DXYN News and Press, The Dixie Group Inc. From 01/24/24

2024-01-24 07:00:00 ET Summary After a strong showing yesterday, the dollar was sold in Asia and Europe. The dollar's decline has stretched intraday momentum indicators. The PBOC announced a 50 bp cut in reserve requirements, effective early next month. The eurozone's Janu...

2024-01-20 08:30:00 ET Summary The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years. It also features policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway's central bank....

2024-01-19 08:00:00 ET Summary The dollar's surge in the first part of the week has given way to consolidation. The equity rally in North America yesterday, which saw the NASDAQ 100 set a new record-high seemed to help bourses in Asia Pacific today. Japan's reported its nation...

2024-01-18 08:00:00 ET Summary This week's dollar surge is consolidating today. Interest rates have steadied, but the adjustment, which involves pushing the first rate from March toward June does not appear complete. The Australian labor market is slowing, but the December figures...

2024-01-13 09:45:00 ET Summary Given the world's turmoil, the capital and commodity markets have remained firm. China will be the first large economy to report Q4 GDP in the days ahead and it too is not collapsing. We think the market is still too confident of a rate cut as so...

2024-01-12 07:45:00 ET Summary The odds of a Fed rate cut in March is virtually unchanged. US and UK strike on the Houthi in Yemen has helped lift oil and gold prices, but otherwise the impact on the markets is minimal. Gold set a new high for the week. February WTI has re...

2024-01-11 07:00:00 ET Summary The dollar's broad consolidative tone has continued into today. China will report December CPI and PPI tomorrow. Recent news that European Council President Michel will leave his post early if he is elected to the European Parliament has renewed ...

2024-01-10 07:45:00 ET Summary The broad consolidation in the dollar after the gyrations at the end of last week continues. Japan reported a smaller-than-expected rise in Tokyo's December CPI and weaker-than-expected household spending in November yesterday. The dollar tested ...

2024-01-06 10:05:00 ET Summary The terribly mixed US jobs report spurred dramatic intraday swings in exchange and US interest rates. There is little doubt that the labor market is slowing. In the coming days, the world's three-largest economies, the US, China, and Japan will r...

2024-01-05 08:15:00 ET Summary Stocks have been hit by profit-taking to start this year. Gold is trading heavier. The yellow metal is trading lower for the fifth session in the past six as rising rates and a firmer dollar sap its recent strength. The US jobs report is the firs...