Explore Special Offers & White Papers from ADMIS

Dollar Gains on Hawkish Fed


Hawkish comments from Federal Reserve officials are supporting the U.S. dollar.

The proportion of U.K. businesses expecting to raise prices has declined in the latest indication that price pressures have peaked after inflation hit a 41-year high last year. The Office for National Statistics said 18% of businesses expect to increase the prices of goods or services they sell next month, which is down from 23% in a similar survey conducted in the previous month.

Australia’s seasonally adjusted unemployment rate unexpectedly increased to 3.7% in April, which compares to market expectations of 3.5%. The number of unemployed individuals increased by 18,400 to 528,000, while employment declined by 4,300 totaling 13.88 million. This represents the first decline in employment over the past three months, falling short of market predictions of a 25,000 increase.


Stock index futures are mostly lower despite better than expected corporate earnings reports and a more optimistic tone to the debt ceiling increase talks.

Jobless claims in the week ended May 13 were 242,000 when 255,000 anticipated.

The May Philadelphia Federal Reserve manufacturing index was negative 10.4 when negative 20.0 was predicted.

There are two 9:00 central time reports. April existing home sales are anticipated to be 4.295 million, and April leading indicators are predicted to be down 0.6%.

Stock index futures have performed well in 2023 despite a variety of bearish news and an ongoing hawkish Federal Reserve.


Futures are lower due to hawkish comments from Federal Reserve officials.

Federal Reserve speakers today are Philip Jefferson at 8:05 and Lorrie Logan at 9:00.

The Federal Open Market Committee will probably keep its fed funds rate unchanged at its June 14 policy meeting.

A hawkish Fed is dominating the fundamentals in the near term.


Interested in more futures markets?  Explore our Market Dashboards here.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started