Strong US Retail Sales will only add to bid Dollar tone – ING
Source Fxstreet
US Dollar Index refreshes five-month highs. Economists at ING analyze Greenback’s outlook ahead of the US Retail Sales report.
DXY to extend gains to the 104.00/104.25 area
A combination of weakish China data and a pushback by both ECB and Fed officials against early easing is weighing on risk sentiment and supporting the Dollar.
It is hard to see that sentiment changing today should US December Retail Sales come in on the strong side.
It was not our baseline call on Tuesday, but the US Dollar Index (DXY) did break resistance around 103.10/103.15 (now support) and the upside bias to US rates and a mixed risk environment warns of DXY extending to the 104.00/104.25 area.
See – US Retail Sales Preview: Forecasts from nine major banks, consumers continued spending in December
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Cryptocurrencies plunge again as Warsh emerges as a possible candidate for Fed Chair and the U.S. SEC delays the release of crypto innovation waiver measures.On Friday (January 30), the c
WTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit lossesWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.00 during the early European trading hours on Friday. The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.00 during the early European trading hours on Friday. The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price.
Poland, Kazakhstan, Brazil increase Gold holdings despite high pricesGold investment demand hit 2,175 tonnes in 2025, wiping the floor with the 863 tonnes bought by central banks. That’s not a small gap. That’s central banks getting outpaced by retail and institutional investors nearly 3 to 1. And it wasn’t because they didn’t want gold, it’s because prices kept spiking all year. Every time […]
Gold investment demand hit 2,175 tonnes in 2025, wiping the floor with the 863 tonnes bought by central banks. That’s not a small gap. That’s central banks getting outpaced by retail and institutional investors nearly 3 to 1. And it wasn’t because they didn’t want gold, it’s because prices kept spiking all year. Every time […]
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP deepen sell-off as bears take control of momentumBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.
The scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)
Related Instrument
