Thu, May 23, 2024

Asian countries

Wibest – NZD/USD: One hundred New Zealand dollar bills.

RBNZ’s Hawkish Minutes Shift NZD/USD to 0.6080

Quick Look: Hawkish FOMC Meeting Minutes: The FOMC revealed a cautious stance on rate cuts, strengthening the US dollar. NZD/USD Volatility: Following the FOMC release, NZD/USD fell to 0.6080, indicating a significant market reaction. RBNZ’s Monetary Policy: Despite holding rates at 5.5%, RBNZ’s hawkish statement increased the likelihood of a rate hike. On Wednesday, the …

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Gold

Gold Drops to $2,411 as Fed and Trade Tensions Rise

Quick Look: Gold prices dip to $2,411, following recent record highs. FOMC minutes and Fed’s Goolsbee speech key for rate movement insights. Tariff hikes on Chinese goods add market uncertainty, bolstering gold demand as a haven. Wednesday is a significant day for gold traders as they closely monitor the release of the Federal Open Market …

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GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Rallies to 1.2710 as Investors Eye Key Data

Quick Look: GBP/USD rallied to 1.2710 in the early Asian session, reflecting anticipation rather than economic developments. Modest gains of 0.04%; cleared resistance levels indicate buyer momentum, yet downside risks remain. Resistance at $1.26 and $1.25; analysts see potential short-term rallies but overall downward pressure to $1.20. The GBP/USD pair trades positively around the 1.2710 …

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Wibest – Yen Exchange Rate: Japanese yen coins. (USD/JPY)

USD/JPY Forecast: Yen Nears 156.50 Amid Rate Speculation

Quick Look: The USD has risen against the JPY, targeting 156.50 to above 160 yen. Higher US rates benefit USD; BoJ’s debt load likely keeps Japanese rates low. Watch BoJ commentary and Fed speakers on May 21 for future monetary policy clues. In recent trading sessions, the USD has slightly risen against the JPY, signalling …

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Electric Car, Software, automobiles, automakers, bugs, xpeng

China’s Xpeng AeroHT Aims to Deliver Flying Cars by 2026

 Quick Look: Xpeng AeroHT aims to deliver its first flying car by 2026, targeting the eVTOL market. The car is under certification in China and will soon be available for pre-order. The expected price is 1 million yuan, with plans for mass production to reduce costs. Xpeng AeroHT has announced its intention to deliver its …

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Wibest – Japan Yen: Japanese yen bills. USD/JPY

USD/JPY Slips 0.91% as US Core CPI Falls to 3.6%, a 3-Year Low

Quick Look: Significant Decline: USD/JPY fell 0.91%, influenced by a disappointing US Core CPI report. Key Support Levels: Immediate focus on 155.00; breaches may indicate further USD weakness. Trading Strategy: Watch for a daily close below or above 155.00 to signal bearish or bullish positions. The US dollar experienced a significant pullback against the Japanese …

USD/JPY Slips 0.91% as US Core CPI Falls to 3.6%, a 3-Year Low Read More »

Cocoa, cocoa bean

Cacao Bean Prices Surge: NY Up 2.61%, London Climbs 3.73%

Quick Look: Cacao bean prices in New York and London witnessed significant increases, with NY’s CCN24 up by 2.61% and London’s CAN24 by 3.73%. Ivory Coast and Ghana producers report severe production drops, with forecasts hitting multi-year lows due to bean shortages. Ivory Coast and Ghana boosted farm-gate prices by 50% and 58%, respectively, to …

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Wibest – CHF Franc: New Swiss franc notes.

USD/CHF Drops to 0.9060 Amid Dismissed April PPI of 0.5%

Quick Look: USD faces losses against CHF, influenced by lower US yields and dismissive response to PPI data. Switzerland’s economic indicators show mixed results; slight improvement in Producer and Import Prices. US CPI report and Swiss Industrial Production data could impact future USD/CHF movements. The US dollar (USD) has faced successive losses against the Swiss …

USD/CHF Drops to 0.9060 Amid Dismissed April PPI of 0.5% Read More »

Wibest – Yen Exchange Rate: Japanese yen coins. (USD/JPY)

USD/JPY Ascends to 156.20, Potential Climb to 160 Levels

Quick Look: USD/JPY trading above 156.00, indicating sustained bullish momentum. Key support at 155 yen, resistance up to 160 yen. Experts recommend buying on dips, reflecting positive sentiment. The USD/JPY currency pair continues to showcase its robustness in the forex market. The recent trading sessions saw the US dollar rally robustly against the Japanese yen. …

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dollar, euro, Ukraine, eur/usd

EUR/USD Hits 1.0780: Rising Amid FOMC and CPI Events

Quick Look: Strong Technical Support: EUR/USD above key levels; 14-day EMA at 1.0752. Bullish Breakout Potential: Resistance near 1.0800; exceeding it could reach 1.0885. Important Economic Data: Upcoming CPI could weaken the USD, boosting the Euro. The Euro experienced a significant recovery against the US Dollar during the Asian trading session on Tuesday. The EUR/USD …

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Stocks

Sensex Tumbles by 0.9% to 72,003 in Market Downturn

Quick Look: Sensex fell by 661 points to 72,003, reflecting a -0.9% change. India’s VIX increased by 14%, signalling rising market uncertainty. US CPI data and global events add to market caution. The recent trading session saw significant fluctuations in the Indian stock market, particularly impacting Sensex stocks. The Sensex, one of India’s major indices, …

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Gas Prices Helped Gazprom Reach Great Results

Gazprom’s $7B Annual Loss Amid EU Sales Drop & Asia Pivot

Quick Look: Gazprom faces its first net loss since 1999 due to a sharp 55.6% decrease in EU gas exports. Expansion into China through the Power of Siberia pipeline yields lower revenues because of reduced pricing power. Gazprom seeks new revenue from gas processing products amid changing global market prices. Gazprom, Russia’s state-controlled energy giant, …

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Toncoin - TON

TON Growth: $23.9B Market Cap and 20% Weekly Increase

Quick Look: Toncoin shows a trading price of $6.88 with a recent 20% weekly rise, though trading volume fell by 64%. Enhanced by its Telegram integration, the recent launch of the Notcoin game attracted 34 million players. Analysts forecast a price target of $10, with current and upcoming support levels at $6.2 and $6. Toncoin …

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