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The US Dollar Is On the Move

Published 09/13/2017, 02:42 AM
Updated 07/09/2023, 06:31 AM
  • The JOLTS data beat the 6.116M market expectation and announced as 6.117M. The data shows that the employment in the US is on track and support the raise on the interest rates with shrinking the FED's balance sheet. Therefore, the possibilities for the rate hike is on the agenda again which supports the US dollar against all currencies.
  • The US Markets closed the day in the green area with the help of the better than expected JOLTS data and the increase in the risk appetite as the tension between the North Korea and the US continues to ease.
  • China is at stake, by the US, to make them follow the new implied sanctions of the EU. This forces China to be "the controller" of the North Korea, which can increase geopolitical tensions.
  • With the growth in the risk appetite, Asian markets having a high volume trade day, where the profit taking is on the move. As there is no increase on the fundamentals multiples, Asian markets stay in the green area with the demand and supply equilibrium.
  • Despite yesterday's profit taking in BIST 100, a 0.05% positive opening should be expected, where the reactions to the yesterday's sale might take place.
  • As the USA PPI, CPI and unemployment data announcements get closer, the US dollar has a strong possibility the gain value against all emerging market currencies.
  • Britain's inflation data, which announced yesterday, supported pound against dollar and euro. However, Carney thinks that the growth is still in danger and the uncertainty of the BREXIT continues.
  • The referendum for the Catalogna puts euro under pressure alongside with the possibility of the BREXIT.
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