Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    A broader Dollar correction could have legs today – ING

    Source Fxstreet
    Jan 24, 2024 10:10

    The Dollar strengthened across the board on Tuesday with no clear catalyst. Economists at ING analyze the spurious USD rally.

    Dollar rebound to rebound sustainably once short-term Treasury yields take another leap higher

    We admit the Dollar jump was quite surprising, and without a clear catalyst, and therefore see room for the USD correction initiated overnight to extend today.

    We suspect that in an environment that keeps pricing large Fed cuts, USD rallies aren’t very sustainable. 

    We’ll be awaiting the next leap higher in short-term USD rates to endorse a Dollar rebound.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    US Dollar to stay bid for the next couple of weeks – INGFOMC January minutes showed no hurry to cut rates. Economists at ING analyze the US Dollar (USD) outlook after the event.
    Source  Fxstreet
    FOMC January minutes showed no hurry to cut rates. Economists at ING analyze the US Dollar (USD) outlook after the event.
    placeholder
    US Dollar languishes near multi-week low, looks to FOMC minutes for fresh impetusThe US Dollar (USD) remains under some selling pressure during the Asian session on Wednesday and trades near its lowest level in almost three weeks touched the previous day.
    Source  Fxstreet
    The US Dollar (USD) remains under some selling pressure during the Asian session on Wednesday and trades near its lowest level in almost three weeks touched the previous day.
    placeholder
    US Dollar trades neutral ahead of CPI dataThe US Dollar (USD) remains firmly positioned at 104.10, demonstrating stability ahead of key US data releases expected this week.
    Source  Fxstreet
    The US Dollar (USD) remains firmly positioned at 104.10, demonstrating stability ahead of key US data releases expected this week.
    goTop
    quote