Fails Forex

  1. Fails Forex
The DXY recovery in the first quarter was repeatedly interrupted by multi-day pullbacks, but so far in April it has been declining almost every day without respite. Westpac economists expect further DXY declines as US yields are constrained by Powell’s determined dovish stance and optimism in Europe picks up as vaccinations pick up steam. “DXY […]
  1. Fails Forex
U.S. dollar rose, but marginally, despite a strong US first-quarter GDP report, as the persistent dovish forecast of the Federal Reserve and bold spending plans by the White House bolstered inflation expectations. According to the Commerce Department, the first quarter’s gross domestic product increased 6.4% year on year, the largest increase in the first quarter […]
  1. Fails Forex
Peter Vanden Hout, chief economist at ING, notes that the European Commission’s economic sentiment indicator rose sharply in April, allowing them to announce the end of the Covid-19 recession. “The European Commission’s economic sentiment indicator rose to 110.3 points in April from 100.9 points in March, beating the consensus forecast of 102.2 points. Sentiment has […]