Investing.com – Investing.com – The dollar pushed lower against the other major currencies on Tuesday, weighed by the release of downbeat U.S. durable goods data, while investors eyed the outcome of Wednesday’s Federal Reserve meeting. The U.S. Commerce Department reported that total durable goods orders dropped 3.4% last month, compared to expectations for a Read More
Author: Dollar Index
The dollar’s surge is reducing earnings at American companies from Procter & Gamble Co. (PG) to Pfizer Inc. (PFE) and DuPont Co. that make a large portion of their revenue abroad. P&G, the world’s biggest consumer-products maker, today reported profit that missed analysts’ estimates in the quarter ended Dec. 31 after what Chief Executive Officer Read More
Talking Points: US Dollar Chart Setup Hints at Turn Downward Ahead S&P 500 Still Treading Water Near Monthly Range Top Gold Prices Continue Pullback, Crude Oil Flat-Lining Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. ** US DOLLAR TECHNICAL ANALYSIS – Prices put in a Shooting Star Read More
Dollar bulls say Europe’s 1.1 trillion euro ($ 1.23 trillion) bond-buying plan will bring the Federal Reserve a step closer to raising interest rates before the year’s out. By pumping cash into global markets, the European Central Bank may clear the way for the U.S. to tighten its own money supply without stoking volatility, according Read More
Closer ties between the performance of U.S. stocks and the dollar may persist until the early stages of the next bear market for shares, according to Michael Shaoul, chief executive officer of Marketfield Asset Management LLC. The CHART OF THE DAY displays an indicator that Shaoul cited in a note to clients yesterday: the correlation Read More
The NZ dollar traded near a three-year low after failing to push below 74 US cents, a level it hasn’t breached since late 2011. The kiwi traded at 74.31 US cents as at 5 pm in Wellington, from 74.50 cents in New York on Friday. Earlier, it fell as low as 74.07 cents. The trade-weighted Read More
Wall Street analysts’ forecasts have a habit of tending toward optimism. Considering what is going on with oil and the dollar, right now they are tending toward the ridiculous. Companies are in the midst of reporting fourth-quarter numbers, and so far the news has been less than good. As of Friday, with results from Read More
Talking Points: US Dollar Moves to Challenge Critical 6-Year Resistance Point S&P 500 Continues Choppy Consolidation Under 2100 Figure Crude Oil Locked in Range Above $ 47, Gold Stuck Below $ 1300 Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. ** US DOLLAR TECHNICAL ANALYSIS – Prices Read More
The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents this morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when Read More
The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents on Monday morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when Read More