News
Dow Jones futures advance 0.62% to trade near 46,500 during European hours on Thursday, ahead of the United States (US) market open. The S&P 500 futures and Nasdaq 100 futures are also higher, rising 1.29% and 1.78% to around 6,750 and 25,150, respectively, at the time of writing.
Today, markets will finally see US labor market data again. The foreign exchange market will certainly be looking very closely at the figures and all the details to find clues about the state of the US labor market and the implications for the Fed, Commerzbank's FX analyst Volkmar Baur notes.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth successive session and trading around 100.30 during the Asian hours on Thursday.
The Dow Jones Industrial Average (DJIA) struggled to hold next to flat on Wednesday, mired in a downside trajectory near the 46,000 major price handle.
The US Dollar (USD) is trading firmer on the session, reflecting the ongoing consolidation in markets amid a dearth of news and focus on upcoming event risk.
US Dollar (USD) is firmer near its 200-day moving average. US equity futures are treading water ahead of today’s Nvidia quarterly report. Nvidia’s earnings are viewed as a key barometer of the AI boom, BBH FX analysts report.
The US Dollar (USD) has become increasingly sensitive to the intra-day moves in US equity markets underlining the increased investor concerns over tech/AI valuations and the potential for a year-end sell-off as risk is reduced.
Risk assets continue to trade on the fragile side. The epicentre here is the US.
Dow Jones futures edge up 0.04% to trade near 46,200 during European hours on Wednesday, ahead of the United States (US) market open. The S&P 500 futures and Nasdaq 100 futures are also slightly higher, rising 0.09% and 0.06% to around 6,650 and 24,600, respectively, at the time of writing.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades with mild gains around 99.60 during the Asian session on Tuesday. Traders might prefer to wait on the sidelines ahead of the FOMC Minutes on Wednesday.
The Dow Jones Industrial Average faced renewed downside pressure on Tuesday, tumbling 680 points from the previous day’s close at its lowest before finding a half-hearted technical floor near 46,255.
United States (US) President Donald Trump spoke at an interview in the Oval Office in the White House on Tuesday.
US Dollar (USD) is holding on to most of yesterday’s gains. Global stocks are selling off with futures pointing to further losses for US equity markets.
The risk-off environment at the start of the week is prompting a return of safe-haven demand for the dollar, ING's FX analyst Francesco Pesole notes.
The US government is gradually rolling back its punitive tariffs. The realization that they do more harm than good came late, but it came nonetheless. Does this mean that economic reason will prevail in the end? One can only hope so.
Dow Jones futures decline 0.30% to trade below 46,550 during European hours ahead of the opening of the United States (US) regular session on Tuesday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note around 99.55 during the Asian session on Tuesday. The DXY steadies as traders brace for the long-awaited return of US economic data.
The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding around 270 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered.
The US Dollar (USD) is tracking a little higher overall in cautious trading. Markets are waiting for delayed US data on the one hand and more clues on the tech sector outlook on the other, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) recovered against most major currencies underpinned by an upward adjustment to US interest rate expectations.
Last week's dollar sell-off had indeed come a little too far, a little too fast, and Friday's bounce was understandable.
Dow Jones futures rise 0.18% to trade above 47,300 during European hours ahead of the opening of the United States (US) regular session on Monday. Moreover, the S&P 500 futures and Nasdaq 100 added 0.57% and 0.90%, with trading near 6,800 and 25,300, respectively.
The Dow Jones Industrial Average (DJIA) lagged behind its major index peers on Friday, backsliding nearly 600 points at its lowest before staging a half-hearted recovery, trimming the day’s losses to around 250 points.
It’s not unusual for the highly efficient FX market to be more forward-looking than other asset classes. In this case, it appears that the US Dollar (USDD) is embedding the narrative that the US reopening will lead to softer data and a dovish Fed repricing, ING's FX analyst Francesco Pesole notes.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.15 during the Asian trading hours on Friday.
The Dow Jones Industrial Average (DJIA) took a sharp step back on Thursday, declining around 500 points at its lowest and falling away from record highs posted during the midweek market session.
The US Dollar (USD) is broadly weaker in response the end of the US government shutdown, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar is the worst-performing G7 currency on Thursday.
The end of the US government shutdown brings little immediate relief to FX markets, as key October data releases like payrolls and CPI are unlikely to appear soon.
Regular readers of our Daily Currency Briefing will already be familiar with one of my favorited charts, which illustrates market-based inflation expectations. Over the summer, I often wondered when we would see a decline in short-term expectations, i.e. those in one year's time.
