Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes On Thursday, Asian shares and bonds enjoyed a rally, while the dollar faced significant losses. This shift in the market sentiment was fueled by lower-than-expected U.S. inflation figures, leading to the belief that the Federal Reserve may be […]
AUD/JPY Cross Gains Momentum, Surpassing 100-hour SMA after Hitting Two-day High
AUD/JPY Cross Gains Momentum, Surpassing 100-hour SMA after Hitting Two-day High The AUD/JPY cross is showing signs of momentum, pushing past the 100-hour Simple Moving Average (SMA) and reaching a two-day peak. This trend mirrors the progress of the EUR/USD pair, which is also advancing towards a fresh 2023 high close to 1.1150. The performance […]
European Stock Futures Show Slight Increase; U.S. CPI Identified as Crucial Factor
European Stock Futures Show Slight Increase; U.S. CPI Identified as Crucial Factor A slight uptick in European stock futures has been observed, with the U.S. Consumer Price Index (CPI) report playing a crucial role in the trend. As of 02:00 ET (06:00 GMT), Germany’s DAX futures contract traded 0.4% higher, while France’s CAC 40 futures […]
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month Japan’s wholesale inflation has been witnessing a steady slowdown for the sixth consecutive month as of June, largely attributed to the declining prices of fuel and commodities. The data, released on Wednesday, indicates an easing of the cost-push pressure that has previously escalated […]
Dollar Dips to Three-Month Low Anticipating Inflation Data
Dollar Dips to Three-Month Low Anticipating Inflation Data Anticipating the forthcoming US inflation report, the US dollar, a formidable force in the international currency market, has seen a decline, reaching a three-month low. This drop is seen as an indicator of the possibility that the Federal Reserve’s tightening strategy may be nearing its end. The […]
UK Government and BoE Pledge to Curb Inflation, Indicate High-Interest Rates May Persist
UK Government and BoE Pledge to Curb Inflation, Indicate High-Interest Rates May Persist The UK’s Finance Minister, Jeremy Hunt, has recently confirmed the government’s and the Bank of England’s (BoE) commitment to managing inflation and returning it to its 2% target. This assurance indicates that high-interest rates could persist for an extended period, a critical […]
US Dollar Dips Under Key Support Level
US Dollar Dips Under Key Support Level The financial week started on a cautiously optimistic note, with European and US stocks registering slight increases. However, investor sentiment was somewhat dampened by the announcement of stricter capital requirements for US banks. This news impacted the performance of several mega-cap companies, with tech giants such as Tesla […]
Asian Currency Markets Subdued Amid Fears of Rate Hikes and Intervention Speculation
Asian Currency Markets Subdued Amid Fears of Rate Hikes and Intervention Speculation Asian currency markets remained mostly stable on Friday as investors were looking for more indications regarding U.S. interest rate hikes. However, both the Chinese yuan and Japanese yen saw a slight rise due to ongoing speculation about potential government intervention in the currency […]
Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations
Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations The value of gold is approaching its fourth straight week of decline, driven by growing anticipation for hikes in interest rates. This sentiment has been fueled by recent U.S. employment data and statements from Federal Reserve policymakers hinting at sustained increases in interest rates. […]
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data The USD/CAD pair has recently reached a new three-week high, hitting 1.3375 during the London trading session. This rally of the Loonie asset comes in spite of the prevailing weakness in the US Dollar Index (DXY), rising oil prices, and the anticipated […]
USD/CHF modestly gains near 50-DMA, bulls eyeing a move above 0.9000
USD/CHF modestly gains near 50-DMA, bulls eyeing a move above 0.9000 The USD/CHF pair has been modestly gaining near the 50-day Simple Moving Average (SMA), with traders watching closely for a move above the significant 0.9000 level. This comes as the pair has continued to trade positively for the fourth day in a row. However, […]
US Dollar Index: DXY surpasses 103.00 amid Fed forecasts and China Concerns pre-US data
US Dollar Index: DXY surpasses 103.00 amid Fed forecasts and China Concerns pre-US data The US Dollar Index (DXY) oscillates near a weekly high of around 103.40, as market participants anticipate key US data and risk factors that could sustain the bullish trend of the DXY during Thursday’s early Asian session. The index maintains its […]
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited The Australian Dollar (AUD) is approaching 0.6680 against the US Dollar (USD), indicating a correction during the Asian trading period. This shift occurs as investors adopt a cautious stance in anticipation of the Federal Open Market Committee (FOMC) minutes and data on the US […]
Allianz’s Subran Warns of Increased Risk of Policy Mistakes from Fed or ECB
Allianz’s Subran Warns of Increased Risk of Policy Mistakes from Fed or ECB Ludovic Subran, Chief Economist at Allianz, has warned of the potential for policy missteps by US or euro-zone policymakers as they seek to tighten monetary conditions. Such errors could pose a serious threat to the global economy. During an interview with Bloomberg […]
USD/CAD Sees Modest Gains Near 1.3230-35, Awaits FOMC Minutes
USD/CAD Sees Modest Gains Near 1.3230-35, Awaits FOMC Minutes The USD/CAD pair has been a focal point for investors during Wednesday’s Asian session. This currency pair saw an uptick in buying, allowing it to recover from its weekly low of approximately 1.3200 achieved on Tuesday. At present, spot prices are hovering around the 1.3230-1.3235 range, […]
How to Become Amazing at Day Trading
How to Become Amazing at Day Trading Venturing into the financial markets with day trading can be an exhilarating and potentially lucrative pursuit. However, it necessitates a combination of skill, patience, and a robust comprehension of market intricacies. Whether your interest lies in online Forex trading or other financial instruments, here are some guidelines to […]
Hopes of Interest Rate Peak Propel European Stocks Higher
Hopes of Interest Rate Peak Propel European Stocks Higher Optimism over a possible peak in interest rates has given European stocks a slight boost. On Tuesday, minor gains were noted across the European stock market due to traders’ anticipation that central banks would avoid triggering a recession by excessively hiking interest rates in their effort […]
Quiet Market Witnesses Low Trading Volumes Amid US National Holiday
Quiet Market Witnesses Low Trading Volumes Amid US National Holiday The global financial markets recently experienced low trading volumes, largely attributed to the US national holiday, Independence Day. This resulted in closed US cash markets and a significant number of investors taking extended weekends, further contributing to the low activity. In the UK, gilts experienced […]