Quick Look US 2-year Yield remains static above 5%, with market positioning aggressively net-short. Federal Reserve’s policy is expected to maintain the target range at 5.25% – 5.50% in the near term. A significant reduction in net-short exposure for US 2-Year Notes, hinting at potential yield declines. Technical analysis suggests a challenging environment for the …
5% US 2-Year Yield Battle: 2023’s Market Outlook Read More »
Quick Look U.S. inflation remains persistent, complicating the Federal Reserve’s easing cycle timeline. The yen struggles around 150 per dollar, facing a significant yearly decline amidst speculation. The dollar index exhibits resilience, climbing 3% this year amid changing rate cut expectations. Economic indicators highlight ongoing inflationary pressures, with mixed signals from retail sales and jobless …
Global Currency Shifts: Dollar Inflation & Yen’s 6% Dive Read More »
Quick Look US Dollar Index drops 0.4% ahead of key economic data releases. Retail Sales in the US declined by 0.8%; Initial Jobless Claims slightly improved. UK Retail Sales see a surprising 3.4% increase in January. Central banks in Japan and New Zealand reiterate monetary policy stances. Significant currency movements were observed across major pairs; …
Forex Update: Dollar Dips 0.4%, Gold Soars Past $2000 Read More »
Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …
Quick Look UK’s Claimant Count Change fell by 14.1K, showcasing a strong labour market. The US Federal Budget Balance worsened to -21.9 billion USD, indicating fiscal stress. UK’s unemployment rate remains low at 3.8%, with the Average Earnings Index rising by 5.8%. US inflation forecasts suggest mild monthly increases, with a year-over-year CPI expected at …
Economic Indicators: Unpacking Fiscal & Market Trends Read More »
Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …
The US Dollar’s Tug of War: Yields Up, Stocks Steady Read More »
Quick Look The US Dollar Index remains steady near 104.00, with Treasury yields showing slight gains. China reports mixed economic indicators, with a slight monthly CPI increase but a yearly decline and a drop in PPI. Major currency pairs exhibit varied performance, highlighting market sensitivity to global economic data and policy expectations. Gold maintains its …
Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz Read More »
At A Glance USD struggles to gain momentum, with the DXY index slightly above 104.00. Upcoming Goods Trade Balance data and a 10-year note auction could influence USD’s trajectory. Federal Reserve officials’ speeches are eagerly awaited for hints on future monetary policy. The USD shows weakness against major currencies amidst a positive shift in market …
Quick Look The Euro falls against the USD amid global currency shifts. Central bank policies, including potential ECB rate cuts, shape market dynamics. Economic indicators present mixed signals for the Eurozone and the US. Tuesday’s trading session saw the Euro decline significantly against the US dollar, underscoring the dollar’s dominance in the foreign exchange market. …
Euro Plunges: Central Bank Shifts Spark Market Turmoil Read More »
US Dollar Shows Resilience After Strong NFP Report The foreign exchange market began the week with a dynamic performance, where the US Dollar (USD) took centre stage. The USD displayed resilience against major currencies, building on momentum from an impressive surge. Factors such as escalating geopolitical tensions and the hawkish remarks of Federal Reserve (Fed) …
Geopolitics & Powell’s Words Impact the US Dollar Read More »
The USD/JPY currency pair has been a subject of market scrutiny, and its outlook remains influenced by various factors. This analysis delves into the intricate dynamics affecting USD/JPY trading. Current State of USD/JPY Intraday bias for USD/JPY is currently neutral, focusing on crucial support and resistance levels. The market’s direction hinges on the pivotal 145.97 …
USD/JPY Analysis: Influential Factors Affecting Outlook Read More »
EUR/USD Intraday Bias Remains Neutral The EUR/USD currency pair is currently navigating a landscape fraught with uncertainty, maintaining a neutral intraday bias. Market analysts are closely monitoring the pair as it grapples with various factors affecting its trajectory. Technical Analysis Highlights Potential Bearish Trend In technical analysis, the EUR/USD pair is signalling bearish momentum. The …
EUR/USD Faces Market Uncertainty Amid Economic Factors Read More »
Japanese Yen Falters on Disappointing Domestic Data The Japanese Yen (JPY) struggles to gain momentum against the US Dollar (USD) following lacklustre economic indicators. Japanese Retail Sales and Industrial Production figures for December did not meet market expectations, leading to a muted response from the domestic currency. The modest increase in the US Dollar, driven …
Japanese Yen Pre-FOMC: Navigating Economic Winds Read More »
Federal Reserve’s Policy Meeting Sparks Investor Caution In the early hours of the European session, the U.S. dollar remained stable within a narrow range as global investors adopted a cautious stance ahead of the Federal Reserve’s two-day policy meeting. The Dollar Index, which measures the greenback’s performance against a basket of currencies, edged 0.1% lower …
Market Caution: Dollar Steady in Currency Markets Read More »
In the intricate dance of global currencies, the Euro continues its steadfast performance, currently trading below the 1.0850 mark. Despite facing pressures, the single currency has proven resilient, holding onto the crucial 1.0800 level. As geopolitical tensions rise, particularly with the recent deadly attack near the Jordan-Syria border, the Euro stands as a robust contender, …
Euro Holds Strong Under 1.0850 Amid Global Tensions Read More »
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