In theory, the direction of the moving average (higher, lower or flat) indicates the trend of the market. Many trading systems utilize moving averages as independent variables and market analysts frequently use moving averages to confirm technical breakouts. The chairman will deliver speeches which often can be followed live, where the current monetary stance and outlook is being communicated. A central bank will try to push forward its monetary policy without triggering violent swings in rates, equities, or its currency. All members of the central bank will channel their stance toward the markets in advance of a policy meeting event.

USD/CAD turns upside down on steady Canadian Retail Sales growth, US Dollar retraces

“While the Fed remains steadfastly data dependent, the dollar’s course as well remains focused on inflation and the Fed’s monetary response,” Krosby says. The dollar started to cool in the final quarter of 2022 as the Federal Reserve hammered rising inflation with interest rate increases. We also look at an exchange-traded fund whose value is directly linked to the dollar by tracking the U.S.

The US dollar is strengthening. Here’s what’s driving the rally and what it means for Americans

1. The BoJ rate-hike uncertainty, the upbeat market mood and elevated US bond yields cap the JPY.
2. New delayed trade updates are updated on the page as indicated by a “flash”.
3. Europe’s official statistics agency Thursday revised down its estimate of GDP growth for the 20 countries sharing the euro from 0.3% to 0.1% for the second quarter of this year.
4. In most of the major currency pairings, the U.S. dollar gained strength over the past 12 months.
5. In the past year, the Fed has raised interest rates eight times to a current target range of between 4.5% and 4.75% in an aggressive attempt to curb inflation.
6. A few days before a policy meeting takes place until the new policy has been communicated, members are forbidden to talk publicly.

The dollar index (DXY00) Friday rose by +0.55% and posted a 2-year high. Friday’s weaker-than-expected Eurozone economic news signals a struggling European economy that is weighing on currencystrengthmeter_mtf precise forex indicator the euro to the dollar’s benefit. The dollar extended its gains Friday after the US Nov S&P manufacturing and service PMIs increased.

Stock market today: Indexes rise and dollar gains as stock investors head for a winning week

Russia has put a Polish military base on top of its target list for the next retaliation. The US Dollar Index broke a fresh two-year high after preliminary European PMIs cast a recession shadow over Europe. Early this week, I had the privilege of moderating a panel discussion on global grain supply and demand and outlook at Barchart’s Grain Merchandising & Technology Conference in Orlando.

The atfx trading platform US Dollar (USD) printed a fresh two years high, pushing the DXY US Dollar Index above 108.00, after Purchasing Managers Index (PMI) data for the Eurozone signaled that the region could be on the brink of a recession. The data weighed heavily on the Euro (EUR) – the main foreign currency forming the DXY – as it could mean more interest rate cuts ahead by the European Central Bank (ECB) in order to support growth. The People’s Bank of China has cut key interest rates on mortgages and on its lending to banks in recent months to help boost demand for credit. Finally, investors can indirectly bet on the U.S. dollar by betting against weaker international currencies.

The ProShares UltraShort Euro (EUO) is an ETF that’s designed to provide -200% of the daily performance of the euro against the U.S. dollar. As an investor, you generally want to be more vigilant when investing in companies that do business overseas due to the relative value of the U.S. dollar. Changes in the dollar’s value can have a big impact on a company’s international sales, since it can erode their competitiveness in any market whose currency is cheaper than the greenback. Since Trump’s election win earlier this month, the US dollar has surged just over 4% as investors prepare for the potential of inflationary policies that would likely limit the Federal Reserve’s ability to cut interest rates.

It’s not necessarily bad for other economies because if you have a weaker currency, that should help your exports, and that’s the way the global economy re-balances. However, the strong dollar is not an exogenous shock, it is an endogenous reaction of the market to the fact that the US is doing better than the rest. Many economists have revised their growth forecasts higher in response to all the good news. A so-called “soft landing” — that is, when a central bank successfully lowers inflation without tipping the economy into recession — now looks increasingly likely. A strong dollar can be bad news for U.S. companies that do business overseas. If the value of the U.S. dollar is high, companies lose revenue when they convert international sales into U.S. dollars.

But the robustness of America’s economy isn’t the only thing lifting the US dollar. The mighty US dollar flexed some muscle last week in a positive sign for Americans’ purchasing power. The USDX is down 2.5% year to date as of May 12, and it has lost 1.9% over the past 12 months. Crude Oil flirts with a weekly gain of 5%, fueled by geopolitical news.

The New Highs/Lows widget provides a snapshot of US stocks that have made or matched a new high or low price for a specific time period. Stocks must have How to buy cat girl coin traded for the specified time period in order to be considered as a new High or Low. The markets are discounting the chances at 53% for a -25 bp rate cut at the December FOMC meeting.