Tag Archives: US dollar
U.S. Dollar Rallies as Stronger CPI Data Ignites Market Optimism
On Wednesday, the data revealed that the U.S. Consumer Price Index (CPI) rose by 0.2% last month, mirroring the increase seen in July. Over the past 12 months ending in August, the CPI grew by 2.5%, marking the slowest annual increase since February 2021 and down from the 2.9% gain in July. However, when excluding […]
U.S Dollar Surges on Mixed Employment Data
The Dollar Index, which tracks the U.S. currency’s performance against six major counterparts, rose 0.2% to 101.21. It climbed amid volatile trading on Friday after data revealed U.S. employment grew less than anticipated in August, pointing to a gradual slowdown in the labour market. Non-farm payrolls increased by 142,000 last month, following a downwardly revised […]
US Dollar Slips After Lower Job Revision, Strengthen Fed Dovish Tone
On Wednesday, the US dollar index declined by 0.24%, closing at 101.14, marking its lowest level this year. This drop was largely attributed to revised data revealing that employers added 818,000 fewer jobs in the year through March than previously estimated. (2024 Preliminary Benchmark Payroll Revision) The Fed now faces fewer obstacles to cutting rates […]
Focus on COPPER Today – 28th December 2023
Comprehensive COPPER Analysis for December 28, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for 28th December 2023. COPPER Analysis Key Takeaways COPPER Technical Analysis COPPER Daily Chart Insights COPPER 1-hour Chart Analysis COPPER Trading Central Pivot Indicator Conclusion
Focus on COPPER Today – 21st December 2023
Comprehensive Copper Analysis for December 21, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for 21st December 2023. Copper Analysis Key Takeaways Copper Technical Analysis Copper Daily Chart Insights Copper 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion
US Dollar Index Holds Breath, Awaiting Fresh Catalysts
US Dollar Index Analysis: Navigating Market Trends The U.S. dollar index (DXY) continues to be a focal point for investors, with recent fluctuations and policy outlooks influencing its trajectory. Let’s delve into the latest developments and key factors shaping the dollar’s performance. US Dollar Index Current Landscape The DXY, a measure of the dollar against […]
