The Dow Jones Industrial Average (DJIA) caught a healthy rebound on Friday, climbing over 700 points to round out an otherwise bearish trading week.
The US Dollar (USD) remains amid firm weak risk appetite but the JPY is outperforming on the session, reflecting a ratcheting up of intervention rhetoric as Finance Minister Katayama warned of 'appropriate action' being taken against disorderly FX moves.
The US jobs report for way back in September was certainly better than expected with the headline NFP stronger than the consensus.
US stocks sold off yesterday after a strong Nvidia-fueled open. That’s a sign of a frothy market where investors sell into strength, not chasing it. Treasury yields slipped across the curve as a December Fed funds rate cut remains in play despite September’s jobs gain overshoot.
The US Dollar (USD) remained nearly unchanged at 100.2 after mixed U.S. jobs data, as investors turn their focus to the Fed and the upcoming holiday-shortened trading week, DBS' Senior FX Strategist Philip Wee notes.
US Dollar (USD) traded a touch firmer on release of delayed Sep jobs report. DXY was last at 100.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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 near 100.15 during the Asian trading hours on Friday. The mixed delayed US jobs data failed to provide clarity on interest rates.
The Dow Jones started Thursday off on a high note. The major equity index soared 725 points in the early hours before promptly reversing course at 1545 GMT (1045 EST) and sinking over 1,100 points top-to-bottom, hitting a five-week low of 45,732 in the process.
The US Dollar (USD) solid push higher yesterday has stalled on the face of it so far today. The major currencies are narrowly mixed against the USD, with high beta/ commodity FX gaining modestly while the core majors (JPY, EUR, CHF) edge a little lower.
The US Dollar is trading higher across the board on Thursday as investors pare back bets of a Fed interest rate cut in December.
US Dollar (USD) has powered above its 200-day moving average as Fed funds futures slashed rate cut bets. The US employment data void and hawkish FOMC October meeting minutes led markets to reduce odds of a December 25bps rate cut by more than 15pts to as low as 27%.
Stock markets cleared the key hurdle of Nvidia's earnings release yesterday. While the S&P500 is still down in November as valuation concerns are seemingly on the rise, yesterday's strong earnings are offering relief to global risk sentiment and helping the high-beta G10 segment stabilise.
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.