EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.Kremlin: The idea of a trilateral meeting between Russia, the United States, and Ukraine has not yet been discussed.On December 21, the Communist Party of Cuba issued a statement on its official website on the 20th, condemning the US governments escalation of aggression against Venezuela in the strongest terms and accusing the US of its recent actions in Venezuela of being a deliberately planned and dangerous act.SpaceX: Public safety is always our top priority during flight tests. We will continue to ensure that public safety is maximized.

Bullish on the US Dollar Index around 110.00 while following Michigan FDLE

Daniel Rogers

Sep 16, 2022 14:57

截屏2022-09-16 上午10.03.18.png 

 

Due to Fed hawks' continued dominance and encouraging US statistics, the US Dollar Index (DXY) is trading around 109.80 during Friday's Asian session. In addition to strengthening the dollar's position against the other six major currencies, economic worries in China and Europe also help the greenback.

 

The FedWatch Tool on the CME predicts that the FOMC will raise interest rates by between 0.75 and 1.00 percent at their meeting next week. DXY bulls have been feeling the squeeze from falling US 10-year Treasury rates of -1.2 bps to 3.447%, after a gain of 1.38 bps the day before.

 

Meanwhile, 0.0% growth was forecasted for US retail sales in August, and -0.4% was revised down for July. And the New York Federal Reserve's Empire State Manufacturing Index rose to -1.5 in September from -31.3 in August and -13 as predicted by the market. The Philadelphia Fed Manufacturing Index, on the other hand, dropped to -9.9 for the relevant month, well below both the forecasted level of 2.8 and the prior level of 6.2. Additionally, August US Industrial Production was revised down to -0.2% from a previous reading of -0.5% and market expectations of 0.1% growth.

 

Bloomberg also released a story expecting more tougher circumstances for China in 2020. On the same line, we read about the ongoing tensions between China and the United States and the People's Bank of China's (PBOC) inaction. A surge in pessimism can be attributed to a number of factors, including hawkish comments from European Central Bank (ECB) policymakers and worries that the Eurozone would remain in a perilous situation despite a good winter stockpile.

 

As a result of these maneuvers, the stock market ended the day in the negative, US Treasury bond yields increased, and the S&P 500 Futures dropped by at least 0.65% throughout the trading session.

 

Intraday movement will be heavily influenced by the Michigan Consumer Sentiment Index (CSI) preliminary readings, which are expected to be 60 compared to 58.2 previously. Yet, the focus will be on the Federal Open Market Committee meeting next week. Given the recent recessionary issues impacting the world's top industrial actor and second-largest economy, it is worth noting that the DXY may also be affected by the second-tier statistics from China.


Suggestion