US Dollar Index flat around 98.20, focus on trade, Jackson Hole
Monday, 19 August 2019 13:08 WIB | CURRENCIES |DOLLAR

The Greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses within a narrow range at the beginning of the week around the 98.20 region.

The upside momentum in the index is losing some traction on Monday, although the Greenback manages well to keep business above the key barrier at 98.00 the figure.

Markets have ignored further trade rhetoric by President Trump so far, this time casting doubts over the ability of both parties to reach a deal in the near/medium term.

Other than trade jitters, geopolitical noise stemming from Hong Kong is likely to attract investors™ attention as the issue remains far from resolved.

Events-wise, the Jackson Hole Symposium on 22-24 August will gyrate around ˜Challenges for Monetary Policy™, while all eyes are expected to be on Chief Powell™s speech on Friday.

News from the speculative community notes USD net longs receded to three-week lows during the week ended on August 13, according to the latest CFTC report. The ˜flight-to-safety™ context appears to have weighed on the buck in favour of JPY and bonds.

In the US data space, the housing sector will remain in the limelight this week along with usual Initial Claims, advanced PMIs for the current month and the FOMC minutes.

Source : FX Street

RELATED NEWS

Sterling edges back from six-week high, BoE in focus
Wednesday, 18 September 2019 15:51 WIB

Sterling edged lower on Wednesday after climbing to a new six-week high on hopes for a last-minute Brexit deal, while investors turned their attention to the Bank of England meeting on Thursday. The pound fell 0.2% in early European trade to $1.2476, but that followed a decent gain on Tuesday to $1...

Dollar holds gains as oil shock eases, Fed in focus
Wednesday, 18 September 2019 08:16 WIB

The dollar traded near a seven-week high versus the yen as oil markets recovered from a supply shock, but the focus is firmly on a U.S. Federal Reserve meeting later on Wednesday that is widely expected to deliver an interest rate cut. Major currencies are likely to trade in narrow ranges before th...

Dollar Broadly Higher Ahead of ZEW, Fed Meeting
Tuesday, 17 September 2019 15:20 WIB

The dollar was mostly higher in early trading in Europe Tuesday, as fears of a sustained spike in oil prices and conflict in the Persian Gulf undercut risk assets ahead of the U.S. Federal Reserve™s two-day policy meeting. The euro was at $1.1012, with the market keeping an eye on the first major...

Japanese Yen Unchanged Despite Initial Trade Accord with U.S.
Tuesday, 17 September 2019 11:04 WIB

The Japanese yen stayed largely unchanged against the U.S. dollar on Tuesday in Asia despite news that the U.S. reached an initial trade accord with Japan over tariffs. It is unclear whether the U.S. will maintain tariffs on Japanese auto imports as part of the agreement. The yen was little impact...

Oil currencies, dollar buoyed as Saudi attacks keep crude elevated
Tuesday, 17 September 2019 08:30 WIB

Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated. Attacks on crude facilities in Saudi Arabia on the weekend boosted oil prices by nearly 15% on Mon...

ANOTHER NEWS
Hong Kong Shares Fall For Third Day
Thursday, 19 September 2019 03:32 WIB Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day. The Hang Seng Index eased...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.