The US Dollar off to a positive start on Monday after a rather sluggish start of the day. Upward revisions from the preliminary November Durable Goods release set the tone for a stronger Greenback. The US Dollar Index (DXY) has the two-year […]
Oil prices set for a weekly loss in this final normal trading week of 2024. The hawkish message from the Fed on rate cuts for 2025 has scared investors away from commodities. The US Dollar Index did hit a two-year high for a
Crude Oil faces near 2% loss for this week with traders reducing hedges on Oil for 2025 Read More »
The US Dollar is residing not far from its fresh two-year high level seen in Asian trading on Friday Quadruple Witching – the simultaneous expiration of four types of derivative contracts – is set to take place in the US
The US Dollar retreats from its two-year high after the Fed signaled fewer interest-rate cuts ahead. The FOMC members have concerns on inflation throughout 2025 and factor in a Trump-effect. The US Dollar Index (DXY) is trading at 108.00, finding support at that
US Dollar advances after Fed pencells in less rate cut for 2025 on inflation concerns Read More »
Oil prices are further rebounding above $70.00 after surprise drawdown in US API data. Kazakhstan will break its commitment to OPEC+ production limitations in 2025, by raising Oil output next year, according to Bloomberg. The US Dollar Index orbits around 107.00 ahead
The US Dollar consolidates ahead of the Federal Reserve interest-rate decision. Traders will be looking at the dot plot for the number of rate cuts in 2025. The US Dollar Index (DXY) hovers around 107.00 and looks for direction. The
US Dollar steadies as Fed interest-rate decision looms Read More »
The US Dollar sees its rally stalling after Retail Sales is nor weak, nor strong. Traders are not impressed as they were after the US Services PMI print with Retail Sales coming in slightly higher than expected. The US Dollar Index
Oil prices are in search to end the week on a high note by attempting to close above $70.00. Traders are torn in their choice between a possible short term upside against a long term bearish turnout. The US Dollar
Crude Oil tries to end week on the front foot with a weekly close above $70.00. Read More »
The US Dollar turns flat and sees earlier gains evaporate ahead of US trading session on Friday. The Greenback faces some downside pressure due to some profit taking after its steep rally earlier this week. The US Dollar Index (DXY) trades
Oil prices are for failing to hold on this week’s winning streak. The EIA report from Wednesday showed Cushing Crude Supply fell to a seven-year low. The US Dollar Index trades stronger after the European Central Bank interest-rate decision failed
Crude Oil turns out to be short lived after OPEC+ report drags Oil prices lower Read More »
