed U.S. manufacturing activity slowed less than expected in July. Last week, the Fed raised the benchmark overnight interest rate by three-quarters of a percentage point. The move came on top of a 75 basis points hike last month and smaller moves inContinue Reading
01 August 2022 – Recessionary Tension Rises
U.S. Dollar Index (USDX) The dollar sank on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S. economy at risk of recession. Meanwhile, the dollar index edged down 0.18% to 105.80, slipping back toward Friday’s low of 105.53, a level not seen since July 5. Technically,Continue Reading
29 July 2022 – U.S. GDP Declines for the Second Consecutive Quarter
U.S. Dollar Index (USDX) U.S. second-quarter gross domestic product (GDP) contracted at a 0.9% annualized rate, which followed a first-quarter contraction of 1.6%. Meanwhile, some market experts expect the Fed to slow its pace of rate hikes to half a point at the next meeting in September. The dollar index edged 0.03% higher to 106.25Continue Reading
28 July 2022 – Fed Hikes Rates; U.S. Dollar Falls And Gold Recovers
U.S. Dollar Index (USDX) The dollar lost ground on Thursday as market participants reflected the expected hike of 75 bp. Additionally, markets are bracing for another hike as Fed’s statement hinted. Meanwhile, the dollar index dropped by 0.31% to 106.12, hovering just above its lowest mark since July 5. The moves come after the FedContinue Reading
27 July 2022 – FOMC Statement Due Today; Markets Embrace For The Hike
U.S. Dollar Index (USDX) The dollar index was down by 0.14% at 107.04 on Wednesday, as traders gear up for a crucial Federal Reserve policy decision scheduled for later in the day. Investors are waiting to see the extent the U.S. central bank will go to combat inflation, as concerns remain that aggressive Fed rateContinue Reading
