On the forex front, the U.S. Dollar Index rose 0.3% on the day to a two-month of 98.26, supported by an upbeat ADP private jobs report. Regarding U.S. economic data, the Automatic Data Processing (ADP) jobs report showed an addition of 291,000 private jobs in January, exceeding expectations of +157,000. The Markit U.S. Services Purchasing […]
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On the forex front, the U.S. dollar strengthened for a second session as economic data released were better than expected. The Dollar Index gained 0.2% on the day to 97.95. Later today, January Automatic Data Processing (ADP) Employment Change (+158,000 private jobs expected), Markit U.S. Services Purchasing Managers Index (PMI, final reading, 53.2 expected), Institute […]
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On the forex front, the U.S. Dollar Index bounced 0.4% on the day to 97.81, lifted by stronger-than-expected manufacturing data. On Tuesday, the Research firm Markit will publish January U.K. Construction PMI (47.1 expected). The European Commission will report the eurozone’s December PPI (-0.7% on year expected). The U.S. Commerce Department will post December factory […]
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On the forex front, the U.S. Dollar Index slid 0.5% on the day to a two-week low of 97.36. January Markit U.S. Manufacturing Purchasing Managers Index (PMI, final reading, 51.7 expected), Institute for Supply Management’s Manufacturing PMI (48.4 expected), construction spending (+0.5% on month expected), and total vehicle sales (16.8 million units expected) will be […]
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On the forex front, the ICE U.S. Dollar Index dropped 0.2% on the day to 97.86. The European Commission will report 4Q GDP growth (+1.1% on-year expected) and January CPI (+1.4% on-year expected). The German Federal Statistical Office will release December retail sales (-0.5% on month expected). Whereas, France’s INSEE will post 4Q GDP growth […]
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On the forex front, the U.S. Dollar Index edged up 0.1% on the day to 98.06, as the Fed kept its monetary policy stance unchanged against the backdrop of uncertainty. The European Central Bank will post the January Economic Confidence Index (101.8 expected) and final readings of the Consumer Confidence Index (-8.1 previously). The German […]
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The U.S. dollar was little changed despite stronger-than-expected U.S. economic data, as investors awaited the Fed’s interest-rate decision. The Dollar Index marked a day-high of 98.15 before easing back to close at 97.97, broadly unchanged from the prior session. The U.S. Federal Reserve will announce its interest-rate decision (expected to be unchanged at 1.50% – […]
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On the forex front, the U.S. Dollar Index edged up 0.1% on the day to 97.94. In the U.K., the Confederation of British Industry will post January retail sales index (4 expected). The U.S. Commerce Department will release December durable goods orders (+0.4% on month expected). The Conference Board will publish January Consumer Confidence Index […]
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On the forex front, the U.S. Dollar Index gained 0.2% on the day to 97.85. The Japanese yen strengthened for a four straight session, as the spread of the deadly coronavirus weighed on market sentiment. USD/JPY dipped 0.2% to 109.28. Later today, December U.S. new home sales will be reported (up to an annualized rate […]
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On the forex front, the U.S. Dollar Index slipped 0.1% on the day to 97.50. The EUR/USD gained 0.1% to 1.1095. The European Central Bank is expected to keep its monetary policy unchanged (deposit facility rate at -0.50% expected). Besides, the U.S. government bonds were steady, as the benchmark U.S. 10-year Treasury yield settled unchanged […]
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