europefx Key Takeaways: 💶 Euro strengthened after German inflation data 🇺🇸 Dollar near one-year low against a basket of peers 📉 Dollar expected to be influenced by non-farm payrolls data on Friday 💰 Expectations of U.S. monetary easing leading to dollar weakness 🇨🇳 Chinese stimulus boosting Australian and New Zealand dollars 🗳️ Japanese yen steadied after … Read more
Key Takeaways: 💵 Dollar steadied on the anticipation of Jerome Powell’s speech and upcoming employment report 📈 Dollar Index traded lower after multiple weeks of decline 🇺🇸 Employment report expected to guide U.S. interest rate cuts 🏦 Analysts foresee market sensitivity to Fed’s interest rate decisions based on employment data 🇪🇺 Euro stable ahead of … Read more
Key Takeaways 💴 Japan’s yen steadied following incoming prime minister’s signals on monetary policy 📊 Analysts suggest snap election could impact yen over short term 🇪🇺 Euro stable, sterling traded with focus on U.S. jobs data and European inflation data 🇦🇺 🇳🇿 Australian and New Zealand dollars hit 2024 highs on rate cuts and Chinese … Read more
Key Takeaways 💴 Yen steadied as Japan’s incoming prime minister hinted at accommodative monetary policy 🌍 Dollar slipped against commodity currencies due to hopes of turnaround in China’s economy 💱 Australian and New Zealand dollars near 2024 highs on rate cuts and fiscal support expectations in China 📉 U.S. Federal Reserve’s inflation measure at 2.2% … Read more
Key Takeaways: 💵 U.S. dollar weakened after inflation data showed ebbing price pressures 🇯🇵 Japanese Yen surged due to Shigeru Ishiba’s expected win as Japan’s next prime minister 📉 Markets expecting a Fed rate cut in November, with potential for an additional upsized cut 💰 China launched new stimulus measures to boost economic growth 🇬🇧 … Read more
Key Takeaways: 🔒 SEC charged Mango Markets with unregistered sales of its digital asset token 🔒 Mango Labs and Blockworks Foundation settled charges for failing to register as brokers 💸 Crypto trader convicted of commodities fraud for rigging Mango Markets exchange and stealing $110 million 💸 Entities will destroy MNGO tokens and pay $700,000 as … Read more
Key Takeaways 💰 Consider selling the US dollar during a potential October bounce 🐻 Broader trend suggests a bearish outlook for the US dollar 📉 Bearish triangle pattern in US Dollar Index indicates potential declines 🔄 Anticipate a corrective "snapback" rally in October 📈 October historically has shown a seasonal bounce in election years 💰 … Read more
Key Takeaways: 💵 Dollar weakened after boost from healthy U.S. economic data faded 📉 Dollar index fell to 100.52, on track for sixth drop in seven sessions 🇨🇭 Swiss franc rose as Swiss National Bank cut interest rates by 25 basis points 🇪🇺 Euro was up to $1.1178 📊 Fed’s Nov. 6-7 meeting expected to … Read more
Key Takeaways: 💵 Dollar down in choppy trading after U.S. data reflects relatively healthy economy 🇨🇭 Swiss franc gains after Swiss National Bank cuts interest rates by 25 basis points 📉 U.S. weekly jobless claims fall to four-month low 📈 Corporate profits and GDP growth in the U.S. stronger than expected 💼 Gauge of new … Read more
Key Takeaways 💵 Bank of America Securities expects modest US dollar downside going into 2025 📉 US dollar is seen as moderately overvalued but Fed rate cutting cycle would help attenuate overvaluation 📈 Bank forecasts EUR/USD to rise, with end-2024 at 1.12 and end-2025 at 1.17 🔜 BoA expects more USD downside with disinflationary trends … Read more