Tag Archives: ZAU USD

South Korea Inflation Data Due On Thursday

South Korea will on Thursday release March numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In February, overall inflation was flat on month and up 1.1 percent on year, while core CPI added 0.1 percent on month and gained 0.5 percent on year. Japan will provide March figures for monetary base; in February, the monetary base climbed 3.6 percent on year. Australia will see February figures for job vacancies; in January, vacancies were up 1.6 percent on month. The material has been provided by InstaForex Company – www.instaforex.com…

Comprehensive analysis of options for the movement of #USDX vs Gold & Silver (DAILY) in April 2020

Who will reign? The US dollar or noble metals? Here’s a comprehensive analysis of options for the movement of #USDX vs Gold & Silver (DAILY) in April 2020
Minor operational scale (daily time frame)
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US dollar index
The movement of the #USDX dollar index in April 2020 will be determined depending on the development and the direction of breakdown of the boundaries of the equilibrium zone (98.80 – 99.90 – 101.10) of the Minor operational scale forks. We look at the details of movement inside this equilibrium zone on the animated chart.
The upward movement of the dollar index can be continued in case of breakdown of the resistance level of 101.10 on the upper boundary of the ISL61.8 equilibrium zone of the forks of the operational Minor scale and the targets of this movement will be :
– the final Shiff Line Minor (101.80);
– maximum 102.99;
with the prospect of reaching the warning line UWL38.2 (103.50) of the Minuette operational scale forks.
Meanwhile, the downward movement of #USDX will become relevant in the event of a breakdown of the support level 98.80 at the lower boundary of the ISL38.2 equilibrium zone of the Minuette operational scale forks…

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Treasuries Move Back To The Upside Amid Renewed Coronavirus Concerns

Following the pullback seen in the previous session, treasuries moved back to the upside during the trading day on Wednesday. Bond prices pulled back off their best levels in afternoon trading but remained firmly positive. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 6.3 basis points to 0.635 percent. The rebound by treasuries came as traders looked for safe havens came amid renewed coronavirus concerns after White House officials warned of nearly a quarter million deaths from the pandemic. During a White House press conference on Tuesday, President Donald Trump warned the U.S. is facing a “very, very painful two weeks.” White House officials are now projecting between 100,000 and 240,000 deaths in the U.S. as a result of the outbreak, which Trump previously sought to downplay. “This could be a hell of a bad two weeks. This is going to be a very bad two, and maybe three weeks. This is going to be three weeks like we’ve never seen before,” Trump said. The comments from the White House come as data from Johns Hopkins University shows there are more than 190,000 confirmed coronavirus cases in the U.S. and…

U.S. Construction Spending Unexpectedly Slumps 1.3% In February

A report released by the Commerce Department on Wednesday showed an unexpected decrease in U.S. construction spending in the month of February. The Commerce Department said construction spending slumped by 1.3 percent to an annual rate of $1.367 trillion in February after spiking by 2.8 percent to an upwardly revised rate of $1.385 trillion in January. The pullback came as a surprise to economists, who had expected construction spending to climb by 0.6 percent following the 1.8 percent jump originally reported for the previous month. The unexpected drop in construction spending reflected notable decreases in spending on both private and public construction. Spending on private construction tumbled by 1.2 percent to an annual rate of $1.026 trillion, as spending on residential construction slid by 0.6 percent and spending on non-residential construction plummeted by 2.0 percent. The report said spending on public construction also plunged by 1.5 percent to an annual rate of $340.9 billion, with spending on educational and highway construction both showing significant drops. Despite the monthly decrease, the Commerce Department said total construction spending in February was up by 6.0 percent compared to the same month a year ago. The material has been provided by InstaForex Company -…

*U.S. Crude Oil Inventories Spike By 13.8 Million Barrels In Week Ended 3/27

U.S. Crude Oil Inventories Spike By 13.8 Million Barrels In Week Ended 3/27 The material has been provided by InstaForex Company – www.instaforex.com…

U.S. Manufacturing Activity Shows Modest Contraction In March

With the coronavirus outbreak weighing on demand, the Institute for Supply Management released a report on Wednesday showing a contraction in U.S. manufacturing activity in the month of March. The ISM said its purchasing managers index dipped to 49.1 in March after edging down to 50.1 in February. While a reading below 50 indicates a contraction in manufacturing activity, economists had expected the index to show a steeper drop to 45.0. The modest decrease by the headline came as the new orders index tumbled to 42.2 in March from 49.8 in February, hitting its lowest level since March of 2009. The production index also fell to 47.7 in March from 50.3 in February, while the employment index slid to 43.8 from 46.9 in the previous month. The report also said the prices index plunged to 37.4 in March from 45.9 in February, indicating the fastest decrease in prices since January of 2016. “Comments from the panel were negative regarding the near-term outlook, with sentiment clearly impacted by the coronavirus (COVID-19) pandemic and energy market volatility,” said Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee. On Friday, the ISM is scheduled to release a separate report on activity in…

Dollar Little Changed After ISM Manufacturing, Construction Spending

Following the release of U.S. ISM manufacturing PMI for March and construction spending for February at 10.00 am ET Wednesday, the greenback changed little against its major rivals. The greenback was trading at 107.24 against the yen, 0.9663 against the franc, 1.2418 against the pound and 1.0929 against the euro around 10:05 am ET. The material has been provided by InstaForex Company – www.instaforex.com…