Category Archives: Daily Financial News

Risk off sentiment hurts stocks, helps the buck

Written on December 6, 2022 at 8:52 am, by

USD went bid after a hawkish reaction to the ISM Services data which topped analyst expectations. The DXY found support at the August low, rising 0.7% and rebounding from 104.63.

Week Ahead: Risk sentiment buoyant as central bank meetings loom

Written on December 4, 2022 at 10:23 am, by

Fed Chair Powell’s speech last week gave a boost to risk and stock markets as he appeared confident in the central bank’s ability to eventually bring inflation back to target.

USD looks for support ahead of key US jobs data

Written on December 2, 2022 at 7:47 am, by

USD fell 1.2% against half a dozen peers on the DXY. Prices have dropped to the August low at 104.63 and below the 200-day SMA at 105.55.

Market Recap (November): Lower price pressures, higher stocks

Written on December 1, 2022 at 7:18 am, by

It’s been a month of dollar weakness and equity gains, propelled by hopes the world has seen peak inflation and a slower pace of Fed rate hikes.

Forex Market Outlook: 1 December 2022

Written on December 1, 2022 at 6:43 am, by

Dollar index plummeted following dovish remarks by Fed Chair Jerome Powell on Wednesday in a speech at Brookings institution, highlighting the need to ease the pace of rate hikes moving forward, with moderation taking effect as soon as the December meeting.