europefx Key Takeaways 💹 Japanese yen weakened after middling signals from the Bank of Japan and U.S. interest rate expectations 📈 USDJPY pair rose to a 34-year high of 160.20 🔒 BOJ did not offer concrete signals on monetary policy 📉 Wide gap between U.S. and Japanese interest rates pressured yen 🚫 Limited impact of Japanese … Read more
Key Takeaways: 💹 The dollar hit a 34-year high against the yen, reaching the highest level since June 1990 📈 The dollar was set for a 2% weekly gain against the Japanese currency, the largest since mid-January 💰 On the US side, inflation data showed monthly and yearly increases in the personal consumption expenditures (PCE) … Read more
Key Takeaways 💵 US Dollar drifted lower ahead of key US inflation data 📉 GDP growth slower than expected at 1.6% 📈 Core inflation beat forecasts at 3.7% 🔎 Market focuses on release of PCE price index data 🇪🇺 Eurozone inflation expectations lowered to 3.0% 🇯🇵 USD/JPY rose to new 34-year highs 💡 BoJ forecasts … Read more
Key Takeaways: 💵 Most Asian currencies weakened and dollar steadied ahead of key US inflation data 🇦🇺 Australian dollar supported by strong inflation data leading to bets on higher rates 📊 GDP data showed cooling growth in the US economy in the first quarter amid high inflation rates 💱 Despite weak GDP reading, traders are … Read more
Key Takeaways 🇯🇵 Japanese authorities bought yen in September 2022 to boost its currency 📉 Yen weakness now seen as problematic due to shifts in production and heavy reliance on imports 💬 Verbal warnings and rate checking by BOJ may signal imminent intervention 💰 Yen is currently at its weakest point in decades 🇯🇵 Bank … Read more
Key Takeaways 💲 The U.S. dollar fell on Thursday, except against the yen, due to unexpected economic growth slowing and inflation acceleration. 📈 U.S. gross domestic product grew at a 1.6% annualized rate in the January-March period, slower than expected, leading to concerns related to inflation and interest rates. 📊 The core personal consumption expenditures … Read more
Key Takeaways: 💵 The dollar weakened after surprising US GDP and inflation data 📉 The Euro and Yen strengthened against the dollar 📈 The Australian and New Zealand dollars benefitted from the weaker US dollar 🌍 Investors are more focused on inflation rather than growth 🔍 Market eyes on the release of PCE price index … Read more
Key Takeaways: 💹 South African rand strengthened after producer inflation data 📈 Dollar was trading down against major currencies 📊 Producer inflation rose slightly to 4.6% year on year in March 🏦 Central bank aiming to bring consumer inflation back to midpoint of target range 📉 Top-40 index closed 0.2% lower on stock market 🍽️ … Read more
Key Takeaways: 💸 Citi exited a long position in the AUD/USD currency pair due to higher-than-expected core PCE data 🌍 Gold has a historical role as a store of value and is considered a safe-haven asset during turbulent times. 📊 Importance of economic data on trading strategies and timely decision-making in response to market information … Read more
Key Takeaways: 💲 The U.S. dollar strengthened after a higher-than-expected inflation reading for the first quarter, delaying the Federal Reserve’s easing cycle. 📉 The yen reached a 34-year low against the dollar and a 16-year low against the euro due to expectations of a less hawkish Bank of Japan policy. 📊 U.S. gross domestic product … Read more