News & Analysis / Analysis / Economic calendar: NASDAQ 100 May Keep Falling, High Volatility in Oil Markets, Potential Appreciation of the US Dollar

Economic calendar: NASDAQ 100 May Keep Falling, High Volatility in Oil Markets, Potential Appreciation of the US Dollar

FXOpen

The US, Japan and the UK may have kept interest rates on hold last week, but with the Federal Reserve indicating that rates will stay higher for longer, there is turmoil in the equity markets. The NASDAQ 100 fell 500 points last week, and with weakness continuing into this morning's trading session, the volatility looks like it will continue throughout the week.

US durable goods orders (15:30 Wednesday) is the first meaningful economic release of the week. After a terrible -5.2% in July, analysts are expecting a modest decline of -0.4% for August. The final reading of US Q2 GDP is expected to show an increase to 2.2% when it is released on Thursday (15:30), as the US economy continues to tick over at a steady rate. This could give the US dollar a further boost.

Friday brings two key inflation readings. Firstly, from the Euro Area (12:00) where the ECB will be hoping the analysts have got it right with their predictions of a further drop to 4.5%. At 15:30, the Core PCE Price Index (which is the Federal Reserve's preferred measure of inflation) is released. A 0.2% increase is expected for August, but anything above this could ramp up the rhetoric about more Fed hikes in the coming months and further appreciation of the US dollar.

The oil markets continue to provide a fascinating mix of politics and market forces. Russia and Saudi continue with their supply restrictions whilst the biggest buyer, China, struggles with a stalling economy. Throw in the US trying to replenish the Strategic Petroleum Reserve, and the bulls are currently in the ascendancy, with WTI hitting $92 and Brent $95 before profit taking took the edge off the price. The medium-term trend is still positive, but with so many factors at play, the only guarantee is further volatility.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Stay ahead of the market!

Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.

forex

Instrument
Live ECN bid
Live ECN ask
Action
EURUSD
1.10267
1.10269
Trade
GBPUSD
1.30832
1.30835
Trade
AUDUSD
0.63185
0.63188
Trade
USDJPY
146.272
146.274
Trade
USDCAD
1.40925
1.40928
Trade
More
Forex Trading with FXOpen

Forex Trading with FXOpen

Experience ECN technology for deep liquidity and light-speed trade execution

  • Access over 50 markets
  • Trade with spreads from 0.0 pips
  • Take advantage of commissions from $1.50/lot
Learn more

Latest articles

Forex Analysis

USD/CHF Falls to Its Lowest Level in Nearly Five Months

Today, the exchange rate of one US dollar against the Swiss franc dropped below 0.87000 francs—its lowest level since early November 2024.

Since the start of 2025, the USD/CHF pair has declined by more than 4%.

Why

Indices

S&P 500 Index Hits 2025 Low Following Trump's Tariff Announcement

As shown on the S&P 500 Index (US SPX 500 mini on FXOpen) chart, the benchmark US stock index dropped below 5,450 points for the first time in 2025. This decline reflects the US stock market’s

Forex Analysis

Interest in the Dollar Declines Amid Trump's Escalating Trade Wars

The tariffs introduced by Trump yesterday on imports from various countries—20% on the EU, 34% on China, and 46% on Vietnam—have heightened uncertainty in the currency markets. As expected, these measures have contributed to increased volatility in major