确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Back

US Dollar Index rebound looks to regain 112.00 amid volatile markets, US PMIs, GDP in focus

  • US Dollar Index recovers from two-week low, pares the first weekly loss in three.
  • Challenges to sentiment, alleged intervention from Japan triggered the recent run-up.
  • Receding hawkish Fed bets, cautious mood ahead of the key data challenge buyers.
  • S&P Global PMIs for October will decorate today’s calendar but the first readings of US GDP will be crucial.

US Dollar Index (DXY) begins the week on firmer footing, after witnessing the first weekly loss in three, as buyers approach 112.00 during Monday’s Asian session. In doing so, the greenback’s gauge versus the six major currencies bounce off the lowest levels in two weeks, marked earlier in the day.

Chatters surrounding Japan’s meddling in the market to defend the yen appeared to have triggered the DXY’s latest rebound. Even so, Japan’s top currency diplomat Masato Kanda and Finance Minister Shunichi Suzuki resist to confirm the intervention, like they did in the past, during their latest communications.

Elsewhere, the news that Both North and South Korea have exchanged warning shots near their disputed western sea boundary, published on Monday, also seemed to have favored the US dollar buyers of late. On the same line could be the fears that China President Xi Jinping won’t hesitate to escalate geopolitical matters with the US when it comes to Taiwan. The reason could be linked to Jinping’s dominating performance at the annual Communist Party Congress after winning the third term in a row.

That said, the DXY dropped heavily on Friday while amplifying the first weekly negative in three as the hawkish Fed bets retreat after mixed Fedspeak. That said, St. Louis Fed President James Bullard said, “I want rates that put significant downward pressure on inflation.” On the same line, Chicago Fed President Charles Evans stated that they will need to raise rates further and hold them for a while. However, Nick Timiraos, Chief Economics Correspondent at The Wall Street Journal (WSJ) wrote that the Federal Reserve officials are barreling toward another interest-rate rise of 75 bps at their meeting in November and are likely to debate then whether and how to signal plans to approve a smaller increase in December.

Amid these plays, the US equities posted the largest weekly gains in four months while the US 10-year Treasury yield marked a 5% weekly gain while refreshing a 14-year high, despite posting mild losses on Friday. Also, the CME’s FedWatch Tool suggested a nearly 88% chance of the Fed’s 75 bps rate hike in November, after posting nearly 95% odds for the outcome earlier in the week.

Moving on, the Fed policymakers’ two-week silence ahead of November’s Federal Open Market Committee (FOMC) meeting may restrict USD/CHF moves. However, the preliminary readings for the US PMIs for October and the first readings of the US Gross Domestic Product for the third quarter (Q3), up for publishing on Monday and Thursday respectively, could entertain the pair traders. That said, the bulls may witness easy days ahead considering the likely mixed statistics and the recent risk-negatives.

Technical analysis

Despite bouncing off an upward sloping support line from August 11, around 111.60 by the press time, the US Dollar Index (DXY) needs to provide a daily closing beyond the six-week-old previous support, close to 112.05, to convince buyers.

 

EUR/USD recovers sharply to near 0.9900 as DXY drops, ECB policy in focus

The EUR/USD pair has recovered sharply to near the critical hurdle of 0.9900 in the early Asian session. The asset has displayed a responsive buying a
了解更多 Previous

Sovereign bond market turmoil to spill well into next year — RTRS poll

Turmoil in global sovereign bond markets is set to persist for another six months to a year as central banks carry on raising interest rates to bring
了解更多 Next