europefx Key Takeaways: 💲 Bank of Korea governor believes it is difficult for the dollar-won exchange rate to return to previous levels 📉 Dollar-won rate has not stabilized and the market is uncertain 🌐 The won was quoted at 1,427.8 per dollar, lower than previous close and a recent two-year low 💥 Home Office is pausing … Read more
Key Takeaways 💸 Bitcoin fell 5% to $95,519 at 2103 GMT on Monday 📉 Bitcoin is down 7.1% from the year’s high of $103,647 on Dec. 5. 📉 The drop in value is significant and could impact investors 📉 This decrease marks a shift in the Bitcoin market trend 💰 Bitcoin’s price has fallen 5% … Read more
Key Takeaways: 💵 Dollar slightly up in skittish trading as investors await U.S. inflation data 📈 Australian and New Zealand dollars rally after China pledges "appropriately loose" monetary policy 🇨🇳 China to adopt loose monetary policy next year to support economic growth 📊 Main events this week include ECB policy meeting and China’s Central Economic … Read more
Key Takeaways: 💱 Euro remained steady against the dollar in volatile trading 📈 Australian and New Zealand dollars rose after China’s loose monetary policy announcement 📊 U.S. inflation data awaited by investors for potential Fed interest rate cut 🌐 China’s shift to support economic growth with loose monetary policy and proactive fiscal measures 💹 Dollar … Read more
Key Takeaways: 💼 US job market remains solid 🔍 Party leadership meeting due to disappointing election results 🤝 BP and JERA agree on offshore wind deal 💰 Profits only expected to increase with rising PGMs prices 🌏 SA needs holistic view of mining for environmental protection and community benefit 🏕️ Refugees in Turkey, Lebanon, and … Read more
Key Takeaways: 💵 Euro steady against dollar as investors await U.S. inflation data 📊 Markets expect U.S. Fed to cut rates by 0.25 points 📈 Australian and New Zealand dollars rise on China’s loose monetary policy 🇨🇳 Chinese yuan strength affecting other currencies like kiwi and Aussie 🌀 Central banks like ECB, BoC, SNB, and … Read more
Key Takeaways: 💵 Dollar Index traded 0.1% lower 🛡 Dollar retains support as a safe haven due to geopolitical tensions 🏦 US consumer inflation data for November will influence interest rate trajectory 🇪🇺 EUR/USD edged higher, awaiting ECB rate decision ➡️ ECB expected to agree on another 25-bps rate cut 🇬🇧 GBP/USD traded 0.3% higher, … Read more
Key Takeaways 💱 Market is focused on Canadian dollar and Australian dollar ahead of central bank meetings this week 🌍 Euro and major currencies are losing ground to a strong U.S. dollar 📊 Analysts recommend shorting U.S. dollars into year-end due to overvaluations 🔍 Geopolitical developments and trades support staying long on the dollar 💰 … Read more
Key Takeaways: 💹 South Africa’s rand firmed early on Monday, trading at 17.94 against the dollar 📊 Week filled with key data releases to gauge the health of the economy 📈 Investors watching mining production, manufacturing, retail sales, and inflation data 📉 Johannesburg Stock Exchange Top-40 index slightly down 💸 Benchmark 2030 government bond yield … Read more
Key Takeaways 💵 The Canadian and Australian dollars are focused on this week for their central bank meetings 📉 The U.S. dollar is gaining strength against major currencies 🔄 Analysts recommend being short on U.S. dollars into the year end 📈 Dollar index rose to 106.20 🪙 Bitcoin reached a record of $103,649 🇪🇺 Main … Read more