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Tag Archives: Dollar Index

Supply Chain Inflation Stagnates, Fed Chair Powell Rules Out Rate Hikes 

The US Producer Price Index witnessed a 0.5% month-over-month increase in April 2024, representing a significant change from the 0.1% decrease observed in March, revised down from earlier reports. The April uptick surpassed the anticipated 0.3% rise.  Service prices saw their biggest jump since July, climbing 0.6% after a revised 0.1% decrease the previous month. […]

U.S. Markets Rally on Rekindled Hopes for September Rate Cuts 

The US labor market showed signs of cooling in April 2024, with employment growth decelerating and the unemployment rate ticking up. According to the latest data, the US economy added 175,000 jobs in April, falling short of market expectations of a 243,000 increase.   The figure also represents a significant slowdown compared to the upwardly revised […]

Robust U.S. Retail Sales Drive Dollar’s Surge 

In March 2024, retail sales in the United States increased by 0.7% from the previous month. The rise followed a revised increase of 0.9% in February, which was significantly higher than the anticipated 0.3%. Such figures indicate that consumer spending is holding strong.  Among the 13 major categories, sales rose in eight. Notable jumps were […]

Persistent Inflation Pressures Fed to Stay Resolute on Rates 

The U.S. personal consumption expenditure price index (PCE) increased 0.3% month-over-month in February 2024. The increase was lower than the upwardly revised 0.4% rise in January and lower than the forecasted 0.4%. Prices for services went up 0.3%, while prices for goods rose 0.5%. The annual rate edged up to 2.5%, in line with forecasts, […]

Focus on USDX today – 26th March 2024 

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for 26th March 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  4-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Producer Inflation Accelerated Again, highlighted ‘Last Mile’ Challenge for Federal Reserve 

In February 2024, the United States observed a month-over-month escalation in the Final Demand Producer Price Index (PPI) by 0.6%, indicating the largest growth since the previous August, exceeding the 0.3% advance anticipated by the market. A significant rise of 1.2% was seen in the prices of goods, driven largely by a boost of 4.4% […]

Dollar Index Reaches One-Month Peak on Rate Cut Uncertainty

Dollar Index Surges to One-Month High Amidst Uncertainty Over Rate Cuts The dollar index has surged to a one-month high, reaching an impressive 103.4 on the index. This unexpected spike comes as investors reassess their expectations for interest rate cuts, reflecting a shift in sentiment that has captured the attention of financial markets. (Dollar Index […]

US Jobless Claims Plummet, Empowering the Dollar Resilience

Key Indicators and Market Impact Jobless Claim Decline in Jobless Claims The United States Department of Labor’s most recent statistics shows a notable decrease in unemployment claims for the week ending November 18. Unemployment claims fell to 209,000, below market forecasts and reversing a three-month high from the week before. Continuing claims, measuring ongoing unemployment, […]