The dollar index (DXY00) Thursday retreated from a 1-week high and finished down by -0.33%. The dollar slid Thursday after US weekly jobless claims unexpectedly increased, which signaled a weaker labor market that is dovish for Fed policy. Also, strength in the euro weighed on the dollar as the euro moved higher after the ECB delivered a hawkish rate cut when it refrained from pre-committing to future interest rate cuts after cutting rates Thursday.
On the positive side for the dollar, Thursday’s as-expected US Aug PPI report dampened speculation that the Fed will cut interest rates by 50 bp at next week’s FOMC meeting.
US weekly initial unemployment claims unexpectedly rose +2,000 to 230,000, showing a slightly weaker labor market than expectations of a decline to 226,000.
US Aug PPI final demand eased to +1.7% y/y from +2.1% y/y in July, right on expectations and the smallest increase in 6 months. Aug PPI ex-food and energy rose +2.4 % y/y, up from +2.3% y/y i. Read more
The dollar index (DXY00 ) Thursday retreated from a 1-week high and finished down by -0.33%. The dollar slid Thursday after US weekly jobless claims unexpectedly increased, which signaled a weaker labor.
DXY00 : 101.028 (-0.33%) ^EURUSD : 1.10896 (+0.14%) ^USDJPY : 140.682 (-0.80%)
Phil Streible breaks down the key drivers, levels and an actionable trade in the Gold market.
The dollar index (DXY00 ) today fell back from a 1-week high and is down by -0.10%. The dollar slipped today after US weekly jobless claims unexpectedly increased, which signaled a weaker labor market.
DXY00 : 101.028 (-0.33%) ^EURUSD : 1.10896 (+0.14%) ^USDJPY : 140.682 (-0.80%)
Yesterday’s EIA report showed commercial stockpiles still hovering around five-year lows, and refinery utilization came in (again) stronger than expected.
Stay on top of overnight market moves and get expert analysis for the day ahead. In today’s Metals Minute, uncover essential levels, trade insights, and key highlights to keep you ahead of the game!
The dollar index (DXY00 ) Wednesday rose by +0.05%. The dollar Wednesday recovered from early losses and climbed to a 1-week high after the as-expected US Aug core CPI report diminished the chances of.
DXY00 : 101.028 (-0.33%) ^EURUSD : 1.10896 (+0.14%) ^USDJPY : 140.682 (-0.80%)
The dollar index (DXY00 ) today is up by +0.05%. The dollar today recovered from early losses and climbed to a 1-week high after the as-expected US Aug CPI report diminished the chances of a 50 bp rate.
DXY00 : 101.028 (-0.33%) ^EURUSD : 1.10896 (+0.14%) ^USDJPY : 140.682 (-0.80%)
CPI can trigger moves in gold and mining stocks.
Discover the latest overnight developments and expert insights to prepare for the trading day ahead. Explore today’s Metals Minute for key levels, valuable trade insights, and top market highlights to.
The dollar index (DXY00 ) on Tuesday rose slightly by +0.08%, supported by reduced speculation about a 50 bp rate cut by the Fed. The swap markets are discounting the chances for a 50 bp rate cut at next.
DXY00 : 101.028 (-0.33%) ^EURUSD : 1.10896 (+0.14%) ^USDJPY : 140.682 (-0.80%)The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.
| Symbol | Last | 3M %Chg |
|---|---|---|
| GCZ23 | 2,081.9s | +10.10% |
| Gold Dec '23 | ||
| IAU | 48.32 | +10.12% |
| Gold Trust Ishares | ||
| GLD | 236.33 | +10.06% |
| Gold SPDR | ||
| PHYS | 19.80 | +9.63% |
| Sprott Physical Gold Trust ETV | ||
| DBP | 61.89 | +7.77% |
| DB Precious Metals Fund Invesco | ||
| GLTR | 110.24 | +7.26% |
| Physical Precious Metals Basket ETF | ||
| 3rd Resistance Point | 2,104.7 |
| 2nd Resistance Point | 2,093.3 |
| 1st Resistance Point | 2,087.6 |
| Last Price | 2,081.9s |
| 1st Support Level | 2,070.5 |
| 2nd Support Level | 2,059.1 |
| 3rd Support Level | 2,053.4 |
| 52-Week High | 2,130.2 |
| Last Price | 2,081.9s |
| Fibonacci 61.8% | 2,013.0 |
| Fibonacci 50% | 1,976.8 |
| Fibonacci 38.2% | 1,940.7 |
| 52-Week Low | 1,823.5 |
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