Daily market commentary: The dollar is back on a descending trajectory LeapRate

August 04, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is back on a descending trajectory

EUROPEAN SHARES Shares opened mostly higher in Europe following strong bullish momentum from the Asian trading session on Tuesday. Yesterday’s reassuring manufacturing PMIs in Europe followed by positive data in the US combined with lower virus cases in some states, have lifted global market sentiment higher. In addition, the current risk appetite is also sustained…

July 24, 2020 BY Valentina Kirilova

Daily market commentary: The dollar continues to lose ground

GOLD US Treasury Secretary Steven Mnuchin’s comments yesterday about the need for a stable US dollar, has not led investors to change their view on yellow metal, and gold fever remains huge. Bullion is getting closer to $1,900, while the only resistance left for gold is the historical peak of 2011, which is just 1%…

November 05, 2019 BY Valentina Kirilova

Trade talks rekindle reserves de-Dollarisation debate – Will Bitcoin benefit?

A lot has changed in global commerce in 75 years, but there is one thing that has not – the dependence of global trade on the U.S. Dollar. As World War II was ending, one monumental meeting resulted in the formation of the World Bank, the International Monetary Fund, and the establishment of the U.S.…

September 18, 2019 BY Valentina Kirilova

Trump vs the Fed: Thoughts on the Feud

AMarkets comments on the Trump vs the Fed hot topic in a special guest post exclusive to LeapRate. “Boneheads” is a new word we have learned thanks to Donald Trump. Once again, Mr. Trump confronted the Federal Reserve on the issue of not slashing the interest rates as he’d prefer. In short, he claims that zero-equivalent…

June 18, 2015 BY Mike Fox

FX trading volumes soaring as volatility returns - GBPUSD nearing 1.60, EURUSD above 1.14

LeapRate Exclusive... LeapRate has learned, in discussion with a number of leading executives at forex brokerage firms, that trading volumes have spiked following recent weakness in the US Dollar, and increased volatility across most major currency pairs. As such, we are likely to see higher trading volumes being reported next month. EUR/USD has shot back…

March 12, 2015 BY Mike Fox

ICE Futures U.S. sets daily volume and open interest records in ICE U.S. Dollar Index on March 11th

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures U.S. reported record daily volume and open interest in the ICE U.S. Dollar Index® (USDX®) on March 11, 2015. USDX traded 159,577 contracts on March 11, 2015; the previous daily volume record of 118,608 contracts was established…

December 20, 2014 BY Mike Fox

US Dollar Index hits eight year highs but speculator data shows traders more cautious

Speculators further pared their net long U.S. dollar position in the latest week to the smallest level in three months, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position slid by more than $7 billion to $34.64 billion in the week ended Dec. 16, from $42.19…

November 05, 2014 BY Mike Fox

USA: Dollar rallies as Republicans take control of congress

The American people have put their trust in the Republican Party, sending a GOP majority to the U.S. Senate. Voters delivered a strong conservative message rebuking the policies and direction of the country at a time when Barack Obama's approval ratings are sitting at all-time lows. So in the immediate term, what does that mean to the currency markets…

Tag: USD index