U.S. Dollar Fundamental Analysis going into Week 2 September 21
Following the dismal August US Nonfarm Payrolls data, the US Dollar's rebound (as indicated by the DXY Index) has helped to take some of the shine off gold prices during the last week. Because the expected decline in US fiscal and monetary stimulus has come — pandemic-era unemployment benefits have expired, and the Federal Reserve's taper announcement seems to be on the horizon – the once-promising underlying backdrop for gold prices appears to be in the rearview mirror. Aside from the potential of a deadlock in the US debt limit discussion (as in 2011), there seem to be few positive triggers for gold prices in the coming months, according to the most current statistics.
The US Dollar's recovery (as measured by the DXY Index) after the poor August US Nonfarm Payrolls report has helped take some of the luster off gold prices during the last week. Because the anticipated decrease in US fiscal and monetary stimulus has arrived – pandemic-era unemployment benefits have ended, and the Federal Reserve's tapering announcement is approaching – gold's once-optimistic underlying backdrop seems to be in the rearview mirror. Aside from the possibility of another stalemate in the US debt ceiling problem (as happened in 2011), there seem to be few positive catalysts for gold prices in the coming months, according to the most recent data.
The release of the US Consumer Price Index (CPI) is expected to have an effect on the US Dollar during the Federal Reserve's blackout period, as the central bank prepares for a short increase in inflation. The release of the US Consumer Price Index (CPI) is expected to have an effect on the US Dollar during the Federal Reserve's blackout period, as the central bank prepares for a short increase in inflation. The US Dollar Index (DXY) has broken out of its September beginning range as a result of weaker-than-expected Non-Farm Payrolls (NFP) data. The US dollar, on the other hand, is likely to face headwinds ahead of the Federal Open Market Committee's (FOMC) rate decision on September 22, since inflation is expected to fall for the first time this year.
11:28:32 (UTC)
Mon Sep 13, 2021
The US Dollar's recovery (as measured by the DXY Index) after the poor August US Nonfarm Payrolls report has helped take some of the luster off gold prices during the last week. Because the anticipated decrease in US fiscal and monetary stimulus has arrived – pandemic-era unemployment benefits have ended, and the Federal Reserve's tapering announcement is approaching – gold's once-optimistic underlying backdrop seems to be in the rearview mirror. Aside from the possibility of another stalemate in the US debt ceiling problem (as happened in 2011), there seem to be few positive catalysts for gold prices in the coming months, according to the most recent data.
The release of the US Consumer Price Index (CPI) is expected to have an effect on the US Dollar during the Federal Reserve's blackout period, as the central bank prepares for a short increase in inflation. The release of the US Consumer Price Index (CPI) is expected to have an effect on the US Dollar during the Federal Reserve's blackout period, as the central bank prepares for a short increase in inflation. The US Dollar Index (DXY) has broken out of its September beginning range as a result of weaker-than-expected Non-Farm Payrolls (NFP) data. The US dollar, on the other hand, is likely to face headwinds ahead of the Federal Open Market Committee's (FOMC) rate decision on September 22, since inflation is expected to fall for the first time this year.
11:28:32 (UTC)
Mon Sep 13, 2021
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