Page 70 - Daniel Mccarthy News Today

The US Dollar ascendency might be resuming after the ECB hiked by 75 basis points but then talked down further hawkishness. Will the DXY Index reclaim new highs?

The Euro has rallied hard against the US Dollar as central bank policy moves are in focus with the ECB meeting today and the Federal Reserve next week. Will EUR/USD go higher?

The US Dollar ascendency has been broken as hopes are raised of an easing Federal Reserve hawkishness ahead of anticipated rate hikes by the ECB and the Fed. Will the DXY Index sink?

The crude oil price has steadied despite data revealing an increase in US inventory, perhaps aided by a weaker US Dollar as Treasury yields soften. If stockpiles swell again, will WTI sink?

The Euro inched higher against the US Dollar in anticipation of higher European rates while China’s growth prospects have been mired by policy uncertainty. Where to for EUR/USD?

The Japanese Yen consolidated on Tuesday after a hectic start to the week and following on from Friday where wide ranges dominated proceedings. Will the BoJ win in the USD/JPY battle?

The British Pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge.

The Australian Dollar has been chopped up of late as the global macro environment has created a high degree of uncertainty, but domestic CPI will be the focus in the week ahead.

The US Dollar gravitated to higher ground again today as markets watch Treasury yields march north and Japanese officials stand aside. Will the USD (DXY) index make a new peak?

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications.