Dollar Index Outlook: Falls Almost 2% in Atypical Reaction on US Tariffs

In focus today Today, we will get January PMIs for both the euro area and the US. They will be the first indicator on how the major economies performed at the beginning of 2024. In the euro area, the manufacturing PMIs have risen since October in a signal of activity bottoming out in Q4 2023. […]

Key Highlights USD/JPY started a strong increase above the 145.00 resistance. A key bullish trend line is forming with support at 146.90 on the 4-hour chart. EUR/USD declined further and traded below the 1.0880 support. Gold prices trimmed gains and revisited the $2,000 support zone. USD/JPY Technical Analysis The US Dollar started a fresh increase […]

Markets were in waiting mode ahead of final pivotal data releases before September’s round of central bank meetings. Equity markets were mixed, with European main indices outperforming their US counterparts amid Nvidia’s somewhat disappointing earnings report, while bond yields were little changed. The post-Jackson Hole rally in EUR/USD cooled off, with the cross declining back below […]