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About: josephine

Recent Posts by josephine

Euro hits one-month low following Macron’s snap French election call

Key points: The Euro experienced a decline, reaching a one-month low, as French President Emmanuel Macron announced a snap legislative election, stirring political uncertainties. Concurrently, the dollar gained strength, buoyed by an unexpectedly strong U.S. jobs report last Friday, which tempered expectations for imminent rate cuts. Picture: The downside prevails for EUR/USD pairs. Download the Continue Reading

Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data

Key points: The Indonesian Rupiah marked a new four-year low on Monday, declining as much as 0.6% to 16,293.00 against the U.S. dollar, reflecting broader weaknesses among emerging Asian currencies. This downturn follows robust U.S. job data and precedes several upcoming central bank policy meetings. Picture: Indonesian Rupiah trading at 16,300 as seen on the Continue Reading

Aussie and kiwi weaken as U.S. risk events loom

Key points: The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared for the Federal Reserve policy meeting and U.S. inflation data. Bond markets lengthened the odds of early rate cuts at home, adding to the cautious sentiment. Aussie dollar dips on weak Chinese Yuan Picture: Aussie slumps as seen on the Continue Reading

Asian assets cautious ahead of US CPI data and Fed meeting

Key points: Emerging Asian markets were finely balanced on Tuesday as traders awaited the release of U.S. inflation data and the Federal Reserve’s policy meeting, which are set to influence future rate expectations. The Fed’s next policy decision, expected on Wednesday, is anticipated to result in policy rates remaining steady for the seventh consecutive meeting. Continue Reading

Gold prices tumble against strong US jobs data and rate cut uncertainty 

Key points:  Gold prices continued to tumble, weighed down by stronger-than-expected US nonfarm payrolls data. The yellow metal saw an observable drop, moving from $2,390 to $2,290 per ounce.   The image above shows the how gold is under pressure, as observed on the VT Markets app.  The nonfarm payrolls report for May revealed a substantial Continue Reading

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