After months of relatively subdued volatility in FX markets, conditions have shifted abruptly. Over the past four sessions, the USD Index has recorded its worst performance since April 2025 (the days following the initial tariff announcements). With a -0.83% decline yesterday, the greenback has depreciated to levels last seen four years ago, in February 2022. […]
In recent years, it has happened on several occasions that Japanese monetary and government authorities (often in coordination with their counterparts) begin to express concern when USD/JPY moves above the 150 level and step into the FX market to stabilize the domestic currency as it approaches the 160 area. The first intervention took place in […]
Over the past several weeks, the USD had experienced a series of modest appreciation sessions, clearly visible against both the Euro and the Swiss Franc. This move unfolded within a persistently low-volatility environment, which has kept the USD Index trading broadly sideways throughout the entirety of H2 2025, following a pronounced depreciation in the first […]
In a week packed with macroeconomic releases—one that will see four major central banks, including the Federal Reserve, announce potential changes to their monetary policy—the USD Index (USDX) begins trading at 98.63. This places the index closer to its H2 2025 highs (100.35 recorded on 20 November) than to its semiannual lows (95.85 reached on […]
It is generally undesirable for markets to approach a holiday period with unresolved concerns. While the “Santa Claus rally” is well known, markets also tend to perform strongly ahead of other holidays, including this week’s Thanksgiving break. This is a shortened trading week in the United States, with equity markets closed today and reduced hours […]
Lisa Cook, appointed by President Biden and the first Black woman to serve on the Federal Reserve Board, has become the first sitting governor in modern history to be removed by a president. Trump Invokes Rare Removal Statute President Donald Trump invoked a seldom-used statute permitting removal “for cause,” citing allegations of mortgage fraud as […]
The U.S. dollar edged lower on Monday as investors monitored developments in the Israel-Iran conflict and looked ahead to a packed week of central bank meetings, including the Federal Reserve’s highly anticipated decision. As of 04:15 ET (08:15 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at […]
U.S. stock index futures rose slightly on Wednesday as investors awaited the Federal Reserve’s latest policy decision for insights into the state of the world’s largest economy. As of 06:40 ET (10:40 GMT), Dow Jones Futures were up 45 points or 0.1%, S&P 500 Futures gained 15 points or 0.3%, and Nasdaq 100 Futures climbed […]
U.S. stock index futures fell on Monday as investors remained concerned that uncertainty over trade tariffs could weigh on the world’s largest economy. As of 07:00 ET (11:00 GMT), Dow Jones Futures dropped 103 points, or 0.3%, S&P 500 Futures declined 11 points, or 0.2%, and Nasdaq 100 Futures slipped 25 points, or 0.1%. While […]
U.S. stock index futures rose on Wednesday, showing signs of recovery from the previous day’s decline on Wall Street, as investors eagerly anticipated the Federal Reserve’s long-awaited rate cut. Markets have almost fully priced in a 25 basis point reduction at the conclusion of the Fed’s meeting on Wednesday. Attention will now shift to signals […]
