The Australian Dollar (AUD) has been performing well
The Australian Dollar (AUD) has been performing well. This is attributed to comments from the Reserve Bank of Australia (RBA) Governor, indicating that if inflation pressures persist, a more significant tightening may be the appropriate policy response. The market seems to interpret this as a possibility of additional rate hikes. Considering this development, it may […]
Today, on November 1st, the minutes from the November 1st meeting of the US FOMC will be released.
Today, on November 1st, the minutes from the November 1st meeting of the US FOMC will be released. The policy interest rate was kept in line with market expectations at 5.25-5.50%. The statement had conveyed a sense of pausing interest rate hikes. However, during Chairman Powell’s press conference, he maintained a hawkish tone, suggesting that […]
November has seen the formation of a steady downtrend in the US dollar (USD) exchange rate.
The Dollar Index (DXY), a key index reflecting USD strength or weakness, showed a golden cross with the 10-day and 21-day moving averages early in November. Since then, resistance has been observed at the 21-day and 10-day moving averages. Currently, it has declined to the level of the 200-day moving average. This development has essentially […]
This week, the dominant theme has been the weakening of the US dollar following the release of the US Consumer Price Index (CPI) on Tuesday.
Subsequent US economic indicators have shown mixed strength, leading to frequent changes in market direction. However, it is clear that the November non-farm payrolls and the CPI have pushed down the overall level of the US dollar. Today, the major US economic indicator to be released is Housing Starts (October). If Housing Starts and Building […]
Dollar Selling Eases After US CPI, but Upside Momentum Limited
The biggest topic of the week so far has been the US Consumer Price Index (CPI). The market reacted sharply to the slight deceleration in year-on-year growth that fell just below market expectations. This led to a significant drop in US Treasury yields and a substantial decline in the dollar, strengthening the belief in a […]
US CPI May Form a Dollar Selling Trend, Focus on US Retail Sales and Producer Prices Today
Yesterday, the much-anticipated US Consumer Price Index (CPI) for October was released. The year-on-year growth came in at +3.2%, slightly below expectations by just 0.1%. However, the market reacted strongly with a sharp drop in US bond yields and a strengthening of the dollar selling trend. The stock market surged. While the slower growth was […]
The Start of the Week Lacks Economic Indicators, Awaiting Tomorrow’s US Consumer Price Index
The beginning of the week lacks significant economic indicators. Only releases such as Turkey’s current account balance for September, India’s consumer price index for October, and Germany’s current account balance for September are scheduled. There are no major US economic indicators on the calendar, and the mood is building up in anticipation of tomorrow’s release […]
Continued buying of the US dollar is prevailing this week.
the impression from last week’s FOMC meeting and the weak US employment statistics at the end of last week initially led to a weakening of the dollar as yields on US Treasuries fell. However, a series of comments from major central bank officials have made the US dollar stronger this week. Yesterday, Federal Reserve Chair […]
This Week Sees a Strong Dollar and Weakening Yen, with a Focus on Statements from Central Bank Officials, Particularly Chairman Powell
This week, the dollar has been on the rise, with a prevailing trend. The weak results of last week’s US employment statistics contributed to a selling pressure on the dollar, but it appears that a period of adjustment is underway. Additionally, there has been a weakening of the yen in recent days. The USD/JPY pair […]
Today’s Economic Indicators Lack Impact, Focus on Statements from Central Bank Officials in the US and Europe
This week, the market seems to be in a state of stagnation, sandwiched between last week’s US employment statistics and the upcoming focus on the US Consumer Price Index next week. The market is unfolding with position adjustments, and confidence in the correlation between the US dollar and US bond yields has decreased. It’s clear […]