Analisis Forex & Kajian: 08.06.2023 - US dollar must retain global...

08.06.2023 01:49 PM

US dollar must retain global reserve currency status

In a meeting with House Democrats on Capitol Hill yesterday, the CEO of JPMorgan Chase Jamie Dimon expressed his views on the US economy and the US dollar.

Dimon stated that the status of the US dollar as the world's premier reserve currency should not be challenged, even against the backdrop of ongoing global de-dollarization trend. "The United States is the fundamental foundation of the global economy. The US dollar is the fundamental reserve currency", Dimon said.

JPMorgan Chase CEO said that the US economy is in good shape. "Consumers are in great shape, home prices have gone up for 10 years, asset prices have gone up, debt's in good position," he commented. However, Jamie Dimon pointed out that the US economy had minor problems ahead, highlighting excessive spending, the Federal Reserve's monetary tightening, and uncertainty related to oil, gas, and energy.

Dimon also commented on the debt ceiling. "I think it's fabulous we didn't have a debt ceiling crisis. I think it's great," Dimon said, indicating his preference for doing away with the debt ceiling altogether. It is noteworthy that last week, Congress passed a bill suspending the debt ceiling limit until January 2025.

"People rely on the standards of consistency we have, the rule of law, and the protection of interests. We shouldn't be challenging that," Jamie Dimon reiterated. International trading using local currencies, including the Chinese yuan, clearly reduce BRICS countries' dependence on the US dollar, which is a significant concern for US policymakers.

Premarket movers

Shares of payment company Affirm rose by 2.4% after Affirm and Amazon announced that Affirm's Adaptive Checkout, which offers customers time-payment plans, will now be an accepted payment method for merchants using Amazon Pay. The company's shares have added another 1.7% during the premarket.

Shares of autonomous driving technology company Mobileye rose by 2.84% yesterday after Canaccord Genuity upgraded its rating to 'buy.' The Wall Street firm noted that Mobileye was a resilient company that would also improve global supply chains. However, the company stock has already dropped by 1.0% in premarket trading today.

Coinbase rose by 3.2% on Wednesday after losing 12% in the previous session. The US Securities and Exchange Commission sued Coinbase this week, accusing the company of acting as an unregistered exchange and broker. In premarket trading today, its shares have lost 1.8%.

On the technical side, demand for the S&P 500, has decreased. It is debatable if there was any demand for the index earlier. Bulls still have a chance to start an upward trend, but they need to hold on to $4,290. The index might jump to $4,320 from that area. Maintaining control over $4,370 is equally a priority for S&P 500 bulls, which will strengthen the bull market. In case of a downward movement amid dwindling risk appetite and hawkish comments from Fed policymakers, buyers must act near $4,255 and $4,230. A quick breakout below these levels will push the trading instrument down to $4,175 and open the way towards $4,143.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Pasaran Saham pada 17 Mei: S&P 500 dan NASDAQ

Kemas Kini Pasaran Saham AS pada 17 Jun

Pasaran di barisan hadapan: inflasi, peluru berpandu, dan laporan korporat: yang mana satu akan menyebabkan pasaran saham jatuh dahulu?

Pasaran AS di Tengah-Tengah Perang Israel–Iran

Pada 16 Mei: Pasaran Saham S&P 500 dan NASDAQ Ditutup Lebih Rendah

Pasaran Saham pada 13 Mei: S&P 500 dan NASDAQ

Pasaran AS: Israel menyerang kemudahan nuklear Iran. Pasaran jatuh, minyak dan emas naik

Pasaran saham pada 12 Jun: SP500 dan NASDAQ sedikit menurun

Dataran Kewangan atau Landasan Lonjakan? Apa yang Mendorong Penangguhan Seketika Pertumbuhan Pasaran?

Kemaskini mengenai pasaran saham AS pada 11 Jun

Analisis terbaik