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About: shmarkets
Recent Posts by shmarkets
05 May 2022 – Daily FX Update
Overview USDX drops after Fed rate hike Sterling pound waits for BOE decision Gold shines to hedge after Fed rate FOREX Dollar Index (USDX) The Federal Reserve (Fed) on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank’s chief appealed toContinue Reading
03 May 2022 – Daily FX Update
Overview Fed starts a two-day meeting Eurozone Unemployment improves Gold is at the lowest since February FOREX U.S. Dollar Index The dollar was down on Tuesday morning in Asia, with the Fed widely expected to further tighten its monetary policy as it begins its two-day meeting. The U.S. Dollar Index was down 0.29% to 103.23,Continue Reading
02 May 2022 – Daily FX Update
Overview German data is not helping Bonds steal the light from gold Trading volume is low due to holidays FOREX U.S. Dollar The dollar was higher in early trade in Europe on Monday, riding another wave of risk aversion as fresh economic data testified to a sharp economic slowdown in China. The dollar index wasContinue Reading
29 April 2022 – Daily FX Update
Overview Euro loses to growth numbers Gold in a safe-haven-ish situation Investors discount Fed expectations FOREX U.S. Dollar Index The dollar was down on Friday morning in Asia but held firm at a 20-year high and is set for its best monthly gain in a decade. Bets on rising U.S. interest rates, alongside doubts aboutContinue Reading
28 April 2022 – Daily FX Update
Overview European data is weaker again Gold dipped below $1,900 Markets await Fed’s meeting FOREX U.S. Dollar The dollar hit a five-year high yesterday as market participants await the Federal Reserve next week which is expected to hike rates. Meanwhile, the euro weakened on growth concerns after Russia cut off gas supplies to parts ofContinue Reading
