Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Batal Sahkan
Kami komited terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Sahkan
Berita dagangan
Back
28 May 2021

US Dollar Index clings to gains around 90.00 ahead of data

  • DXY looks around the 90.00 level on Friday.
  • US 10-year yields creep back above 1.60%.
  • Core PCE, U-Mich Index, Biden’s budget next of note.

The greenback reverses Thursday’s pullback and looks to extend the weekly recovery above the 90.00 yardstick when tracked by the US Dollar Index (DXY).

US Dollar Index focuses on data, Biden

The index manages to regain the smile and keep business around the key 90.00 neighbourhood at the end of the week, leaving behind at the same time Thursday’s pullback.

The better mood in the dollar comes in response to the recovery in US yields and speculations ahead of President Biden’s announcement of a multi-trillion budget (scheduled for later in the NA session).

In fact, yields of the key US 10-year reference extend the move further north of the 1.60% mark following weekly lows in the 1.55% area.

The US data space looks very interesting with the releases of Core PCE, Personal Income/Spending, the final Consumer Sentiment gauge for the month of May, Goods Trade Balance and Wholesale Inventories.

What to look for around USD

The index remains under pressure despite regaining the 90.00 neighbourhood in past hours. Looking at the broader scenario, the negative stance on the dollar seems to prevail among market participants, as speculation of higher inflation in the medium-term now looks to have lost momentum and the US economic outperformance narrative seems almost fully priced in. Bolstering the bearish view on the buck emerges further confirmation of the Fed’s mega-accommodative stance for the foreseeable future, as per recent FOMC Minutes and Fed-speakers.

Key events in the US this week: Core PCE, Personal Income/Spending, final U-Mich Index, President Biden’s budget announcement (Friday).

Eminent issues on the back boiler: Biden’s plans to support infrastructure and families, worth nearly $6 trillion. US-China trade conflict under the Biden’s administration. Tapering speculation vs. economic recovery. US real interest rates vs. Europe. Could US fiscal stimulus lead to overheating?

US Dollar Index relevant levels

Now, the index is gaining 0.14% at 90.13 and a breakout of 90.90 (weekly high May 11) would open the door to 91.08 (100-day SMA) and finally 91.43 (monthly high May 5). On the flip side, the next support is line up at 89.53 (monthly low May 25) followed by 89.20 (2021 low Jan.6) and then 88.94 (monthly low March 2018).

May 28, 2021

EUR/SEK to edge lower to 10.00 as Riksbank set to take cautious steps – Rabobank

The Riksbank appears not to be in any rush to withdraw stimulus. Readings of underlying inflation remain low. Given policy-makes focus on the EUR/SEK
Baca lagi Previous
May 28, 2021

Sweden Gross Domestic Product (YoY) in line with expectations (0%) in 1Q

Sweden Gross Domestic Product (YoY) in line with expectations (0%) in 1Q
Baca lagi Next