US Dollar Index sees slight increases approaching 98.50 as US PCE inflation data approaches
The US Dollar Index is expected to be around 98.40 during early Asian sessions on Friday. The second quarter saw a 3.8% growth rate in the US economy, with initial unemployment claims dropping to 218,000 last week. The August PCE inflation report will be a key focus later on Friday. The US Dollar Index (DXY), […]
Australian Dollar strengthens after Monthly Consumer Price Index data
The Australian Dollar Rises After CPI Release The Australian dollar gained ground following the release of the monthly consumer price index (CPI) on Wednesday. The CPI in Australia increased by 3.0% year-on-year in August, up from a previous 2.8% in July. Federal Reserve Chairman Jerome Powell indicated that further rate cuts could be on the […]
Fed Sentiment Index falls into cautious range before important speeches
Federal Reserve Update The FXStreet Fed Sentiment Index has dipped below 90.00 for the first time since November. Throughout the week, various Fed officials will deliver speeches. There’s a general optimism in the market that the US Central Bank will implement two rate cuts this year. After the policy meeting in September, the Federal Reserve […]
US Dollar Index Price Prediction: Stays within overlapping range near 97.50 level
The US Dollar Index is currently testing key resistance at the upper boundary of a downward trend around 97.70. The overall outlook remains bearish, as indicated by the 14-day relative strength index hovering just below the 50 mark. Initial support is identified at the nine-day EMA level of 97.46. The US Dollar Index (DXY), which […]
US Dollar Index rises above 97.50 as traders prepare for comments from the Fed
The US dollar index is expected to maintain a positive standing around 97.80 during Monday’s Asian trading session. The Federal Reserve reduced benchmark interest rates to 25 basis points during its September meeting. Market watchers will pay close attention to speeches from Federal Reserve officials later on Monday. The US Dollar Index (DXY), which measures […]
A Small-Stock Index Has Just Achieved a New High. What Lies Ahead for Small Caps?
Key Takeout The Russell 2000, a key index for smaller companies, reached record highs this week for the first time in several years, coinciding with the Federal Reserve’s shift towards rate cuts. Some analysts project that small-cap stocks could outperform larger ones in the near term due to their comparatively low ratings versus historical averages […]
Consumer Sentiment Index falls to 55.4 in September compared to 58 expectation
US Consumer Confidence Drops in September Consumer confidence in the United States took a hit in September, as the University of Michigan’s Consumer Sentiment Index fell to 55.4 from 58.2 in August. This decline was worse than what analysts had predicted, who were looking for a reading around 58. Further details indicated that the current […]
Consumer Price Index expected to indicate persistent inflation, raising questions about significant interest rate cuts.
US Inflation Updates The annual inflation rate in the US, as measured by the consumer price index (CPI), climbed from 2.7% in July to 2.9% in August, according to the US Bureau of Labor Statistics (BLS). This was in line with what analysts were predicting. Month-over-month, the CPI increased by 0.4%, a step up from […]
Altseason index reaches its peak for the year: Insights from traders
Social Media Buzz Heats Up for Altseason The excitement around cryptocurrency’s Altseason has surged this week, with Altcoin Market metrics hitting their highest levels of the year. Both Blockchain Center and Coinglass have reported noteworthy scores—76 out of 100 on the Altseason index, while Coinmarketcap’s indicator shows a slightly lower score of 67. Nevertheless, all […]
US Dollar Index remains stable under 98.00 before US CPI figures
In Thursday’s Asian session, the US Dollar Index is expected to remain stable around 97.85. The annual PPI inflation in the US came in lower than anticipated, bolstering arguments for potential Fed rate cuts. Traders are looking forward to the US August CPI inflation data, which is set for release in the latter part of […]