europefx Key Takeaways: 💵 The U.S. dollar rose slightly on Friday and is on track for a positive week 📉 GBP/USD traded lower after weak retail sales data in the UK 📉 EUR/USD fell after European Central Bank kept rates steady, with expectations of rate cuts 📈 Markets are pricing in almost two ECB rate cuts … Read more
Key Takeaways: 💵 Dollar strengthens due to safe-haven demand and interest rate cut bets 😞 Asian currencies weaken amid US-China trade uncertainty and presidential race concerns 🇨🇳 Chinese yuan weakens on reports of stricter US trade sanctions and lower-than-expected economic growth 💴 Japanese yen weakens after speculation of government intervention in currency markets and soft … Read more
Key Takeaways: 💵 Japan is suspected of intervention to prop up the yen due to concerns over import costs and effects on private consumption. 🔄 Tokyo’s intervention tactics have changed, with timing being more strategic and aiming to keep markets guessing. 🚨 Authorities do not have specific intervention levels, but traders estimate 160 yen per … Read more
Key Takeaways 💶 Euro fell after ECB kept rates steady 💵 Dollar climbed due to strong data on U.S. labor market and manufacturing 📈 Euro down 0.37% at $1.0897 after hitting four-month high 📉 Dollar index gained 0.49% at 104.18, biggest daily percentage gain since June 13 🇺🇸 Markets expect only slight chance of a … Read more
Key Takeaways: 💶 Euro lower after ECB maintains rates, while dollar strengthens after U.S. data 💬 Market left to decipher Lagarde’s comments for ECB’s next move 📊 U.S. manufacturing activity exceeded expectations, as weekly jobless claims rose 📈 Dollar index gains after touching four-month low 📅 Fed expected to announce policy updates in July, slight … Read more
Key Takeaways: 💶 Euro remained steady after ECB decision not to cut interest rates 📈 German two-year bond yields saw a slight increase 📊 Gap between two- and 10-year yields narrowed 📈 European stocks rose by 0.4% 💹 European shares opened higher, led by energy stocks 📈 STOXX 600 was up 0.2%, tracking higher crude … Read more
Key Takeaways: 💷 UK inflation is higher than expected, leading to a stronger pound 🇬🇧 Growth in Britain is improving with the IMF raising its economic growth forecast 📈 British interest rates are expected to decline later than other central banks 🏠 Prime Minister outlining plans to revive economy with focus on new homes and … Read more
Key Takeaways: 💵 The U.S. dollar edged higher on optimism about a potential interest rate cut by the Federal Reserve in September 📉 GBP/USD traded lower after British wage growth slowed in May 🏦 EUR/USD fell ahead of a European Central Bank meeting where rates are expected to remain steady 🇯🇵 USD/JPY rose after speculation … Read more
Key Takeaways: 💶 Yen reaches six-week high amid speculation of official intervention 🏦 ECB meeting to decide euro’s next move, likely to hold rates steady 🇦🇺 Australian dollar boosted by mixed jobs data, sterling slips 💸 Markets spooked by potential intervention in yen, traders reassessing positions 📉 Interest rate markets pricing U.S. rate cuts and … Read more
Key Takeaways: 📈 Yen reached a six-week high on speculation of official push 💵 Dollar faced broad losses amid expectations of US rate cuts 🏦 ECB meeting likely to announce hold on rates with possibility of further cuts 📊 Interest rate markets predict significant US rate cuts and slight hikes in Japan 🇨🇳 Chinese yuan … Read more