europefx Key Takeaways 💴 The U.S. dollar edged higher while the Japanese yen slumped after the Bank of Japan signaled no more rate hikes during market volatility 💵 Markets now pricing in a 70% chance of a 50 bps Fed rate cut in September 🌍 Britain’s economy grew more strongly than previously thought in 2022, GDP … Read more
Key Takeaways: 💰 Yen plummeted on BOJ official’s remarks hinting no rate hikes in near future 📉 Yen’s broad-based decline against currencies like Mexican peso, NZ dollar, and Aussie dollar 🌍 Market volatility due to U.S. recession fears and tech firm earnings impacting riskier assets 💼 Traders expect Fed to cut rates by year-end with … Read more
Key Takeaways: 💵 Asian currencies are stable as the dollar remains steady 📉 The yen has fallen as the Bank of Japan keeps monetary policy steady 🌏 Overall, currency markets in Asia are relatively calm 📈 Investors are closely monitoring central bank decisions for potential impacts on FX markets 📊 Equity markets reassessing and trying … Read more
Key Takeaways: 💹 Dollar recovered ground against major peers 📉 Japanese yen steadied around seven-month highs 📈 Equity markets reassessment in progress 🔄 Carry trades unwinding affecting safe haven demand 📉 U.S. job data impacting global equity sell-off 💵 Dollar regained ground on euro and pound 💼 Traders focusing on pricing U.S. Federal Reserve policy … Read more
Key Takeaways: 💵 Dollar recovered ground against most major peers 📈 Japanese yen steadied around 7-month highs against the U.S. dollar 🌐 Calm returned to currency markets as volatility eased 🔁 Safe haven demand dissipating with flows returning to normal 💰 Carry trade unwind driven by uptick in volatility 📉 Swiss franc little changed against … Read more
Key Takeaways 💵 Canadian dollar weakened against the greenback 📈 Yield on Canadian government 10-year bond climbed 📊 Canadian services economy contracted further in July with declining activity and new business ⬆️ New business index rose slightly, and future activity measure increased for the first time since February 💰 Elevated wage costs contributed to inflation … Read more
Key Takeaways: 💵 Dollar has rebounded against most currencies 📈 Yen weakened for the first time this month 📉 Market reassessment resulted in dollar gaining ground 🔀 Swiss franc also weakened, used in carry trades like yen 💹 Euro and pound lost ground against the dollar 🔁 Equity markets attempted to recover after recent losses … Read more
Key Takeaways: 💵 The U.S. dollar rebounded after recent losses as calm returned to the foreign exchange markets 📉 Traders are expecting significant rate cuts from the Federal Reserve this year 📈 German industrial orders rose in June, providing hope for Europe’s largest economy 💰 The yen weakened for the first day in August, benefiting … Read more
Key Takeaways: 💹 Japanese yen and Swiss franc weakened as market volatility eased 📈 Dollar gained against yen, euro, and pound after recent declines 🇺🇸 Traders expect 110 bps Fed easing this year, 80% chance of 50 bps cut in September 💱 Market moves influenced by U.S. Federal Reserve policy expectations 🇦🇺 Australian dollar remained … Read more
Key Takeaways: 💹 The U.S. dollar is facing steep losses, while the yen is weakening. 📉 Global sell-off in stocks and high-yielding currencies is happening due to softer U.S. job data, disappointing tech firm earnings, and concerns about the Chinese economy. 🌍 Central banks’ divergent paths are causing market volatility. 🔍 Speculators’ bearish bets against … Read more