{"id":41596,"date":"2023-02-06T16:12:00","date_gmt":"2023-02-06T16:12:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=41596"},"modified":"2023-02-08T11:36:53","modified_gmt":"2023-02-08T11:36:53","slug":"market-wrap-us-dollar-slide-continues","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-us-dollar-slide-continues\/","title":{"rendered":"Market Wrap &#8211; US dollar slide continues"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"41596\" class=\"elementor elementor-41596\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ee2bfa6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ee2bfa6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9548a5f\" data-id=\"9548a5f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fb2d40 elementor-widget elementor-widget-text-editor\" data-id=\"7fb2d40\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Moves in financial markets from last Friday continued to spill over into the US trading session, with the US dollar edging higher at some pace and stocks falling.<\/p><p>In the US session the <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a> pair nudged below the 1.0750 level, while the <a href=\"https:\/\/bit.ly\/3WpA7u0\" target=\"_blank\" rel=\"noopener\">S&amp;P500<\/a> stayed around the 4,100 level but remained lower on the day around the scene of a golden cross on the charts.<\/p><p>Currently the <a href=\"https:\/\/bit.ly\/3hwxqIo\" target=\"_blank\" rel=\"noopener\">DXY<\/a> is rising towards the 103.60 level, which is the location of its 50-day moving average. The US dollar\u2019s 200-day moving average is found around the 106.30 area on the charts.<\/p><p>Markets were likely also booking ahead of a speech by Federal Reserve Chairman Jerome Powell Tuesday before the Economic Club of Washington.<\/p><p>Powell\u2019s comments on disinflation caused investors to bid shares higher last week and overlook another rate hike out of the central bank. It will also be interesting to see if he mentions Friday\u2019s strong jobs numbers.<\/p><p>Currently, investors seem to be looking past rate hikes and poor earnings, focusing instead on recent data that shows inflation trending lower in the hopes that the economy is headed for a soft landing and profits will be revived later in the year.<\/p><p>Earnings from the likes of <a href=\"https:\/\/bit.ly\/3aE7ao4\" target=\"_blank\" rel=\"noopener\">UBER<\/a>, <a href=\"http:\/\/bit.ly\/2O4FjSs\" target=\"_blank\" rel=\"noopener\">Disney<\/a>, <a href=\"https:\/\/bit.ly\/2Sr8fHw\" target=\"_blank\" rel=\"noopener\">BP<\/a>, <a href=\"https:\/\/bit.ly\/3xV2EPg\" target=\"_blank\" rel=\"noopener\">Robin Hood<\/a>, and <a href=\"https:\/\/bit.ly\/2MTjGaT\" target=\"_blank\" rel=\"noopener\">AstraZeneca<\/a> are also being pushed out this week, which could create more market volatility.<\/p><p>Volatility is also seen in the Japanese yen today. Basically, the yen fell across the board shortly after the start of trading this week on a\u00a0report that Bank of Japan Deputy governor Masayoshi Amamiya has been approached to take the reigns from Kuroda.<\/p><p>The two share a familiar policy view, so the chance of a hawkish shift is erased, which could push back expectation of a rate hike anytime soon.<\/p><p>The move lower in the yen has extended in US trading session as the buck gains traction. Instead, it&#8217;s rising global yields sparking a move lower in the yen and higher in <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">USD\/JPY<\/a>.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Moves in financial markets from last Friday continued to spill over into the US trading session, with the US dollar edging higher at some pace and stocks falling. In the US session the EURUSD pair nudged below the 1.0750 level, while the S&amp;P500 stayed around the 4,100 level but remained lower on the day around [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":16416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[80,18,67,40,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - US dollar slide continues - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-us-dollar-slide-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - US dollar slide continues Market Wrap - US dollar slide continues\" \/>\n<meta property=\"og:description\" content=\"Moves in financial markets from last Friday continued to spillover into the US trading session, with the US dollar edging higher at some pace and stocks falling.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-us-dollar-slide-continues\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-06T16:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-08T11:36:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/10\/GettyImages-488850737-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"664\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - US dollar slide continues Market Wrap - US dollar slide continues\" \/>\n<meta name=\"twitter:description\" content=\"Moves in financial markets from last Friday continued to spillover into the US trading session, with the US dollar edging higher at some pace and stocks falling.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-us-dollar-slide-continues\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-us-dollar-slide-continues\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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