Dollar Index In View Ahead of Data
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- April 20, 2024
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: TradingView US Dollar Index at Support The research team covered the US Dollar Index in detail in the recent Weekly Market Briefing. Key observations were a possible bullish response from either daily support at 103.42 or at daily Quasimodo support from 102.36 (joined by a 61.8% Fibonacci retracement ratio at 102.34 and a 50.0%
READ MOREHappy New Year! It was all largely about the US last week. Despite signs of easing inflation pressures in the US—June’s 9.1% reading appears to be the peak—Federal Reserve officials continued to call for interest rate increases to bring inflation back to the central bank’s 2% target. The FOMC meeting minutes released on Wednesday revealed
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MOREYesterday witnessed US ADP non-farm employment change and initial jobless claims pencil in better-than-expected data. According to the ADP National Employment report, private US employment jumped by 235,000 jobs in December, building on November’s upwardly revised 182,000 print. In terms of the US initial jobless filings, for the week ending 31 December, initial unemployment claims
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MOREThursday was quite a session. Three central banks, the Swiss National Bank (SNB), the Bank of England (BoE) and the European Central Bank (ECB) hiked rates by 50 basis points. This followed the Fed’s decision to hike the Fed Funds rate by 50 basis points on Wednesday, a deceleration that brought the target range to
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORETuesday was an interesting one for the financial markets, welcoming US consumer price inflation data for November (Consumer Prices Index [CPI]). Headline annual inflation slowed for a fifth consecutive month to 7.1%, following October’s reading of 7.7%, according to the Bureau of Labour Statistics. The report observed that November’s release was the smallest annual increase
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORE