Author: FX
The US Dollar Index fell close to 107.00 after Thursday’s sharp decline. US Retail Sales fell 0.9% in January, missing expectations and fueling rate cut speculation. US Treasury yields continue to decline with the 10-year yield below 4.50%. The US Dollar Index (DXY), which tracks the US Dollar’s performance against six major currencies, remains stable after posting losses in the previous session. At the time of writing, the DXY hovers around 107.00, as economic data continues to paint a mixed picture. Weak Retail Sales weigh on sentiment, but Industrial Production provides some support. Daily digest market movers: US Dollar weakens…
Trump says he agreed to meet UK's Starmer in next few weeks Source link
The next couple of points of inflation will be pretty important.Even if get better data on inflation, should be cautious on ratesif labor market stays stronger, better inflation data doesn’t necessarily mean Fed can cut.Also focused on geopolitical, policy changes.We are taking our time to see how these affect economy.There is a lot of optimism among Texas banks on loan demand, economic growth.Need tailoring of banking regulation, based on size as well as risk profileCritically important that every bank is set up to use the Fed’s discount window.Still are some banks that are not signed up to discount window, still…
President Trump from says that he is working on pipeline held up by New York to bring down energy prices. 625 million acres of offshore that have been banned under Biden, will now be unmanned I don’t know but 625 million acres seems like a lot…..The all of US is 2.26B acres. Trump also signed an executive order creating the “Energy Dominance Counsel”Says:US has more energy than any other countryCongress will look at California tailpipe waiveradministration is giving “Conditional approval to Commonwealth LNG natural gas export project today – the first of what is expected to be manyOn tariffs says:Auto…
TSMC is reportedly interested in an Intel factory deal. The company is weighing taking a controlling stake in partnership and considering operating US Inte factories after a request from US Pres. Trump.Other tech firms may also take a stake in possible deal.Intel is currently without a CEO after the former CEO Pat Gelsinger was ousting back in December. At the time Frank Yeary, Intel Board chair said that “We are working to create a leaner, simpler, more agile Intel,”.A deal like this would be a simpler, more agile Intel. Shares of Intel traded as high as $25.19 shortly after the…
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The NASDAQ index has moved back above the 20,000 level reaching a high of 20,006.26. The last time the price was above 20,000 was back on February 24. The high price that day reached 20,118.61 before rotating lower and closing below the 20,000 level at 19,954.30. At the same time, the S&P is back above the highest closing level at 6118.71. It is currently trading at 6120.26.The highest closing level for the NASDAQ index is at 20173.89 back on December 16. Source link
The Dow Jones index remained stuck below 44,750 on Friday. Retail Sales missed forecasts, prompting investor caution. The Dow is still poised to end the week in the green, but headwinds are building. The Dow Jones Industrial Average (DJIA) cooled on Friday, shedding around 160 points and waffling into the 44,600 region after US Retail Sales missed the mark in January. US data broadly came in below previous figures, except for the Export Price Index, which accelerated at its fastest pace in nearly three years. US Retail Sales came in well below expectations in January, contracting by 0.9% versus the forecast…
USDCHF technicalsThe USDCHF is experiencing a sharp decline for the second consecutive day. Despite Swiss CPI inflation coming in lower than expected at -0.1% MoM and 0.4% YoY, while US CPI and PPI showed stronger inflation, the pair has moved lower instead of higher—suggesting that other factors, such as geopolitical risks, political developments, and technical breaks, are influencing price action.This week, the 100/200-hour moving averages and the 100/200-bar moving averages on the 4-hour chart were all breached, reinforcing the downside momentum. Today, USDCHF is down -0.55%, reaching a session low of 0.8971, which tested a key swing area between 0.8965…
EUR/USD extends gains, rising to 1.0500 on Friday, hitting its highest level since late January. The pair strengthens above the 20-day SMA, reinforcing a shift in sentiment toward the upside. Momentum indicators remain firmly bullish, with RSI climbing deep in positive terrain. EUR/USD continued its upward trajectory on Friday, climbing to 1.0500 and marking its highest level in weeks. The pair’s steady ascent above the 20-day Simple Moving Average (SMA) suggests that buyers are regaining control, potentially shifting the short-term outlook to a more constructive stance. This break above resistance levels could set the stage for further upside if momentum remains…