U.S. dollar page 2

Key events:       Eurozone - ECB President Lagarde Speaks      USA - Core PCE Price Index (MoM) (Dec)   USA - Pending Home Sales (MoM) (Dec)   The dollar gained against all currencies of the Big Ten yesterday amid the published economic data. The strengthening of the dollar coincided with the growth of risk appetite in Europe and the U.S. In this case, the yield on 2-year U.S. Treasury notes interrupted a two-day decline and rose Thursday to 4.18%, and the yield on 10-year bonds rose 5 bps to 3.49%.

Key events:       USA - Christmas Canada - Christmas Switzerland - St. Stephen's Day UK - Boxing Day Australia - Boxing Day New Zealand - Boxing Day  

Key events:       UK – Retail Sales (MoM) (Nov)   UK – Composite PMI    UK – Manufacturing PMI   UK – Services PMI    Eurozone – CPI (YoY) (Nov)   The dollar rallied against all Big Ten currencies on Thursday. This strengthening was very broad-based, with 85 of the 146 currencies tracked by Bloomberg falling against the U.S. competitor. Four major precious metals also lost ground.

Key events:       Switzerland  – Interest Rate Decision (Q4)     Eurozone – EU Leaders Summit      UK – BoE Interest Rate Decision (Dec)     Eurozone – ECB Interest Rate Decision (Dec) USA – Core Retail Sales (MoM) (Nov)   USA – Initial Jobless Claims     Eurozone – ECB President Lagarde Speaks    

Active trading can be stressful, time-consuming, and not yield the desired results. On the other hand, there are alternatives. You can look for an approach to investing that is less burdensome to your resources and requires less time, as many other investors do. Or just a more passive method of investing.

Key events: UK – Construction PMI (Nov) Canada – Ivey PMI (Nov) Australia – RBA Rate Statement      USA – EIA Short-Term Energy Outlook   U.S. stocks fell while bond yields jumped after the release of positive ISM service sector data suggesting that the most important part of the U.S. economy, where sticky inflation lives, is not close to collapse.

Key events: UK – Manufacturing PMI (Nov) USA – Core PCE Price Index (MoM) (Oct) USA – Initial Jobless Claims   USA – ISM Manufacturing PMI (Nov) The U.S. dollar is declining against major currencies in trading Thursday morning after a speech the day before by U.S. Federal Reserve (Fed) Chairman Jerome Powell.

Key events:   Eurozone – ECB's Supervisory Board Member Jochnick Speaks      Eurozone – ECB's De Guindos Speaks     The dollar weakened against all of the Big Ten currencies except the Swiss franc on Thursday. It showed a three-day decline and closed at its lowest level since August 12.  DXY held positions at 105.80 during yesterday's trading session, consolidating after aggressive selling the day before, which resulted in the asset having to retreat to local lows again.

Investors rely on a variety of tools in an attempt to determine the current and future state of the market. This set includes synthetic ones, such as stock indices, which allow evaluating the situation as a whole, without losing time analyzing a multitude of individual assets. Among the many indices used in the stock market, the dollar index stands out. What is it and how to use it in investments?

Key events: UK – Composite PMI    UK – Manufacturing PMI    UK – Services PMI    USA – Building Permits   USA – Core Durable Goods Orders (MoM) (Oct) USA – Initial Jobless Claims USA – New Home Sales (Oct) USA – Crude Oil Inventories USA – FOMC Meeting Minutes