Forex

Key points: Nikkei fell 0.12% by midday, after earlier gains BOJ expected to keep interest rates steady and consider balance sheet reduction Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This …

Key points: KOSPI rises as foreigners become net buyers Korean won strengthens against the dollar South Korea’s benchmark bond yield falls South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. …

Key Points:  Japanese yen holds around 157.2 per dollar, despite stronger-than-expected producer inflation.  Producer prices in Japan rose 2.4% year-on-year in May 2024, the highest since August last year.  The market awaits the policy decision of the Bank of Japan …

Key points: Indonesian rupiah at lowest level in 4 years Taiwan stocks jump to a record high US CPI data and Fed policy meeting due on Wednesday Emerging Asian markets were finely balanced on Tuesday as traders awaited the release …

Key points: Australian and New Zealand dollars slip ahead of Fed meeting and U.S. inflation data. Support for Aussie dollar at $0.6580 and kiwi dollar at $0.6080. The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared …

Key points: Indonesian Rupiah reaches a four-year nadir, influencing broader trends in emerging Asian currencies. Jakarta stocks descend to their lowest point since November 2023, amid regional market pressures. The Indonesian Rupiah marked a new four-year low on Monday, declining …

Key points: Euro drops sharply due to political uncertainties in France and a strong U.S. job report. Dollar strengthens, supported by expectations of delayed rate cuts by the Federal Reserve. The Euro experienced a decline, reaching a one-month low, as …

Key points:  ECB expected to announce a 25-basis point interest rate cut on Thursday, the first since 2019.  EURUSD is likely to face downward pressure with such a dovish stance from the ECB.  The European Central Bank (ECB) is poised …

Key points:  Bank of Canada cuts interest rates for the first time in four years, signaling more to come.  Canadian dollar (CAD) experiences mixed performance against other currencies following rate cut.  Homeowners across Canada are breathing a sigh of relief …

Key points:  USDSGD remains steady at 1.3462 during the Asian session.  ISM services PMI report tonight will provide insights into the US economy.  Technical support for USDSGD at 1.3400 and resistance at 1.3500.  The USD/SGD pair is consolidating during the …