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DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. According to the analysis, the price could potentially experience a bearish reaction off the 1st resistance and drop towards the 1st support. The 1st support level at 103.73 is identified as a pullback support, and it is reinforced by the presence […]

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19/09/2024

Dollar Index – FOMC Rate Decision to Define Fresh Direction

The dollar index remains in a sideways mode for the third consecutive day and moving within a narrow range, just above new multi-month low. Near-term price action slowed ahead of key event – Fed interest rate decision – which is expected to define fresh direction. Technical picture on daily chart is firmly bearish as negative […]
08/03/2024

Opposing Perspectives on China’s Path to Prosperity

China’s National People’s Congress for 2024 and the market response again highlighted how far apart the views of China’s authorities and global investors are on both the current health of the economy and the way to achieve long-term prosperity. China’s 2024 National People’s Congress met expectations with respect to key policy actions, but disappointed in […]
26/07/2024

Fed Preview: Opening the Door But Not Pre-committing

We expect the Federal Reserve to maintain its monetary policy unchanged next week. Focus will be on upcoming rate cuts, which we expect to begin in September. The two latest CPI prints have built significant confidence in inflation remaining en route to target, but with the economy still on a stable footing, we doubt Powell […]