Dollar Remains Weak Amid Expectations of U.S. Rates Peaking
Dollar Remains Weak Amid Expectations of U.S. Rates Peaking The dollar continued to weaken against major currencies, reaching multi-month lows on the euro and other currencies as investors anticipate declining U.S. interest rates in the coming year. In early Asian trading, the dollar index slipped below its 200-day moving average, extending its recent weakness. The […]
Asian Stocks Reach 2-Month High as Dollar Takes Defensive Stance Amid Fed View
Asian Stocks Reach 2-Month High as Dollar Takes Defensive Stance Amid Fed View Asian stocks reached a two-month high on Tuesday, mirroring gains on Wall Street, while the dollar remained weak due to expectations that the U.S. Federal Reserve has concluded its interest rate hike cycle. The MSCI’s broadest index of Asia-Pacific shares outside Japan […]
Pimco Invests in Yen Anticipating Stricter BOJ Policies
Pimco Invests in Yen Anticipating Stricter BOJ Policies Pacific Investment Management Co. (Pimco) is strategically purchasing Japanese yen, speculating that Japan’s central bank may soon implement tighter monetary policies due to rising inflation. The investment firm took a bullish stance on the yen, building up a long position as the currency’s value dipped beyond 140 […]
Xi Jinping’s Visit Aims to Fortify China-US Relations
Xi Jinping’s Visit Aims to Fortify China-US Relations The recent four-day visit by President Xi Jinping to San Francisco has marked a pivotal moment for Sino-American relations, fostering a more stable and cooperative engagement between the world’s two largest economies, particularly in the Asia-Pacific region. The visit included a series of over 10 significant bilateral […]
USD/CAD Stalls Above 1.3700; Focus on FOMC Minutes, Canadian CPI
USD/CAD Stalls Above 1.3700; Focus on FOMC Minutes, Canadian CPI The USD/CAD currency pair has shown a retreat for the second day running during the Asian trading session on Monday. This downtrend is primarily attributed to a softer US Dollar and a dip in the US Treasury bond yields, signaling a potential shift in market […]
Australian Dollar holds above key level before US housing data release
Australian Dollar holds above key level before US housing data release The Australian Dollar (AUD) continues to navigate through difficult market conditions, maintaining its stance above a significant threshold as it grapples with losses incurred on Friday. This comes in the wake of disappointing economic figures from the United States (US), which were publicized on […]
US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown
US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown U.S. Treasury yields neared their lowest in two months on Thursday following a report that indicated a larger-than-anticipated rise in weekly jobless claims. This development strengthens the belief that the Federal Reserve may not be inclined to increase interest rates further to […]
USD/JPY dips below 150.50 amid cautious market mood, upcoming US housing data
USD/JPY dips below 150.50 amid cautious market mood, upcoming US housing data The USD/JPY currency pair continues its descent, now slipping below the 150.50 mark, amidst a broader context of market wariness and the anticipation of forthcoming U.S. housing sector data. This downward movement is part of a trend that’s been observed for two consecutive […]
How To Choose The Best Forex Broker For Your Trading Strategy
Choosing the best forex broker for your trading strategy is a crucial decision for any trader. The forex market, with its vast liquidity and 24/5 operation, offers ample opportunities for trading. However, the success of your trading endeavors largely depends on the broker you choose. In this article, we will explore key factors to consider […]
Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped
Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped Gold prices have seen an uptick, reaching a new daily high as a cautious mood in the market tempers risk appetite, suggesting a limited potential for further increases. On Thursday, gold (XAU/USD) halted its pullback from highs around the $1,975-1.976 mark […]
Steady Growth in Australian Employment Accompanied by a Slight Rise in Unemployment Rates
Steady Growth in Australian Employment Accompanied by a Slight Rise in Unemployment Rates Despite a stronger-than-anticipated surge in employment for October, Australia has seen a slight uptick in its unemployment rate, suggesting that the Reserve Bank of Australia (RBA) may need to implement further measures to temper demand and curb inflationary pressures. The Australian economy […]
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals The GBP/USD currency pair exhibits a steady stance above the 1.2400 level, navigating through a complex landscape of market signals and economic indicators. This stability comes after the pair recoiled from a near two-month high around the 1.2500 mark, following a setback from the 100-day Simple Moving […]
Japan’s Economy Contracts with Yen Fall, Rising Inflation
Japan’s Economy Contracts with Yen Fall, Rising Inflation Japan’s economic landscape has encountered another setback, entering a phase of contraction during the summer months, highlighting the delicate state of its economic recovery. This has prompted discussions about the necessity for ongoing assistance from both the Bank of Japan (BOJ) and the government. The nation’s Gross […]
AUD Rebounds Before US Economic Reports
AUD Rebounds Before US Economic Reports The Australian Dollar (AUD) experienced a resurgence, stabilizing around the key threshold of 0.6500 amidst global market movements on Wednesday. This stability comes after Tuesday’s release of the US Consumer Price Index (CPI) data, which revealed a sharper slowdown in US inflation than forecasted, prompting a considerable drop in […]
GBP/JPY Nears Multi-Year Peak, Over 188 Before UK Inflation Data
GBP/JPY Nears Multi-Year Peak, Over 188 Before UK Inflation Data As the British Pound to Japanese Yen (GBP/JPY) exchange rate hovers around a significant peak, surpassing the 188.00 threshold, market participants are keenly awaiting the upcoming UK inflation data with a sense of cautious optimism. The currency pair has demonstrated a resilient uptrend, garnering buying […]
US Faces 87% Increase in Debt Interest Costs at Fiscal Year Start
US Faces 87% Increase in Debt Interest Costs at Fiscal Year Start The United States commenced its fiscal year facing an 87% surge in the cost of interest on its national debt, a stark indicator of the financial burden that increased Treasury yields have imposed. In October, the government paid a striking $88.9 billion in […]
Australia and New Zealand Projected to Have Sub-3% Inflation by 2024
Australia and New Zealand Projected to Have Sub-3% Inflation by 2024 Goldman Sachs Group Inc. foresees a downward trend in inflation for Australia and New Zealand, anticipating it will drop slightly below 3% by the latter part of 2024. This projection aligns with the goals of the respective central banks and suggests a possible environment […]
NZD/USD Downward Trend Continues, Eyes on US Economic Indicators
NZD/USD Downward Trend Continues, Eyes on US Economic Indicators The New Zealand dollar, commonly referred to as the Kiwi, has seen a continuous decline, intensifying its losses to approach a value of 0.5870 against the US dollar during the Asian market hours on Tuesday. This downturn, which initiated on the 6th of November, is largely […]