Energies
Monthly Archives: May 2022
Better Than Expected NFP Data
Written on May 6, 2022 at 1:41 pm, by Designer
Analysts expected U.S. economy to add 391K jobs in April, but the NFP data showed an increased by 428K jobs
USDX is Set to a Fifth Winning Week
Written on May 6, 2022 at 8:48 am, by Designer
Overview USDX is set to a fifth winning week Sterling pound at two weeks low Gold on third weekly loss FOREX Dollar Index The dollar is heading for a fifth winning week versus major peers on Friday, ahead of closely watched U.S. jobs report that’s likely to back the case for aggressive monetary policy tightening.Continue Reading
06 May 2022 – FX daily insight
Written on May 6, 2022 at 6:13 am, by Designer
market news summary GBP lower after BoE decision; Crude Oil finds resistance at 107; Gold is strongly bearish. U.S. Dollar Index (USDX) The U.S. Dollar index found a hard time breaking above 103.60 as the resistance intensified before the Non-Farm Payroll data. Technically, after 7 days of trading below the resistance of 103.60, the indexContinue Reading
USDX Drops After Fed Rate Hike
Written on May 5, 2022 at 8:47 am, by Designer
Overview USDX drops after Fed rate hike Sterling pound waits for BOE decision Gold shines to hedge after Fed rate FOREX Dollar Index (USDX) The Federal Reserve (Fed) on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank’s chief appealed toContinue Reading
05 May 2022 – FX daily insight
Written on May 5, 2022 at 6:38 am, by Designer
Market news summary GBPUSD waits for BOE; USDX retreats; Crude Oil is technically mixed; Gold bounces as USD falls. U.S. Dollar Index (USDX) The U.S. dollar failed to hold above 103 after the interest rate hike from the Federal Reserve (Fed) as it matched the expectations. The U.S. Dollar index fall to 102.36 during theContinue Reading
04 May 2022 – FX daily insight
Written on May 4, 2022 at 5:55 am, by Designer
Market news summary Technical trends remain the same; The most anticipated day of the week; Extra caution is recommended; USDX is at strong resistance. U.S. Dollar Index (USDX) The U.S. Dollar traded around 103.50 slightly below its all-time high of 103.90. The current level seems to be massive resistance as traders are waiting for theContinue Reading
03 May 2022 – Daily FX Update
Written on May 3, 2022 at 9:26 am, by Designer
Overview Fed starts a two-day meeting Eurozone Unemployment improves Gold is at the lowest since February FOREX U.S. Dollar Index The dollar was down on Tuesday morning in Asia, with the Fed widely expected to further tighten its monetary policy as it begins its two-day meeting. The U.S. Dollar Index was down 0.29% to 103.23,Continue Reading
03 May 2022 – FX daily insight
Written on May 3, 2022 at 7:59 am, by Designer
market news summary Euro remains weak; WTI is at a critical level; Gold losing $25 per ounce; Bitcoin is unlikely to recover. U.S. Dollar Index (USDX) The U.S. Dollar traded slightly below 103.50 near its all-time high slightly at 103.90. As mentioned before the price is expected to trade around the range of 103.50 forContinue Reading
02 May 2022 – Daily FX Update
Written on May 2, 2022 at 10:23 am, by Designer
Overview German data is not helping Bonds steal the light from gold Trading volume is low due to holidays FOREX U.S. Dollar The dollar was higher in early trade in Europe on Monday, riding another wave of risk aversion as fresh economic data testified to a sharp economic slowdown in China. The dollar index wasContinue Reading
