Quick Look: The Japanese Yen to Dollar is under scrutiny due to economic indicators and Fed commentary. GBP/JPY struggles below 190.50, influenced by Japanese verbal interventions, geopolitical tensions, and the BoE’s dovish stance. For the Japanese Yen, bullish signals show potential for an upside. Geopolitical factors sway GBP/JPY’s direction. USD/JPY movement hinges on PMIs, BoJ/Fed …
Quick Look: U.S. CHIPS Act drives partnership, aims to diversify supply chain away from Asia. Tech giants invest; Foxconn expands, leveraging Mexico’s capabilities and free trade agreements. $690M for A.I. server production, highlighting the strategic importance of diversifying manufacturing locations. The semiconductor supply chain development between the United States and Mexico emerges as a chip …
$500M US Act And China’s $27B Fund Reshape AI Chip Industry Read More »
Quick Look: EUR/USD stays below 1.0800 as the pair trimmed its daily gains, remaining under the significant psychological level. Bearish indicators signal caution as the 14-day RSI and MACD divergence hint at potential downward pressure. Investors await the US ISM Manufacturing PMI and German CPI for further insights. In Monday’s trading session, the EUR/USD pair maintained …
Quick Look: NZD/USD drops below 0.6000 due to a stronger USD and dovish comments from RBNZ. The US market grows faster than expected, with a Q4 annual rate increase of 3.4%. Fed Governor Christopher Waller advocates maintaining interest rates longer, indicating a cautious approach. The financial landscape has been bustling with optimism and caution among …
Quick Look: The dollar strengthens against major currencies before the crucial U.S. inflation announcement. Economic indicators point to robust U.S. growth, with a keen eye on the upcoming PCE data. Central banks signal varied stances as market participants speculate on interest rate movements. As anticipation builds ahead of the U.S. inflation data release set for …
Dollar Climbs as U.S. Markets Await Inflation Data Read More »
Quick Look: The Francis Scott Key Bridge in Baltimore collapsed after a massive container ship strike. Daily wage loss is estimated at $2 million, affecting 8,000 jobs and disrupting cargo worth up to $200 million. President Biden seeks federal funding for rebuilding, highlighting the Bipartisan Infrastructure Law’s role. Minimal overall economic growth impact predicted, with …
$2M Daily Loss: Baltimore Bridge Collapse Aftermath Read More »
Quick Look: The Yuan (CNY) has seen a depreciation of approximately 2% against the dollar this year. The Yen has weakened by 7% against the dollar and is currently at a 30-year low against the CNY. The People’s Bank of China (PBOC) has allowed the yuan to drop to the weaker side of the 7.2-per-dollar …
Yuan Down 2% vs Dollar: PBOC Adjusts Amid Global Shifts Read More »
Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs. US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape evolves, currency exchange rates and economic indexes are pivotal indicators for investors and policymakers. In particular, …
Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead. Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …
NZD/USD Nears 0.6000 Amid Global Economic Shifts Read More »
Quick Look: Efforts to phase out coal failed; last year, its output hit a record despite attempts to consign it to history. Benchmark Newcastle futures are trading at just under $130 a ton. By 2026, China and India will account for more than 70% of consumption. Fossil fuel executives argue for the reliability and cost …
Coal’s Tenacity: Record Output and $130/Ton Prices Read More »
Quick Look: The USD/JPY pair experienced a slight decline, with fluctuations highlighting market volatility. Bank of Japan’s shift from negative interest rates to a potential rate hike signals a new direction. Upcoming U.S. economic data and Fed commentary are pivotal for interest rate trajectory. The USD/JPY pair‘s journey through the forex market landscape provides a …
Quick Look: USD/CHF exhibits a neutral stance, attracting attention from traders and analysts. Recent technical indicators suggest a potential trajectory shift, like MACD on the 4-hour strategy. A temporary top was established at 0.9019; robust support at 0.8838 indicates a potential rebound. The longer-term perspective shows the corrective pattern from the medium-term bottom, upside capped …
Quick Look EUR/USD surged past 1.0900 following the Federal Reserve’s decision to maintain interest rates at 5.5%. Investors interpreted the move as dovish, with expectations leaning towards further easing in 2024. Fed Chair Powell cited easing inflation but highlighted ongoing concerns with the tight labour market. The financial markets experienced a significant shift as the …
Quick Look: S&P 500 achieved an 18th record close of 2024 at 5,178.51, up by 0.6%. The Dow Jones Industrial Average ascended by 0.8%, marking its highest movement since February 22, 2024. Nasdaq Composite increased by almost 0.4%, with Nvidia’s shares rising post-AI conference announcements. The stock market presented an impressive performance on Tuesday, underscoring …
S&P 500 Hits 18th Record Close of 2024, Movement Up 0.6% Read More »
Quick Look The USD/JPY pair is experiencing strength, trading around 151.55. The Bank of Japan transitions from negative interest rates, setting the new rate at 0.1%. The market’s reaction remains neutral, focusing on future actions over immediate changes. The financial landscape witnessed a significant shift yesterday. The Bank of Japan (BoJ) decisively moved away from …
USD/JPY Hits High at 151.55: Market Stays Neutral Read More »
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