Quick Look USD/JPY shows a neutral intraday bias with sideways trading, support at 148.79, and a breakpoint at 150.87. The larger trend projection suggests an upward movement towards 155.50 from a base of 140.25. Japanese inflation rate in January hits 2.2%, indicating potential shifts in BoJ’s monetary policy. Upcoming US Q4 GDP and PCE data …
USD/JPY: Inflation Drives to 155.50 Amid Policy Shifts Read More »
Quick Look USD/CHF trades sideways near 0.8800, showing slight gains in the early European session. FOMC minutes reveal hesitancy to cut rates hastily, preferring to await more economic data. Swiss National Bank (SNB) President hints at possible rate cuts, contingent on upcoming inflation data. Geopolitical tensions in the Middle East impact safe-haven currencies, including the …
Sideways USD/CHF Near 0.8800 Amid Rate Hesitancy Read More »
Quick Look The US Dollar Index hovers around 104.00 amidst key financial events. Notable currency movements include USD/JPY, reaching 150.50, and GBP/USD, gaining 0.6% last week. NASDAQ 100, S&P 500, and Dow Jones 30 hit new all-time highs, reflecting bullish stock market sentiment. Canadian CPI shows a decrease, while US inflation data presents a slight …
Quick Look The US Dollar dips below 104.00 as risk sentiment improves, influenced by optimistic market events. Upcoming PMIs across major economies set to impact market dynamics. Federal Reserve’s January meeting minutes caution against premature policy easing. Currency movements see EUR/USD and GBP/USD gains, with notable shifts in commodity currencies. Market eyes on Nvidia’s earnings …
US Dollar Dips Below 104, PMIs & Fed’s View in Focus Read More »
Quick Look EUR/USD gains traction, trading above the 55-day EMA with an upside bias. USD/CAD exhibits neutral intraday bias, with range trading in focus. GBP/USD remains neutral, with the potential for a breakout or breakdown. Key economic indicators and the Federal Reserve’s policy meeting influence market dynamics. USD performance varies, showing weakness against the New …
Quick Look US 2-year Yield remains static above 5%, with market positioning aggressively net-short. Federal Reserve’s policy is expected to maintain the target range at 5.25% – 5.50% in the near term. A significant reduction in net-short exposure for US 2-Year Notes, hinting at potential yield declines. Technical analysis suggests a challenging environment for the …
5% US 2-Year Yield Battle: 2023’s Market Outlook Read More »
Quick Look U.S. inflation remains persistent, complicating the Federal Reserve’s easing cycle timeline. The yen struggles around 150 per dollar, facing a significant yearly decline amidst speculation. The dollar index exhibits resilience, climbing 3% this year amid changing rate cut expectations. Economic indicators highlight ongoing inflationary pressures, with mixed signals from retail sales and jobless …
Global Currency Shifts: Dollar Inflation & Yen’s 6% Dive Read More »
Quick Look US Dollar Index drops 0.4% ahead of key economic data releases. Retail Sales in the US declined by 0.8%; Initial Jobless Claims slightly improved. UK Retail Sales see a surprising 3.4% increase in January. Central banks in Japan and New Zealand reiterate monetary policy stances. Significant currency movements were observed across major pairs; …
Forex Update: Dollar Dips 0.4%, Gold Soars Past $2000 Read More »
Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …
Quick Look UK’s Claimant Count Change fell by 14.1K, showcasing a strong labour market. The US Federal Budget Balance worsened to -21.9 billion USD, indicating fiscal stress. UK’s unemployment rate remains low at 3.8%, with the Average Earnings Index rising by 5.8%. US inflation forecasts suggest mild monthly increases, with a year-over-year CPI expected at …
Economic Indicators: Unpacking Fiscal & Market Trends Read More »
Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …
The US Dollar’s Tug of War: Yields Up, Stocks Steady Read More »
Quick Look The US Dollar Index remains steady near 104.00, with Treasury yields showing slight gains. China reports mixed economic indicators, with a slight monthly CPI increase but a yearly decline and a drop in PPI. Major currency pairs exhibit varied performance, highlighting market sensitivity to global economic data and policy expectations. Gold maintains its …
Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz Read More »
At A Glance USD struggles to gain momentum, with the DXY index slightly above 104.00. Upcoming Goods Trade Balance data and a 10-year note auction could influence USD’s trajectory. Federal Reserve officials’ speeches are eagerly awaited for hints on future monetary policy. The USD shows weakness against major currencies amidst a positive shift in market …
Quick Look The Euro falls against the USD amid global currency shifts. Central bank policies, including potential ECB rate cuts, shape market dynamics. Economic indicators present mixed signals for the Eurozone and the US. Tuesday’s trading session saw the Euro decline significantly against the US dollar, underscoring the dollar’s dominance in the foreign exchange market. …
Euro Plunges: Central Bank Shifts Spark Market Turmoil Read More »
US Dollar Shows Resilience After Strong NFP Report The foreign exchange market began the week with a dynamic performance, where the US Dollar (USD) took centre stage. The USD displayed resilience against major currencies, building on momentum from an impressive surge. Factors such as escalating geopolitical tensions and the hawkish remarks of Federal Reserve (Fed) …
Geopolitics & Powell’s Words Impact the US Dollar Read More »
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