The Dow Jones Industrial Average pivoted further into the bearish side on Thursday, shedding around 400 points top-to-bottom and slipping back below the 46,000 level as equity traders sharply rebalance their expectations for heavy AI investment schemes that have materialized in recent days.
US Dollar (USD) is consolidating yesterday’s gains while US equity futures steadied after two small down days. USD rallied across the board yesterday as the US swaps curve realigned with the Fed’s more measured easing guidance.
The US dollar remained practically flat at 97.85 on the European morning trade on Thursday, consolidating gains after a 0.65% rally on Wednesday, as Federal Reserve officials warned against hopes of back-to-back interest rate cuts.San Francisco Fed President, Mary Daly, reiterated the view of Chairm
Dow Jones futures hover around 46,450 during European hours on Thursday, ahead of the United States (US) session opening. Meanwhile, the S&P 500 futures remain steady near 6,700, while Nasdaq 100 futures remain close to 24,750.
US Dollar (USD) extended its rebound momentum post-Fed cut. Cautious remarks from Fed officials dampened bearish bets on USD. DXY last seen at 97.80 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
We don't really buy into the story that geopolitics has driven the dollar stronger this week. If investors were substantially more worried about military conflict at NATO's eastern border, CEE currencies would be a lot weaker, as would German equity markets.
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.
The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are taking profits and trimming their exposure to the AI-fueled tech rally ahead of the latest US employment figures and inflation data.
The Dow Jones Industrial Average (DJIA) clipped another record intraday high on Tuesday, peaking near 46,715 for the first time. The Dow is tilted into the bullish side this week, extending into a fifth straight green session.
The Dow Jones Industrial Average (DJIA) rose on Monday, testing fresh all-time highs above 46,400. Despite some early session volatility, the Dow is following the rest of the US market higher to kick off the new trading week, with all major indexes showing green across the board.
Dow Jones futures edge down 0.38%, with trading below 46,500 during European hours on Monday, ahead of the United States (US) regular opening. Moreover, the S&P 500 futures decline 0.38% to trade around 6,700, while Nasdaq 100 futures fall 0.42% to trade near 24,750.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note near 97.80 during the Asian trading hours on Monday.
The Dow Jones Industrial Average (DJIA) chalked in another slim but decisive gain on Friday, bringing the major equity index’s weekly performance to around a full percentage point gain.
The US Dollar (USD) remains well supported as it extends this week’s postFOMC gains with broad strength against all of the G10 currencies with the exception of JPY, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar (USD) was given a helping hand yesterday by some positive data surprises, which prevented it, in our view, from giving up post-Fed gains. Jobless claims dropped back to 231k in the week ending 13 September, signalling the previous week’s spike to 264k might have been a fluke.
Dow Jones futures lose 0.13%, with trading around 46,450 during European hours on Friday, ahead of the opening of the United States (US) regular session. Moreover, the S&P 500 futures decline 0.16% to remain below 6,700, while Nasdaq 100 futures fall 0.11% to trade near 24,650.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note near 97.40 during the early European session on Friday.
The Dow Jones Industrial Average (DJIA) rose on renewed bullish sentiment across broader markets on Thursday, bolstered by the Federal Reserve’s (Fed) decision to cut interest rates for the first time in nine months.
US Dollar (USD) bounced from fresh cyclical lows, Treasury yields found footing after yesterday’s swings, and US equity futures are up. Near-term, USD can retrace more of this week’s losses before settling into its August range as yield spreads show little scope to move further against USD.
Markets’ initial interpretation of the Fed interest rate cut was firmly dovish: aside from Miran’s 50bp dissenting vote, the Dot Plot was revised to show two more cuts this year. The result was a drop in front-end yields and the dollar.
Dow Jones futures gain 0.35% to trade around 46,200 during European hours on Thursday, ahead of the opening of the United States (US) regular session. Moreover, the S&P 500 futures advance 0.48% to move above 6,600, while Nasdaq 100 futures surge 0.68% to trade near 24,400.
The Federal Reserve (Fed) delivered a quarter-point interest rate cut, in line with market expectations. With the Fed moving to make its first rate cut since last December, investors are immediately pivoting to focus on how many rate cuts the Fed is expected to deliver through the remainder of 2025.
The Federal Reserve (Fed) announced a gentle quarter-point interest rate cut, something many market watchers had anticipated. This marks the Fed's first rate cut in nine months, and now investors are eager to see how many more rate cuts might happen through the end of the year.
The Dow Jones Industrial Average (DJIA) found some room on the high side on Wednesday, with thin volumes bolstering the major equity index back into the 46,000 handle just ahead of the Federal Reserve’s (Fed) blockbuster interest rate call.
The US Dollar (USD) is showing signs of stabilization heading into Wednesday’s FOMC, with modest gains against most of the G10 currencies as it attempts to claw back a portion of this week’s losses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
It's FOMC day, and the Fed is widely expected to cut rates by 25bp. There are many moving parts to today's meeting, but let's go through a few of them.
Today's Fed meeting promises to be one of the most exciting in a long time, as it holds plenty of potential for surprises. Let's start with the interest rate move: a 25 basis point cut is fully priced in.
Dow Jones futures remain steady near 45,750 during European hours on Wednesday, ahead of the United States (US) market open. Moreover, the S&P 500 futures decline 0.20% to trade near 6,600, while Nasdaq 100 futures depreciate 0.10% to trade around 24,2500.
Ahead of the FOMC meeting, the US Dollar weakened, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 as investors firmed bets for a Federal Reserve (Fed) interest rate cut later on Wednesday.