The Dow Jones Industrial Average (DJIA) found some room to move higher on Tuesday, despite a general malaise setting into other major stock indexes as the AI tech rally continues to sputter.
The US Senate passed a bill to end the government shutdown yesterday. The House will vote in the next couple of days, and while a majority isn’t fully guaranteed, expectations are that the bill will pass, ING's FX analyst Francesco Pesole notes.
While the financial markets were almost in a 'celebratory mood' in view of the looming end of the US government shutdown, EUR/USD remained flat yesterday. The price moved within a narrow range around the 1.1550 mark.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, holds steady above mid-99.00s through the Asian session on Tuesday, though it lacks bullish conviction.
The Dow Jones Industrial Average (DJIA) steadies its grip on Monday, starting the new trading week holding near the 47,000 major handle.
The US Dollar (USD) is starting the new week out on a mixed note. News of a potential breakthrough in government shutdown negotiations in the Senate has lifted risk appetite and boosted stocks, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) traded mixed this morning, with gains seen vs. low yielding major FX while losses were seen vs. risk-proxy FX, including AUD, KRW. DXY was last at 99.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Dow Jones futures gain 0.18% to trade above 47,150 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 gained by 0.70% and 1.24%, with trading around 6,800 and 25,450, respectively.
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 99.65 during the Asian trading hours on Monday. The DXY edges higher amid hopes that the US government shutdown may end soon.
The Dow Jones Industrial Average (DJIA) took another leg lower on Friday, testing below the 46,800 level for the first time in almost three weeks as an AI stock pullback and withering consumer survey results drag down both sides of the investment-consumption equation.
US Dollar (USD) retraced some of yesterday’s losses and stock markets stabilized after selling off yesterday. USD will struggle to gain more upside traction as it’s trading above the level implied by US-G6 2-year bond yield spreads.
Having been bid for a week, the dollar finally softened yesterday. The catalyst appeared to be some Challenger layoff data and also some alternative data suggesting October's NFP report, which we were meant to see today, should have fallen by 9k, ING's FX analyst Chris Turner notes.
Sentiment regarding the US Dollar (USD) brightened significantly. As yesterday's events showed, this positive sentiment proved to be extremely fragile. An outplacement company reported unusually high layoffs last month.
US Dollar (USD) slipped further overnight, in line with our earlier technical caution – that we were monitoring for signs that the USD rebound has turned its course. Indeed, the runup failed to break above 200dma and turned lower.
The US Dollar trims losses on Friday with investors wary of risk following another sell-off on Wall Street, as concerns of an AI bubble remain alive.
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday. Moreover, the S&P 500 futures and Nasdaq 100 gained by 0.25% and 0.33%, with trading around 6,760 and 25,300, respectively.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is rebounding after losing nearly 0.5% in the previous session and trading around 99.80 during the Asian hours on Friday.
The US Dollar (USD) added to Wednesday’s small correction, slipping back to multi-day lows in the context of a widespread recovery in the risk-associated galaxy. In the meantime, the US federal government shutdown extended further, hitting a record with still no solution in sight.
The Dow Jones Industrial Average (DJIA) tumbled 400 points on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks.
USD retraced some of its recent gains after testing resistance at the 200-day moving average. No policy-relevant data will be released today but a full slate of Fed speakers could generate some market volatility (Williams, Barr, Hammack, Waller, Paulson, and Musalem), BBH FX analysts report.
US Dollar (USD) slipped this morning, taking cues from slight recovery in risk sentiments. DXY last at 100 levels. Overnight, US data – ADP employment, ISM services - came in better than expected, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.18% lower to near 100.00 during the European trading session on Thursday.
Dow Jones futures fall 0.11% to trade below 47,400 during European hours ahead of the opening of the United States (US) regular session on Thursday. Moreover, the S&P 500 futures and Nasdaq 100 declined by 0.14% and 0.24%, with trading around 6,820 and 25,700, respectively.
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 negative note around 100.05 during the Asian trading hours on Thursday.
The Dow Jones Industrial Average (DJIA) crimped bearish flows on Wednesday, finding a near-term foothold near the 47,200 level and rising 300 points as equity markets recover following an early-week plunge in the heavily concentrated AI and tech infrastructure segments.
The US Dollar (USD) is trading narrowly mixed against its major currency peers this morning. Risk sentiment retains a soft undertone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) continues to grind higher, nearing its 200-day moving average. Global stock markets are still under pressure, but the losses are more limited than yesterday, BBH FX analysts report.
The US Dollar (USD) advanced to levels above 100 in Dollar Index (DXY) yesterday and EUR/USD broke below the 1.1500-level although the technical breaches of these levels has not as yet triggered any increased momentum for buying.
The Dollar Index (DXY) rebound to late-July’s 100 level reflects a confluence of near-term supporting factors – Fed Chair Jerome Powell’s pushback on a December rate cut amid tight funding conditions and haven demand as the US government shutdown enters its second month, DBS' Senior FX Strategist Ph
Dow Jones Index futures are showing minor gains during Wednesday’s European morning session as market sentiment remains fragile on concerns about an overvaluation of tech stocks, as markets reassess their expectations of monetary easing by the Federal Reserve.The main Wall Street Indexes are set to