US Open Note – Dollar steadies as it awaits US CPI data

Fed speakers today and US CPI tomorrow in focus

This week, Fed speakers will be out in full force to disseminate the latest views of the central bank. Each one of these officials has a chance to share their thoughts on current policy. Barkin did this last week and put 75 bp back on the table, stressing that he wants to raise rates "as quickly as possible." Others at the Fed are also likely to adopt a more hawkish outlook in the coming days.

But the main thing to watch for this week is the April CPI report, which will be released on Wednesday. Predictions show that inflation in the U.S. may be reaching its peak.

A CPI number that is lower than expected could give Wall Street a boost, especially if it causes Treasury yields to fall even more.

FX market; dollar eases

The dollar index is falling near its opening level, while dollar/yen remains below its 20-year high of 131.24. The euro is stalled near $1.0550, but the next target is coming from $1.0340 in January 2017.

Sterling is holding steady on Tuesday after plunging to its lowest level in nearly two years on signals that the Bank of England will be forced to slow its interest-rate-hiking cycle as a result of the weaker economy.

Today, Turkey's currency continues to fall against the dollar, raising questions about the central bank's ability to maintain a stable currency in the face of the country's ongoing economic crisis.

European and US stocks

European stock indexes rose on Tuesday, with investors showing signs of recovery following Monday's steep losses, but analysts warned that concerns about reduced growth were still weighing on markets.

It was a rough night for Asian stocks, which fell to their lowest level in over two years. With monetary tightening by major central banks and slower economic growth, stock markets have fallen so far this month.

Investors braced for further tightening after interest rates were lifted by the US, UK, and Australian central banks last week. Equities are posting a small comeback on Tuesday, which US stock futures indicated would continue through the opening of Wall Street.

Commodity currencies back to gains

The Canadian dollar and the Australian dollar recovered some ground on Tuesday after hitting their lowest levels in nearly two years against the US dollar, tracking a rebound in European stock markets after a sharp selloff.

Commodity currencies fell overnight to multiple-year lows and oil prices are currently declining by 0.9%, hurt by fears of recession and an economic slowdown in China, the top oil importer, before trimming some of those declines.


Daily Market Comment – Markets struggle for direction as Fed keeps its options open

Technical Analysis – US 30 index at risk of bearish breakdown

Technical Analysis – BTCUSD retraces after hitting 2-month high

Technical Analysis – NZDUSD slides below bullish channel but remains supported

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。