Forex

Key points: The dollar remains steady as investors anticipate US inflation updates. Speculations about Federal Reserve rate cuts shape market expectation. The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to …

As we edge closer to the CPI release on May 15, 2024, market participants are aware of the potential for this data to influence the Federal Reserve’s upcoming interest rate policies. This is especially crucial as it marks one of …

Key points The U.S. dollar declined against major currencies following softer jobs data, hinting at potential Federal Reserve rate cuts. Recent interventions in currency markets, particularly concerning the Japanese yen, and upcoming economic indicators could influence short-term trading strategies. The …

Key points EUR/USD Stability: After testing the 1.0800 and 200-day moving average, the EUR/USD pair eyes potential declines, marking its first consecutive daily drops since mid-April. GBP/USD Adjustments: The GBP/USD faces downward pressure, slipping below critical moving averages, with potential …

Key Points: The U.S. dollar regained strength amid renewed bets on upcoming Federal Reserve rate cuts. The yen moved closer to 155 per dollar, maintaining high intervention risks from Japanese authorities. 8th May 2024 – On Wednesday, the U.S. dollar …

This week, the financial markets have displayed resilience, particularly evident in U.S. stocks buoyed by an impressive earnings season—the most robust in nearly two years. The S&P 500 reported a notable 5% year-over-year growth in earnings per share for Q1 …

With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the …

7th May 2024 Key points: The Australian dollar fell slightly following the RBA’s decision to keep interest rates unchanged. Australian bond prices rose, and futures markets adjusted their expectations for further rate hikes downward. RBA’s rate decision On Tuesday, the Australian dollar …

Key points Asian equity markets saw an uplift, driven by Apple’s announcement of a $110 billion share buyback plan that bolstered the technology sector.  Japanese yen experienced a recovery, distancing itself from recent 34-year lows. Asia-Pacific stock indices surge despite …

ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving …