* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

US Dollar retreats with peers gaining during US holiday

May 27, 2024
in Business
US Dollar retreats with peers gaining during US holiday
Share on FacebookShare on Twitter

The US Dollar index (DXY) saw a bearish weekly close on Friday night. 
US markets are closed due to the Memorial Day holiday on Monday. 
The US Dollar could ease further after an important daily and weekly close on the charts. 

The US Dollar (USD) trades a little softer against most major peers on Monday as there is not much to report for the Greenback, with US markets closed for the Memorial Day holidays. However, on the other side of the Atlantic Ocean, a change in stance on the European Central Bank (ECB) is starting to form. 

There is a very quiet economic data calendar on Monday. Most of this week will be rather quiet, with only some soft data and US Federal Reserve (Fed) speeches ahead towards Thursday. Then, the second estimate for the Q1 US Gross Domestic Product (GDP) on Thursday and April’s US Personal Consumption Expenditures (PCE) numbers on Friday could hit markets and leave more clues on the disinflationary pathway in the US and what the Fed might do next. 

Daily digest market movers: ECB vs Fed

French ECB member François Villeroy de Galhau hinted that a second cut in July should not be excluded. This goes against the ‘one and done’ overall message most ECB members have been communicating. 
Traders are still looking into more details on a headline from Friday where President Vladimir Putin said to be willing to have a ceasefire and start up peace talks if current frontlines can be adhered to as new official borders. 
ECB Chief Economist Philip Lane said that an interest rate cut in June looks a given, though it might take longer for the next cut. This completely goes against the three-cut expectations from the markets, with several ECB policymakers recently saying that a June rate cut might be a ‘one and done’ for 2024.
There is risk-on sentiment across the board, with China and Europe markets comfortably in the green. 
The CME Fedwatch Tool is pricing 99.1% for no change in the policy rate for June. September futures are seeing more action, where it is a neck-and-neck race with 50.2% chances for keeping rates unchanged against 44.9% chances for a 25 basic points (bps) rate cut and 4.5% chances for even 50 bps rate cut. A marginal 0.5% price in an interest rate hike.
The benchmark 10-year US Treasury Note trades around 4.46% and is not moving on Monday with the US bank holiday. 

US Dollar Index Technical Analysis: Something is brewing

The US Dollar Index (DXY) faces a bit of a horror story on the technical front after its weekly close on Friday. First of all, on the weekly chart, the DXY closed below the 100-week Simple Moving Average (SMA), which is a severe bearish signal and could point to a further downturn. A similar picture is seen on the daily chart, where the DXY was unable to stay afloat above the 55-day SMA at 104.86 and gave up its gains for the week above 105.00. 

On the upside, the DXY index needs to reclaim those levels it lost last week: the 55-day Simple Moving Average (SMA) at 104.86 and the 105.00 big round level.  Further up, the following levels to consider are 105.12 and 105.52. 

On the downside, the 200-day SMA at 104.40 and the 100-day SMA around 104.30 are the last line of defence. Once that level snaps, an air pocket is placed between 104.30 and 103.00. Should the US Dollar decline persist, the low of March at 102.35 and the low from December at 100.62 are levels to consider.  

ECB FAQs

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.

Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/us-dollar-eases-slightly-as-us-markets-close-for-memorial-day-202405271216

Tags: businessDollarRetreats
Previous Post

Pound Sterling posts fresh two-month high amid soft US Dollar

Next Post

Natural Gas up nearly 3% on its road to recovery

World-Building With Daisies – 032C

Crafting Vibrant Worlds: The Art of Building with Daisies

September 29, 2025
Milei Vowed to Fix Argentina’s Economy. Then Came a New Crisis. – The New York Times

Milei Vowed to Fix Argentina’s Economy. Then Came a New Crisis. – The New York Times

September 29, 2025
Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

September 29, 2025
Report finds increased nitrates as fertilizer application poses costs to public health and farmers – Wisconsin Examiner

Rising Nitrate Levels from Fertilizer Use Threaten Public Health and Farmers’ Livelihoods

September 29, 2025
Michigan church shooting suspect went on anti-LDS tirade, political candidate said – Detroit Free Press

Michigan church shooting suspect went on anti-LDS tirade, political candidate said – Detroit Free Press

September 29, 2025
WEEKEND SCENE: Wolves, salmon, stormwater, more at 2025 West Seattle Ecology Fair, report #1 – West Seattle Blog…

Discover Wolves, Salmon, Stormwater, and More at the 2025 West Seattle Ecology Fair!

September 29, 2025
The Real Threat to Faith Isn’t Science – The Gospel Coalition

The Real Threat to Faith Isn’t Science – The Gospel Coalition

September 29, 2025
Trump Distorts Facts on Autism, Tylenol and Vaccines, Scientists Say – hepmag.com

Scientists Disprove Claims Connecting Autism to Tylenol and Vaccines

September 29, 2025
Our Favorite Store-Bought Coleslaw Can Be Found At Many Grocery Stores – Yahoo

Our Favorite Store-Bought Coleslaw Can Be Found At Many Grocery Stores – Yahoo

September 29, 2025
Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

September 29, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (842)
  • Economy (864)
  • Entertainment (21,738)
  • General (17,314)
  • Health (9,907)
  • Lifestyle (876)
  • News (22,149)
  • People (865)
  • Politics (874)
  • Science (16,073)
  • Sports (21,363)
  • Technology (15,846)
  • World (846)

Recent News

World-Building With Daisies – 032C

Crafting Vibrant Worlds: The Art of Building with Daisies

September 29, 2025
Milei Vowed to Fix Argentina’s Economy. Then Came a New Crisis. – The New York Times

Milei Vowed to Fix Argentina’s Economy. Then Came a New Crisis. – The New York Times

September 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version