europefx Key Takeaways: 💼 Potential for increased political risks in Europe due to German regional elections 📉 Heightened sensitivity of financial markets to election-related risks 🌍 German elections could cause market volatility affecting foreign exchange rates 💵 Seasonally stronger US dollar and increased volatility leading up to US election 📊 Citi maintains cautious stance on euro, … Read more
Key Takeaways 💹 Citi predicts limited upside for USD/JPY 📉 Anticipates a possible rebound to ¥151/$ – ¥155/$ before decline 📈 Next notable drop expected when U.S. – Japan interest rate spread narrows 📉 Forecasted USDJPY rates: ¥140/$ (2025), ¥130/$ (2026), ¥120/$ (2027) 💰 Historical parallels suggest potential 30%-40% correction in USD/JPY 📈 USD/JPY historically … Read more
Key Takeaways: 💰 Consider buying AUD vs. NZD due to interest rate expectations 📈 Buy AUD/NZD at 1.0877, targeting 1.13 with stop-loss at 1.07 🇦🇺 RBA unlikely to cut rates until 2025, supporting AUD 💹 Australia’s July CPI inflation strengthens RBA’s hawkish rhetoric 📉 Recent fall in AUD/NZD driven by positioning, but likely lightened up … Read more
Key Takeaways: 📉 The USDJPY exchange rate stabilized within a range of 143.5 to 149.5. 🔮 UBS forecasts a gradual decline in USDJPY, with a target of 138 by September 2025. 🔍 Speculative positioning suggests potential yen shorts if global risk sentiment stabilizes. 💹 US interest rate cuts and real yield differentials may limit downside … Read more
Key Takeaways 💵 Dollar near lowest in over a year against a basket of peers 📉 Cryptocurrency bitcoin drops over 4% after breaking below support at $60,000 📈 Australian dollar rises to an eight-month high despite data showing slowing inflation 🇦🇺 Reserve Bank of Australia likely to maintain policy stance in September, bolstering AUD strength … Read more
Key Takeaways 💵 Most Asian currencies weakened as the dollar gained ground 🇦🇺 Australian dollar stood out due to strong inflation data and potential for hawkish RBA 🇨🇳 Concerns over China, with Canada imposing tariffs on electric vehicle sector 📊 Strong CPI data in Australia may lead to speculation of a hawkish RBA 📉 Traders … Read more
Key Takeaways: 💸 Bitcoin fell 6.4% to $58,777 on Tuesday 📉 Down by 20.3% from the year’s high of $73,794 on March 14 💰 PEPE price showing signs of breakout despite recent decline 📉 Short-term holders dominance dropping to 8%, lowest level on record 📈 Diminished influence of short-term holders leading to reduced selling pressure … Read more
Key Takeaways 💵 The U.S. dollar dropped to a more than one-year low and has experienced a big monthly decline of 3.2% in August. 🔒 Investors see a rate cut at the Federal Reserve’s September meeting as highly likely, with a focus on the possibility of a 50-basis-point cut. 📈 Sterling hit its highest level … Read more
EUR/CHF Pair Forecast and Analysis 💶 UBS forecasts a slight decline in the EUR/CHF currency pair to 0.93 in the second half of 2024. 🏦 Swiss National Bank expected to make final interest rate cut in September while ECB may decrease rates, potentially supporting the Swiss Franc. 📉 Europe’s disappointing growth prospects have limited the … Read more
Key Takeaways: 💰 UBS anticipates range trading in GBP/CHF in the near term 🏦 SNB near the end of rate-cutting cycle, while BoE just started easing cycle 📈 BoE expected to gradually reduce rates until end of 2025 ⏳ SNB likely to make final rate cut in September 📉 GBP/CHF rates influenced by central banks’ … Read more