Quick Look Tokyo CPI may prompt BOJ policy shifts, impacting USD/JPY. ISM Services PMI rise challenges Fed rate cut expectations, affecting the U.S. dollar. The U.S. Dollar Index’s uncertain path hinges on Powell’s testimony and economic indicators. Slower U.S. wage growth and service industry expansion signal a cooling labour market. Bitcoin’s surge and fiscal policies …
Tokyo CPI & Global Events Shift US Dollar Dynamics Read More »
Quick Look Sharp fall in USD/JPY from above 150 to below 149. Nikkei 225 futures reversed despite reaching record highs, unaffected by USD/JPY movements. The correlation between USD/JPY & Nikkei 225 at 0.9 indicates a strong relationship due to export dynamics. Correlation between USD/JPY & US bond yields at 0.91, highlighting sensitivity to interest rate …
USD/JPY Plummets Below 149: Market Repercussions Read More »
Quick Look Chinese yuan (CNY) ranks eighth in global currency trade, potentially top five due to underreporting. Included in IMF reserve currencies list since 2016, bolstering international usage. Significant loans through the Belt and Road Initiative are denominated in CNY. China’s strategic shift to a consumption and service-oriented economy underlines CNY stability. The Chinese yuan’s …
Quick Look AUD/USD trades below its 50-day SMA of 0.6598, hinting at a negative trend. Remains within the February range, facing difficulties in sustaining gains from the yearly low. China’s 5% growth target for 2024 fails to uplift AUD despite being Australia’s largest trade partner. Australian GDP is expected to grow by 0.3% in Q4 …
Quick Look The Swiss Franc strengthens against major currencies, marking a recovery in European trade. SNB shifts policy focus, reducing the emphasis on franc strength to counter inflation. USD/CHF exchange rate declines, influenced by technical resistance and inflation data. February’s CPI data surpasses expectations, indicating persistent inflationary pressures. Market sentiment on CHF dampens despite positive …
Quick Look GBP/USD Experiences a Bearish Shift, with a closing around 1.2650. Downward Trend Expected to Continue, pending key events like the UK budget announcement and the US job numbers release. Key Events to Watch: UK Budget Announcement, Federal Reserve Chairman’s Testimony, and US Job Numbers. Economic Indicators Show Mixed Signals: Strong Services Sector PMI …
Quick Look NZD/USD dips to near 0.6100, impacted by a stable US Dollar and New Zealand’s larger-than-expected trade deficit. New Zealand’s economic indicators show mixed signals; consumer confidence rises while policy normalization is eyed for 2025. US economic indicators present a slowdown, with manufacturing PMI and consumer sentiment declining. The market anticipates the Federal Reserve’s …
Quick Look Upcoming speeches from FOMC members and the Fed Vice Chair could sway market sentiments. Key economic data releases from the US and Canada, including employment figures and PMI reports, are set to influence the USD/CAD pair. BOC is expected to hold the interest rate steady at 5.0% amidst global economic cues. Technical analysis …
Quick Look Today’s USD/CNY reference rate is set at 7.1059, below estimates of 7.2011. PBOC injects 10 billion yuan via reverse repos, with net drain of 237 billion yuan. USD/CNY exchange rate stabilizes at 7.20 following positive PMI data. The real estate and banking sectors face significant challenges. Upcoming Two Sessions meeting to set the …
Quick Look GBP/USD trades around 1.2630-1.2635, recovering from a recent low. Key resistance and support levels were identified, with eyes on 1.2708 and 1.2499, respectively. US economic indicators show mixed signals; inflation is at a three-year low. Federal Reserve and Bank of England maintain a cautious stance on rate cuts. Market sentiment sways towards risk-on, …
GBP/USD Recovers to 1.2635 Amid Global Market Shifts Read More »
Quick Look USD/CAD trades sideways around 1.3570 amidst mixed economic signals. Key resistance at 1.3608; breakout could target 1.3655 and 1.3700. The market is eyeing upcoming US Core PCE and Canadian GDP data for directional cues. Lower crude oil prices and recent GDP figures influence market sentiment. Technical indicators suggest upward momentum, with the pair …
Quick Look USD/JPY shows a neutral intraday bias with sideways trading, support at 148.79, and a breakpoint at 150.87. The larger trend projection suggests an upward movement towards 155.50 from a base of 140.25. Japanese inflation rate in January hits 2.2%, indicating potential shifts in BoJ’s monetary policy. Upcoming US Q4 GDP and PCE data …
USD/JPY: Inflation Drives to 155.50 Amid Policy Shifts Read More »
Quick Look USD/CHF trades sideways near 0.8800, showing slight gains in the early European session. FOMC minutes reveal hesitancy to cut rates hastily, preferring to await more economic data. Swiss National Bank (SNB) President hints at possible rate cuts, contingent on upcoming inflation data. Geopolitical tensions in the Middle East impact safe-haven currencies, including the …
Sideways USD/CHF Near 0.8800 Amid Rate Hesitancy Read More »
Quick Look The US Dollar Index hovers around 104.00 amidst key financial events. Notable currency movements include USD/JPY, reaching 150.50, and GBP/USD, gaining 0.6% last week. NASDAQ 100, S&P 500, and Dow Jones 30 hit new all-time highs, reflecting bullish stock market sentiment. Canadian CPI shows a decrease, while US inflation data presents a slight …
Quick Look The US Dollar dips below 104.00 as risk sentiment improves, influenced by optimistic market events. Upcoming PMIs across major economies set to impact market dynamics. Federal Reserve’s January meeting minutes caution against premature policy easing. Currency movements see EUR/USD and GBP/USD gains, with notable shifts in commodity currencies. Market eyes on Nvidia’s earnings …
US Dollar Dips Below 104, PMIs & Fed’s View in Focus Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
