Macro Pulse
Economic Calendar
DXY Climbs to 101.61 as German Orders Swing 14.5 Points
European Data Releases Drive Mixed Signals German factory orders rose 4.4% in September after a 10.1% drop which means the sharpest monthly swing in the…
Dollar Weakness Offsets Mixed PMI Prints at 101.51
Dollar Index Retreats to 101.51 on Broad Pair Strength DXY fell 0.35% to 101.51 because EURUSD climbed 0.38% to 1.1235 which means lower funding costs…
RBA Hold and Turkish Inflation Shape Mixed Dollar Regime
RBA Rate Hold Caps AUD Movement The RBA held the cash rate at 4.85% which means Australian policy stays restrictive and caps AUDUSD downside at…
Euro Retail Drop Anchors DXY Near 101.73 in Risk-Off
European Consumption Contraction German retail sales dropped 2.0% MoM in September which means euro area consumption is contracting and reduces near-term growth expectations for the…
European Stagflation Signals Weigh on Risk Assets
France GDP and Consumption Data France GDP contracted 0.1% QoQ in Q3 because household consumption fell 0.5% which means euro area growth is stalling at…
Dollar Eases to 101.86 on Mixed Global Prints, Singapore PPI at 48%
Dollar Index Retreats on Mixed Prints The US dollar index fell 0.32% to 101.86 because European and Asian data prints showed mixed inflation and credit…
Hotter Australian CPI Lifts AUD and Caps DXY at 102.11
Australian Inflation Data Australian inflation rate MoM printed 0.8% against 0.4% expected because the September outcome exceeded forecasts by 0.4 percentage points which means underlying…
The Fed held, but two votes wanted a hike. Warsh decides what that costs.
What the Fed did (verified, federalreserve.gov, 28 Oct, 18:00 UTC) Held the federal funds target range at 3.75% to 4.00%. Vote 10-2. Lisa Cook and…
DXY Holds 102.385 on Flat Euro Credit and UK Price Print
Dollar Index Movement DXY rose 0.42% to 102.385 because European loans to companies held at 4.2% and M3 at 3.5% which means limited euro support.…
Dollar Firmness and Heavy Data Slate Shape Neutral Risk Outlook
Dollar Index Movement and Drivers DXY rose 0.2% to 102.013 because USDJPY gained 0.64% which means broad dollar strength is weighing on EURUSD down 0.39%…