Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

Commodity pairs are suffering as the US dollar rises

by Neville Hornsey
25 January 2022
in Markets
0
Commodity pairs are suffering as the US dollar rises
391
SHARES
10.7k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Market Wrap

See real-time quotes provided by our partner.

The US dollar continues to push higher into the previous balance zone, as US 10-year yields recover some of today’s losses as it rejected the 1.80% earlier. The appreciating greenback is weighing heavy on the other crosses and in particular the NZDUSD. The EURUSD is trading below yesterday’s low after a decent German ifo Business climate report as the prospect of the West/NATO and Russia going to war over the Ukraine increases.

The forex heatmap shows a market in balance today with no real risk-on or risk-off direction. Flows into the GBP, USD and yen are being cancelled by flows out of the Swiss franc and Kiwi.

There was some US based news out this afternoon with the focus on the final report by the University of Michigan released today showing that the Consumer Sentiment Index in the US decreased 2.5% monthly in January and came in at 68.8. It declined 12.9% from January 2021. Consumer Expectations dropped 3.5% monthly and 10.9% over the last year, while the Current Economic Conditions Index fell 1.3% monthly and was down 15.6% annually.

The Federal Reserve Bank of Richmond also reported that manufacturing activity in the Fifth District weakened somewhat in January. A decline in new orders and employment resulted in a fall in the composite index from 16 to 8 in January. In January, shipments made up the third component in the composite index, increasing from 12 in December to 14. The backlog of orders index dropped considerably in January, while the index for vendor lead time remained high and inventories indexes remained near historic lows. Firms expect wages to continue increasing, with the expected wage index remaining firmly in expansionary territory.

See real-time quotes provided by our partner.

The USDCAD has risen and traded through the old support and is finding resistance at the 1.2700 level. Brent continues to find support from the $85/$86 zone and is flirting with the $87 level, which should cap any further increases in the USDCAD unless the US dollar should go higher to test the $97.00.

The United States has stated that it is ready to apply “potent” sanctions and export controls on sensitive sectors of the Russian economy should it invade Ukraine. It would be economically damaging for Russia to not only invade and have sanctions applied but also to cut energy flows to Europe. Mainly because the Russian economy relies on energy exports.

See real-time quotes provided by our partner.

With geopolitical tensions rising as fast as the inflation gold is becoming more of a safe-haven play. Today’s breakout above $1850 was expected and now we just have to sit and wait for support to be confirmed. The trend is higher whilst the intraday price action is forming higher swing highs and higher swing lows, but also whilst the daily candles are printing consecutive higher highs and higher lows.

Tags: BrentCrude oilDXYEURUSDGBPUSDNZDUSDUSDUSDCAD
Previous Post

Is gold being supported by Chinese New Year purchases?

Next Post

UK100 Technical Analysis – UK politics could rock the FTSE

Next Post
UK100 Technical Analysis – UK politics could rock the FTSE

UK100 Technical Analysis - UK politics could rock the FTSE

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo