europefx Key Takeaways: 💸 Citi exited a long position in the AUD/USD currency pair due to higher-than-expected core PCE data 🌍 Gold has a historical role as a store of value and is considered a safe-haven asset during turbulent times. 📊 Importance of economic data on trading strategies and timely decision-making in response to market information … Read more
Key Takeaways: 💲 The U.S. dollar strengthened after a higher-than-expected inflation reading for the first quarter, delaying the Federal Reserve’s easing cycle. 📉 The yen reached a 34-year low against the dollar and a 16-year low against the euro due to expectations of a less hawkish Bank of Japan policy. 📊 U.S. gross domestic product … Read more
Key Takeaways: 💵 Yen hits 34-year low against the dollar and 16-year low against the euro 📉 Dollar rose to a 34-year high of 155.74 yen 🇯🇵 Tokyo authorities expected to take action at the breach of the 155 level 💶 Euro hits a 16-year high of 166.98 yen 📊 BOJ meeting expected to deliver … Read more
Key Takeaways: 💵 Dollar slips ahead of release of key U.S. growth data 📉 Yen falls to 34-year lows 📈 Euro gains after positive German economic outlook 🇬🇧 Pound rises on strong British business activity growth 🇯🇵 Yen’s slide prompts fears of possible currency intervention in Japan 🇨🇳 Chinese currency remains strong with People’s Bank … Read more
Key Takeaways: 💵 Yen hits fresh 34-year low against the dollar 📉 Dollar broke above 155 yen level for the first time since 1990 🇯🇵 Tokyo authorities may intervene if yen breaches 155 level 🏦 BOJ expected to deliver a marginally hawkish hold outcome 🇪🇺 Euro and sterling rose after upbeat business activity data 📈 … Read more
Key Takeaways: 💵 The South African rand remained stable in early trade before producer inflation data release 📊 Statistics South Africa will release the March Producer Price Index around 0930 GMT 📈 Analysts predict a slight increase in March producer inflation to 4.6% 🏦 The South African Reserve Bank has kept its main interest rate … Read more
Key Takeaways 💱 Most Asian currencies remained stable on Thursday amid uncertainty over U.S. interest rates 📉 USDJPY pair hit new 34-year highs before Bank of Japan meeting 🚫 Expected currency intervention from Japanese government did not materialize despite USDJPY surpassing 155 🏦 Upcoming BOJ meeting focused on potential signals on interest rates 💵 Dollar … Read more
Key Takeaways: 💵 US Dollar Index Futures rose 0.15% to 105.66 🌎 US economic exceptionalism is dominating the currency market 🕊️ Federal Reserve remains hawkish compared to other central banks 📉 Dollar’s downfall may come after the summer if inflation slows and other economies improve 💹 Recent data from UK and Eurozone surprised on the … Read more
Key Takeaways: 💴 Yen slumps against US dollar hitting its weakest point since the 1990s 📉 US dollar strengthens against most currencies after data indicates US business activity slowdown 🇯🇵 Japanese authorities monitoring currency moves closely and may intervene if yen continues to weaken to 160 or 170 levels 🏦 Bank of Japan expected to … Read more
Key Takeaways: 💸 Japan’s yen weakened to 155 per dollar, lowest since 1990 📉 Market nerves around the 155 level lead to choppy trading 🇺🇸 Strong U.S. inflation data boosts dollar to five-month highs 🏦 Anticipation for Japanese currency intervention rises 🤝 U.S., Japan, and South Korea issue joint statement on currency issue at IMF/World … Read more