Quick Look: Fed officials Waller and Williams hint at potential rate cuts amid improving inflation data and cooling the labour market. The Federal Reserve’s benchmark rate has been steady at 5.25-5.5% since last year, with investors expecting cuts before 2024. Former President Trump opposes a pre-election rate cut, arguing it could favour President Biden. The …
Fed Rate Cut Possible as Inflation Nears 2% Target Read More »
Quick Look: GBP/USD surged, driven by robust UK economic data and softer US inflation. The Labour Party’s election victory bolstered investor confidence in the pound. UK GDP growth and high core inflation boosted GBP sentiment. UK inflation data release and Bank of England’s interest rate decision anticipated. GBP/USD crossed vital resistance levels, indicating a continued …
GBP/USD Hits Highest Since July, Driven by UK Data Read More »
Quick Look: Atsushi Mimura replaces Masato Kanda as Japan’s top currency diplomat, shifting the strategy from heavy intervention to adaptive approaches. Mimura leverages favourable US economic data and market momentum, aligning interventions with prevailing trends. Public strategy knowledge may attract dip buyers, increasing risks for USD/JPY long positions during key US data releases. In a …
Japan’s New Currency Strategy: $60 Billion Intervention Shift Read More »
Quick Look: Gold fell by $37.50 to $2,360.10 yet retains a near-term technical advantage. Silver decreased by $0.849 to $30.85 but showed stronger bullish sentiment than gold. A higher USD index and lower crude prices impact commodities; U.S. Treasury yield at 4.288%. Fed Chairman Powell’s speeches and upcoming CPI and PPI reports are crucial for market …
Precious Metals Weekly: Gold Falls $37.50, Silver Down $0.849 Read More »
Quick Look: China Addresses overcapacity and waning demand across key industries like solar power, proposing market unification and grid enhancements. Solar power prices drop, copper is affected by economic uncertainties, steel exports surge, oil refining profits plunge, and grain prices hit lows. Solar faces overcapacity; copper deals with weak demand; steel tied to real estate; …
Upcoming Policy Changes in China’s Commodity Market Read More »
Quick Look: Yuan’s share in the Russian forex market surged to 99.6%, up from 53.6% in May. Mid-June sanctions halted US dollar and euro trading on the Moscow Exchange, forcing a pivot to alternative currencies like the yuan. Post-sanctions, average daily trading volumes on the Moscow Exchange dropped by almost a third, highlighting the sanctions’ …
Quick Look: The US Dollar pressures silver prices despite potential Fed rate cuts speculated at 77%. Anticipation of a September rate cut increases silver’s volatility as lower yields push investors towards precious metals. The Fed Chair’s testimony and US June CPI inflation data are pivotal for silver’s price direction, making them key events to watch. …
Silver Prices at $30.89 Amid Fed Rate Speculation Read More »
Quick Overview Federal Reserve’s Cautious Shift: Inflation easing but still above the 2% target, requiring careful policy balance. Robust US Economic Activity: Continued expansion driven by consumer spending, investments, and labour market recovery. 2024 Growth Outlook: Expected slower growth indicates economic stabilisation post-rapid recovery. Impact of Declining Inflation: Positive for risk assets and Bitcoin, enhancing …
Short-Term Crypto Price Trends in Inflationary Times Read More »
Quick Look: The USD rises despite weaker ISM manufacturing data, showing strength in the DXY index. Markets await the June jobs report, which is crucial for the Federal Reserve’s future policy decisions. US elections impact market dynamics, with a potential Trump presidency seen as positive for the USD. The DXY index shows bullish momentum, targeting …
Quick Look: Currency’s Historic Drop: On July 2, 2023, the yen hit lows of 161.94 against the US dollar and 173.80 against the euro, driven by expectations of a dovish stance from Japan’s central bank. US Dollar Fluctuations: Dovish comments from Fed Chair Powell caused the dollar index to slip to 105.61 despite solid domestic …
Currency Markets Surge: Yen at 161.94, Euro at 1.0761 Read More »
Quick Look: The S&P benchmark fell 12 points mid-morning, reflecting market anxiety over upcoming jobs data. Major US indexes fell due to Fed rate hike fears but rebounded, showing market resilience. The S&P 500 surged 29% from October’s low, marking a 15% rise year-to-date. Dow Jones rose by 3.7%, while Nasdaq soared by 20%, highlighting …
US Market Indices React to Anticipated Jobs Data Read More »
Quick Look: US stocks S&P 500 was down 0.41%, the Nasdaq was down 0.71%, and Dow Jones was down 0.12%. May’s core PCE index showed a 0.1% rise monthly and 2.6% annually, the lowest over three years, boosting market confidence. The University of Michigan’s index rose to 68.2 in June, indicating improved consumer confidence and …
Insights into US Stock Markets: Mid-2024 Updates Read More »
Quick Look USD/CHF Surge: The currency pair rose from 0.8833 to 0.8911 after the SNB rate cut. SNB Rate Cut: The Swiss National Bank reduced rates from 1.50% to 1.25%, weakening the Swiss Franc. US Economic Data: Higher jobless claims and poor housing data may lead to US rate cuts in 2024. Technical Analysis: USD/CHF …
Quick Look: Robust May sales data from China drove a significant rally in oil prices on June 18, 2024. Heightened risks from Ukrainian drone strikes and potential Israel-Hezbollah conflict have bolstered oil prices. An unexpected increase in U.S. crude stocks led to a slight dip in oil prices on June 19, 2024. On June 18, …
Oil Prices Jump as Chinese Retail Sales Exceed Expectations Read More »
Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation goals are met. Potential reduction in bond purchases and rate hikes to address yen weakness. The USD/JPY pair has maintained a …
USD/JPY Rises to 157.50 Amid BoJ Diverging Policies Read More »
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