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The general index of the US dollar is settling with some rise for the fifth consecutive session with the opening of the European markets for the session today, Tuesday the 11th of October, to trade at 113.20 levels, up by 0.10%, benefiting from the high market expectations that the US Federal Reserve will continue to tighten monetary policy at the same pace by 75 basis points. At the meeting of the second of November. And the futures markets, according to the Fed Watch tool from CME, read the rate of the US Federal Reserve raising interest rates by 75 basis points in November, by 78% today, Tuesday, after the percentage exceeded 93% at the end of last week, Friday, after the American economy showed the addition of about 263 thousand jobs in the non-agricultural sector. In September, the unemployment rate fell to 3.5% from 3.7%, exceeding expectations. The yield on US Treasury bonds, in turn, supports the gains of the US dollar, as the yield on the ten-year treasury bonds tested the 4% levels today and is close to exceeding its September peak for the second time since 2008, while the 30-year yield is trading at its highest level since 2014 and the two-year yield exceeded its highest levels Since 2007. On the economic data front, the markets are awaiting the US inflation figures represented in the consumer price index for the month of September, which will be released on Thursday. The annual inflation is expected to decline to 8.1% in September from 8.3% in August. The US Federal Reserve’s minutes are expected to be released tomorrow, Wednesday, as markets will be watching Fed members’ discussions about future interest rates and inflation trends. The British pound is down for the fifth consecutive session and is trading at 1.1036 levels, despite the Bank of England’s moves on Tuesday morning and its announcement to buy up to 5 billion pounds of debt on the back of the bond market crash. The euro, in turn, appears stable with the opening session, trading at 0.9711 levels, despite the continuation of tensions between the Russian and Ukrainian sides.
image 11 October، 2022
image ابحاث السوق
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The general index of the US dollar is settling with some rise for the fifth consecutive session with the opening of the European markets for the session today, Tuesday the 11th of October, to trade at 113.20 levels, up by 0.10%, benefiting from the high market expectations that the US Federal Reserve will continue to tighten monetary policy at the same pace by 75 basis points. At the meeting of the second of November.
And the futures markets, according to the Fed Watch tool from CME, read the rate of the US Federal Reserve raising interest rates by 75 basis points in November, by 78% today, Tuesday, after the percentage exceeded 93% at the end of last week, Friday, after the American economy showed the addition of about 263 thousand jobs in the non-agricultural sector. In September, the unemployment rate fell to 3.5% from 3.7%, exceeding expectations.
The yield on US Treasury bonds, in turn, supports the gains of the US dollar, as the yield on the ten-year treasury bonds tested the 4% levels today and is close to exceeding its September peak for the second time since 2008, while the 30-year yield is trading at its highest level since 2014 and the two-year yield exceeded its highest levels Since 2007. On the economic data front, the markets are awaiting the US inflation figures represented in the consumer price index for the month of September, which will be released on Thursday.
The annual inflation is expected to decline to 8.1% in September from 8.3% in August. The US Federal Reserve’s minutes are expected to be released tomorrow, Wednesday, as markets will be watching Fed members’ discussions about future interest rates and inflation trends.
The British pound is down for the fifth consecutive session and is trading at 1.1036 levels, despite the Bank of England’s moves on Tuesday morning and its announcement to buy up to 5 billion pounds of debt on the back of the bond market crash.
The euro, in turn, appears stable with the opening session, trading at 0.9711 levels, despite the continuation of tensions between the Russian and Ukrainian sides.

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