europefx Key Takeaways: 💵 The dollar held steady near seven-week highs against major currencies 📉 Markets are predicting a 90% chance of a 25-basis-point rate reduction in November 🇨🇳 The Chinese yuan dropped against the dollar 🇬🇧 The pound edged higher after hitting a three-week low ⚖️ Geopolitical tensions in the Middle East are being closely … Read more
Key Takeaways: 💹 In Japan, Prime Minister Shigeru Ishiba called a snap election for October 27 📉 The LDP’s approval rating has dropped, but the ruling coalition is expected to maintain majority 🗳️ Japanese general election is not expected to be a crucial driver for USD/JPY, US Presidential election may have more impact 💵 Under … Read more
Key Takeaways: 💹 Market shifts in expectations for U.S. rate cuts impacting dollar performance 📉 Euro and pound showing fluctuations in response to geopolitical tensions and Fed comments 🔄 Lower likelihood of November rate cut affecting dollar strength 📊 U.S. inflation report and Fed meeting minutes to be focal points for investors 🏗️ China equity … Read more
Key Takeaways: 💵 The U.S. dollar decreased slightly after reaching seven-week highs due to reassessment of Fed’s policy. 📊 Traders are reconsidering a 50 basis point cut, favoring a traditional 25 bps reduction. 🇺🇸 Strong jobs report prompted significant views on rate cutting by the Fed. 📈 Dollar strengthened due to Middle East tensions and … Read more
Key Takeaways: 💵 Dollar is near seven-week highs against major currencies 📈 Markets have shifted expectations for U.S. rate cuts, with less than previously priced in 🔍 Federal Reserve Bank of St. Louis President supports more rate cuts, but emphasizes caution 📉 Australian dollar slid to lowest since Sept. 16 due to slightly dovish central … Read more
Key Takeaways 💵 Most Asian currencies weakened with Chinese yuan sliding 📉 Dollar remained strong amid bets on smaller Fed rate cut 💴 Japanese yen strengthened due to wage growth and household spending data 📈 Dollar index and futures slightly retreated from recent highs 📊 Traders expect 25 basis point rate cut by Fed in … Read more
Key Takeaways: 💵 The U.S. dollar stalled near a seven-week high as investors reacted to strong U.S. jobs data. 📈 Markets scaled back bets on significant U.S. rate cuts following the September job report. 🚀 Bitcoin and Ethereum saw gains in the cryptocurrency market. ⚔️ Geopolitical tensions in the Middle East impacted currency markets. 💰 … Read more
Key Takeaways: 💵 The U.S. dollar is near a seven-week high after the strongest week in two years 📈 Markets are scaling back bets on further hefty U.S. rate cuts following strong jobs data ⚠️ Japanese officials warn against speculative moves in foreign exchange market 🚀 Hezbollah fired rockets at Israel’s third largest city while … Read more
Key Takeaways: 💲 The U.S. dollar is near a 7-week high following strong jobs data and Middle East tensions. 📈 The dollar index rose more than 2% last week, the biggest gain in two years. 🇨🇳 Fiscal stimulus measures in China and macro data will impact the dollar’s short-term movement. 💶 The euro was down … Read more
Key Takeaways: 💰 India’s central bank has asked banks to refrain from heavy betting against the rupee 📞 RBI informally communicated instructions to avoid large bets via phone calls 🔍 Central bank’s oral intervention is to support the rupee near record-low levels 🌐 Overseas investors have withdrawn $4 billion from Indian stocks in last four … Read more