Energies
Monthly Archives: August 2022
22 August 2022 – The Dollar Rocket Rise While Gold Drops
Written on August 22, 2022 at 9:09 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar index hit a fresh five-week high on Monday after another Federal Reserve official flagged the likelihood of continued aggressive monetary tightening ahead of the central bank’s key Jackson Hole symposium this week. The index edged up to 108.26 for the first time since July 15 and was lastContinue Reading
19 August 2022 – Gold Lost and Gone Heavily Bearish
Written on August 19, 2022 at 8:02 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar hit a one-month high versus its major peers this morning as Fed officials continued to mention the need for further interest rate hikes. Meanwhile, the dollar index rose 0.14% to 107.63, after touching 107.72 which is its highest since July 18. The index is on track for aContinue Reading
18 August 2022 – Gold Flirts With 1,750s
Written on August 18, 2022 at 8:36 am, by Designer
U.S. Dollar Index (USDX) The dollar index rose after the minutes, as did Treasury yields. The Fed hiked rates by 0.75% last month, with traders now split over a 0.5% or 0.75% hike in September. While data last week did show that U.S. inflation had likely peaked, Fed members indicated that it was still farContinue Reading
17 August 2022 – Crude Oil Falls Under Heavy Selloff
Written on August 17, 2022 at 7:56 am, by Designer
U.S. Dollar Index (USDX) The dollar index traded the majority of the morning sessions below the resistance at 106.50 and slightly above the hourly chart support at 106.30. However, the hourly chart shows a continuation of the uptrend started on August 11 from the previously analyzed double bottom pattern. Meanwhile, on the daily chart, theContinue Reading
16 August 2022 – Chinese Yuan At the Weakest Level in Three Months
Written on August 16, 2022 at 7:30 am, by Designer
U.S. Dollar Index (USDX) The dollar index, which measures the greenback against six major peers, held steady at 106.51, just below the previous session’s peak of 106.55, the strongest since last week. The global safety bid was driven by a group of weak world economic indicators. Data showed U.S. single-family homebuilders’ confidence, while New YorkContinue Reading
Monday’s Market update – 15 August 2022
Written on August 15, 2022 at 12:07 pm, by Designer
Investors tend to avoid risk this week and prior to the housing data and retail earnings in the U.S. which is expected to slow down. However, spot gold continued the gains trading near 1,800 as recessionary fears still rising amid mixed economic data in the U.S. Crude prices decline confirmed the declining trend today asContinue Reading
12 August 2022 – GBPUSD Found a Relief Amid GDP Data
Written on August 12, 2022 at 8:06 am, by Designer
U.S. Dollar Index (USDX) The dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back future rate hike expectations by the Federal Reserve. Investors slashed bets on the possibility that the Fed will raiseContinue Reading
U.S. CPI and Dollar Index in Details
Written on August 11, 2022 at 1:12 pm, by Designer
The CPI Reading Details After the inflationary plateau we faced in the last CPI report on Wednesday, the speculations are rising that the Fed will also slow its tightening strategy. The CPI was unchanged in July on a seasonally adjusted basis after rising 1.3% in June, the U.S. Bureau of Labor Statistics reported on Wednesday.Continue Reading
