No problem — we will send you a password reset link to your registered email
Still no joy? Contact us
Thanks — all done!
Please check your inbox and follow
the instructions
Still no joy? Contact us
... and now a few questions so we can create your bespoke configuration
(we will email it to you)
You can answer the questionnaire later, or choose the default TradeRadius profile if you prefer
You Are Subscribed To TradeRadius News!
Link is expired. Please try again.
Your comment has been sent for moderation.
You are skipping the configuration step. It means we will apply default Quant Model configuration to your account. You will be able to answer the questions later. If you would like to get personalized configuration, please, answer on the questionnaire
live commentary Post
US Dollar favored due to global risk concerns
By TradeRadius | Mon, 14 Aug 2023 10:18:24 UTC
The US Dollar (USD) continues where it left off Friday evening at the US closing bell. The Greenback-favored sentiment this Monday is built on the once again disappointing numbers out of China. With Country Garden, an even bigger real estate developer than Evergrande, on the brink of collapse, Chinese loan data pointed to an 89% drop in distributed loans to companies and households. The Chinese credit crunch will further deteriorate its economic numbers and growth, threatening world economic growth in a spillover effect.
There are no important data points for Monday and the rest of the week. On Tuesday, US retail sales numbers will flavor the market, and on Wednesday the latest US Federal Reserve Minutes will be key data for further guidance and clues on where the US Dollar Index (DXY) might move later this week. Without pivotal data points, expect markets to be on autopilot with no real seismic shifts in current trends.
Daily digest: US Dollar picking up
US Dollar Index technical analysis: low-hanging fruit
The US Dollar continues its rally from last week and opens the week with gains against most major peers. The US Dollar Index (DXY) is increasing, printing another new monthly high. Special attention from a technical point of view for EUR/USD where the US Dollar is about to break both the 55-day and the 100-day Simple Moving Average and could see US Dollar strength helping the DXY to break a substantial cap on the upside.
For the upside, 103 as a big figure will be challenged today. A touch further up, the 200-day SMA at 103.37 will be a difficult cap to cross above. As no real big events are scheduled for this week, and already the DXY has printed a new monthly high this Monday morning, it is questionable if this sentiment-driven move will push the DXY above the important 200-day SMA.
On the downside, several levels will be tested regarding support. The first candidate is the high of Friday at 102.90. If that fails, look for 102.38 with the 55-day SMA and the 100-day SMA nearby as double belts for underpinning the price action in the US Dollar Index. Should some event or headline trigger a break-even below those two moving averages, expect to see 102 challenged to catch the falling price action.
Partners News
Elon Musk predicts crewed SpaceX flights to Mars by 2028, hopes for 'self-sustaining city' on planet
Fox News contributor Charles Hurt on why Democrats 'love' debt and the 'interesting' Musk-Trump interview on X. SpaceX founder Elon Musk made bold predictions about human life on Mars in a series of social media posts on Saturday.
By TradeRadius | 1 Hours Ago
Former President George W. Bush has no plans to endorse in the election
Former President George W. Bush does not plan to endorse a candidate for president, his office told NBC News on Saturday. When asked whether the former president or his wife, Laura, would endorse a candidate or make public how they will vote, Bush's office said "no."
By TradeRadius | 1 Hours Ago
Chinese giant Chery could build cars in UK
Chinese car giant Chery is weighing up the possibility of building cars in the UK, according to a senior executive. Its UK head Victor Zhang told the BBC it was a "matter of time" before the company made a final decision.
By TradeRadius | 2 Hours Ago
Yellen says U.S. economy remains solid, on path to 'soft landing' with no meaningful layoffs
Federal Reserve Chair Jerome Powell said in August that the U.S. economy might be ready for an interest rate cut.
By TradeRadius | 2 Hours Ago
Manufacturer recalls 1.5 million Ram pickup trucks over software issue
FOX Business’ Jeff Flock reports on the latest news emerging from the auto industry as data reveals insurance prices have surged year-over-year. Stellantis, an automotive manufacturer, is recalling around 1.5 million Ram pickup trucks due to a software issue that can disable a vehicle's e...
By TradeRadius | 3 Hours Ago
Brazilians rally to protest supreme court judge’s decision to ban X
Demonstrators say ruling by Alexandre de Moraes is unconstitutional assault on free speech
By TradeRadius | 4 Hours Ago
Contact Lenses Market to Expand by USD 4.99 Billion (2023-2027) Driven by Rising Myopia Rates, AI-Enhanced Report by Technavio
NEW YORK, Sept. 6, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global contact lenses market size is estimated to grow by USD 4.99 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of over 5.58% during the forecast period. Gr...
By TradeRadius | 4 Hours Ago
Medical Exoskeleton Market to grow by USD 2.87 billion from 2024-2028, driven by rising spinal cord injury cases, AI-powered report- Technavio
NEW YORK, Sept. 6, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global medical exoskeleton market size is estimated to grow by USD 2.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 55.77% during the forecast pe...
By TradeRadius | 4 Hours Ago
CHiQ Renews Sponsorship of FIS World Cup Events, Welcomes Skiing Champion Andreas Wellinger as New Brand Ambassador
BERLIN, Sept. 7, 2024 /PRNewswire/ — On September 6, coinciding with the opening of the IFA 2024, CHiQ held a ceremonial signing at its booth, reaffirming its partnership with the FIS World Cup Events and the German Ski Association (DSV). The move strengthens CHiQ’s foothold in the skiing world ...
By TradeRadius | 4 Hours Ago
Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 5, 2024
FINDLAY, Ohio, Sept. 6, 2024 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m. EST to discuss 2024 third-quarter financial results.
By TradeRadius | 4 Hours Ago
Subscribe to get news