Quick Look: AUD/USD declined by 0.32% on Friday, ending the session at $0.65595. Key economic indicators from China and upcoming interest rate decisions by the RBA and the Fed are in focus. Bearish signals on the daily chart with the AUD/USD trading below key EMAs. The Australian Dollar against the US Dollar (AUD/USD) declined last …
AUD/USD Drops 0.32% Ahead of Key Economic Events Read More »
Quick Look: The recent downtrend in EUR/USD – 1.0980, with current activity around 1.0885. Resistance and support levels identified are crucial for the next movements. Possible rate cut in June hinted by ECB’s policymakers; Economic events like the Fed Rate decision and Eurozone inflation could heavily influence future trends. The EUR/USD pair is a critical gauge …
Quick Look Solana (SOL) witnesses a striking 14% increase in 24 hours, reaching a 25-month peak at $173.27. A substantial 51% price surge was observed over 30 days, with forecasts aiming for $250. RSI escalates to 80.50, hinting at potential overbuying amid bullish trends. Introduction of the Israeli Shekel-backed stablecoin, BILS, on SOL spurs optimistic …
Quick Look PBoC sets the USD/CNY reference rate at 7.0975, defying the estimate of 7.2058. 1-Year MLF rate and 7-day RR maintained in China, signalling steady monetary policy. Net liquidity injection of 3 billion yuan amidst ongoing market regulation efforts. Post-” “quant quake” scrutiny increases, with significant adjustments in key quant funds. CSRC underscores fairness, …
Quick Look USD/CHF trades between support at 0.8670 and resistance at 0.8810, hinting at a bullish reversal. Swiss CPI aligns with forecasts; SNB holds rates at 1.75%. US economic data shows mixed signals; however, USD dominance persists in the market. EUR/CHF sees gains, with potential for further rise as long as support at 0.9510 holds. …
Swiss Franc Dynamics: USD/CHF Eyes Bullish Reversal Read More »
Quick Look NZD/USD remains nearly unchanged, oscillating within a narrow band near two-week highs. US inflation data and Federal Reserve rate cut speculations influence market sentiment. Technical indicators suggest a bullish outlook for NZD/USD, with key resistance and support levels identified. Upcoming US retail sales data and Fed’s policy meeting to play critical roles in …
NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move Read More »
Quick Look Kanzhun Ltd (NASDAQ: BZ) shares jumped 18.8%, reaching $20.79. Q4 revenue hit 1.58 billion yuan, up 46% year-over-year. Non-GAAP net income reached 628.6 million yuan. Guidance for Q1 2024 forecasts revenue between 1.64 – 1.67 billion yuan. Announced a $200 million share repurchase program starting March 20, 2024. Kanzhun Ltd, a leading player …
Kanzhun’s Stock Up 18.8% with Q4 Revenue Jumping 46% Read More »
Quick Look USD/JPY fell from 150.50 to 146.50, marking a significant drop. Soft U.S. economic data fuels speculation on Fed rate cuts. BoJ’s upcoming meeting could tighten monetary policy. The historical average suggests a possible reversion for USD/JPY. Market sentiment shows a bearish outlook, with 67% of traders short on USD/JPY. Last week, the USD/JPY …
USD/JPY Plunges to 146.50: Economic Shifts in Focus Read More »
Quick Look GBP/USD current trading session sees a decline of 0.39%, standing at 1.2807. The pound had previously achieved six consecutive wins, with a 1.56% rise last week. Upcoming UK employment data and the BoE rate decision are in focus. US employment figures surpass expectations, but wage growth slows down. BoE’s interest rate cut expectations …
GBP/USD Slips 0.39% Amid Mixed Global Economic Cues Read More »
Quick Look USD/CHF rose slightly to 0.8777, up by 0.04%. U.S. job additions for February surpassed expectations at 275,000, but unemployment rose to 3.9%. Fed Chair hints at possible rate cuts, with a 70% market anticipation by mid-June. Geopolitical tensions in the Middle East and Russia could boost CHF’s safe-haven demand. The U.S. CPI and …
Quick Look The NZD/USD is experiencing a slight downtrend, trading near 0.6172 and down by 0.03%. Resistance under 0.6200 is evident as the key barrier remains unbroken. The pair is impacted by mixed influences, including US labour data, Powell’s dovish comments, and China’s CPI. Anticipation is building for upcoming US CPI and Retail Sales data. …
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 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 …
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