Dollar Softens as Traders Doubt Further Fed Rate Rises
Dollar Softens as Traders Doubt Further Fed Rate Rises The dollar is not as strong as before because traders are not sure if the Federal Reserve will keep raising interest rates. Some data about jobs in the U.S. shows that things might be slowing down, which makes people think that the Fed might stop raising […]
USD Index Holds Steady at 103.60 Ahead of Crucial US Data
USD Index Holds Steady at 103.60 Ahead of Crucial US Data The USD Index (DXY), a gauge of the US dollar’s strength against a basket of major currencies, maintained a relatively stable position around the 103.60 mark as the week drew to a close. This steadiness in the index follows a robust rebound on Thursday, […]
EUR/GBP Steadies Around 0.8600 Before German CPI Data
EUR/GBP Steadies Around 0.8600 Before German CPI Data In the early stages of the European trading session on Wednesday, the EUR/GBP currency pair continued to exhibit stability within a relatively narrow range, confined between the levels of 0.8597 and 0.8607. The market’s collective attention is fixated on the imminent unveiling of Germany’s preliminary Consumer Price […]
China Approves 37 Retail Funds to Revitalize Market
China Approves 37 Retail Funds to Revitalize Market China’s government is taking steps to help its struggling stock market and economy by allowing the launch of 37 new retail funds, a move approved by the country’s securities regulator. These funds aim to give the market a much-needed push, as it has been facing various difficulties […]
August PMI Shows Slower Contraction in Japan’s Factory Activity
August PMI Shows Slower Contraction in Japan’s Factory Activity In the face of mounting challenges, Japan’s factory activity endured a third consecutive month of contraction in August, as indicated by a private sector survey. This prolonged decline was influenced by surging oil prices and persistent uncertainties surrounding the global economic landscape. However, while the trend […]
USD Index Nears 103.00 Despite Robust Yields, Eyes on US Data, Central Bankers
USD Index Nears 103.00 Despite Robust Yields, Eyes on US Data, Central Bankers Despite robust US Treasury bond yields, the US Dollar Index (DXY) continues to hover around the 103.30 mark in Tuesday’s Asian session, hitting an intraday low. The DXY’s lackluster performance is attributed to the mixed market sentiment and the focus on upcoming […]
Gold Touches 5-Week Low Amidst Continued High US Dollar and Elevated Yields
Gold Touches 5-Week Low Amidst Continued High US Dollar and Elevated Yields Gold prices experienced a notable dip, touching their lowest level in over five weeks on Monday, as both the U.S. dollar and bond yields showcased resilience. This market movement unfolded ahead of the imminent release of the U.S. Federal Reserve’s July meeting minutes, […]
US Dollar Index (DXY) Cautious Ahead of US Inflation Data
US Dollar Index (DXY) Cautious Ahead of US Inflation Data During Thursday’s Asian session, the US Dollar Index (DXY) hovers around 102.45, displaying a tentative stance following its first daily loss in three sessions. This index, which measures the Greenback’s performance against six major currencies, reflects the prevailing caution in the market as traders await […]
Japanese Yen Weakens Despite Unusual FX Warning from Ueda
Japanese Yen Weakens Despite Unusual FX Warning from Ueda The Japanese yen’s decline persists following the Bank of Japan’s (BOJ) unexpected adjustment to its yield curve control program. This shift has drawn the attention of central bank officials, especially since Governor Kazuo Ueda broke tradition by acknowledging that currency considerations influenced policy decisions. Ueda’s disclosure […]
WTI Crude Oil Supports OPEC+ Decision, US Dollar Retreats Near $83.00 High
WTI Crude Oil Supports OPEC+ Decision, US Dollar Retreats Near $83.00 High WTI crude oil has demonstrated resilience, holding onto modest gains around $82.90 in early Monday trading in Asia. The energy benchmark has maintained a three-day uptrend, reaching a four-month high. This price surge comes in response to favorable developments and positive market sentiment. […]
GBP/JPY shows uncertainty in intraday direction, remaining above 182.00 prior to BoE announcement
GBP/JPY shows uncertainty in intraday direction, remaining above 182.00 prior to BoE announcement The GBP/JPY currency pair is currently displaying uncertainty in its intraday direction, maintaining a position just above the 182.00 mark as the Asian trading session unfolds this Thursday. Investors appear to be in a state of anticipation, awaiting the outcome of the […]
BOJ’s Policy Adjustment Indicates No Departure from Ultra-Low Rates – Deputy Governor
BOJ’s Policy Adjustment Indicates No Departure from Ultra-Low Rates – Deputy Governor The Bank of Japan (BOJ) recently made changes to its bond yield control policy with the intention of ensuring the sustainability of its massive stimulus, rather than signaling an exit from ultra-low interest rates, according to Deputy Governor Shinichi Uchida. On Wednesday, Uchida […]
GBP/JPY Surges to a Three-Week High of 182.80-182.85 on Broad JPY Weakness
GBP/JPY Surges to a Three-Week High of 182.80-182.85 on Broad JPY Weakness The GBP/JPY pair has seen a significant rise for the second consecutive day on Monday, reaching a three-week high in the early European trading session. The pair is currently hovering around the 182.80-182.85 region, a surge of over 650 pips from Friday’s lowest […]
Dollar Plunges to Upper 138 Yen Zone Amidst Speculation Over BOJ Policy Adjustment
Dollar Plunges to Upper 138 Yen Zone Amidst Speculation Over BOJ Policy Adjustment The U.S. dollar saw a dramatic fall to the upper 138 yen level in Tokyo’s early trading hours on Friday. This substantial shift was driven by widespread speculation that the Bank of Japan (BOJ) may be considering adjustments to its ultra-easy monetary […]
ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]
EUR/USD Unlikely to Hit 1.1095 Before Fed/ECB Meetings
EUR/USD Unlikely to Hit 1.1095 Before Fed/ECB Meetings Global financial markets faced a significant shakeup yesterday, primarily driven by the less-than-stellar July Purchasing Managers Index (PMI) data from the European Monetary Union (EMU). Both the manufacturing and services sectors in the region showed distinct signs of contraction. This negative performance led to a pronounced drop […]
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision During the European session on Friday, the USD/JPY pair demonstrated strong upward momentum, crossing the 140.20 mark. This surge in the exchange rate can be attributed to the diverging monetary policies pursued by the Bank of Japan (BoJ) and the Federal Reserve (Fed). […]
RBNZ Maintains Wait-and-See Approach Despite CPI Indications
RBNZ Maintains Wait-and-See Approach Despite CPI Indications The Reserve Bank of New Zealand (RBNZ) continues to adopt a cautious approach, refraining from making immediate changes to its monetary policy despite the latest inflation data. This wait-and-see stance comes even as the Consumer Price Index (CPI) shows signs of an inflationary trend. In parallel news from […]