Energies
Monthly Archives: August 2022
11 August 2022 – U.S. Inflation Data Boost Commodities
Written on August 11, 2022 at 8:11 am, by Designer
U.S. Dollar Index (USDX) The weak dollar was the clincher for those seeking advance in the market while the Dollar Index hit a one-month low of 104.51. The dollar tumbled after the Labour Department reported that the Consumer Price Index rose by 8.5% during the year to July versus a 9.1% annual expansion in JuneContinue Reading
10 August 2022 – Waiting for the CPI data
Written on August 10, 2022 at 8:05 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar index steadied on Wednesday as traders are waiting for a key U.S. report on inflation to provide hints to the Federal Reserve’s plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in JulyContinue Reading
09 August 2022 – Calm Day Before The CPI Data
Written on August 9, 2022 at 9:28 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar edged lower in early trades today, embracing a horizontal pattern ahead of the release of the key U.S. consumer inflation data. The Dollar Index traded 0.1% lower at 106.10, dropping further back from Friday’s peak of 106.93, the strongest level since July 28. Traders will be eying theContinue Reading
Monday’s Market Update
Written on August 8, 2022 at 1:52 pm, by Designer
The U.S. employment data was released on Friday with higher-than-expected figures, the non-farm numbers were expected to fall from 400,000 to 250,000 jobs, but the actual numbers were way over the expectations at 528,000 new jobs. Meanwhile, the unemployment rate declined from 3.6% to 3.5%. The U.S. dollar index held ground during the morning tradesContinue Reading
08 August 2022 – Further Tightening Is on the Horizon
Written on August 8, 2022 at 10:46 am, by Designer
U.S. Dollar Index (USDX) The dollar index stood at 106.77, while traders currently see a high probability the Fed will continue the pace of 75 basis-point interest-rate increases for its next policy decision on September 21. The focus this week will be on the U.S. consumer price index on Wednesday to see if it willContinue Reading
05 August 2022 – Same Volatility as Any Non-Farm Payroll Day
Written on August 5, 2022 at 8:56 am, by Designer
U.S. Dollar Index (USDX) The dollar inched higher on Friday but struggled to recoup its losses after falling by its sharpest pace in two weeks, as investors remained on tenterhooks ahead of U.S. jobs data and amid growing worries about a recession. The U.S. dollar index was up 0.15% to 105.86, after sliding 0.68% overnightContinue Reading
The Sterling Pound Falls Amid BOE Decision
Written on August 4, 2022 at 11:30 am, by Designer
The Bank of England decided to raise interest rates in the U.K. by 50 basis points in its bid to control inflation, but economists around the world agree that this move will take the British economy into a recession faster than expected and more severe. The British pound fell victim to the British Central Bank’sContinue Reading
04 August 2022 – WTI Falls Below $90 a Barrel
Written on August 4, 2022 at 7:43 am, by Designer
U.S. Dollar Index (USDX) The dollar index surged nearly 1% in the past two days after hawkish comments from two Federal Reserve members drove up expectations of sharper interest rate hikes this year. San Francisco Fed President Mary Daly and Chicago Fed President Charles Evans both signalled that inflation is yet to cool in theContinue Reading
03 August 2022 – Between Chinese Conflict and Fed Statement; Gold Gold Volatility Rises
Written on August 3, 2022 at 8:56 am, by Designer
U.S. Dollar Index (USDX) The dollar stuck in choppy trade on Wednesday, after its biggest surge for weeks as Fed officials talked up the potential for further aggressive interest rate hikes. On Tuesday, Fed officials Mary Daly and Charles Evans signaled that they and their colleagues remain resolute and “completely united” over getting rates upContinue Reading
