Forex

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 …

Jerome Powell, Chair of the U.S. Federal Reserve, has reassured the financial markets by emphasising a likely downward adjustment in future interest rates. This guidance follows a series of inflation reports that had stoked expectations of tighter monetary policy. Picture: …

2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a …