europefx Key Takeaways 💵 Most Asian currencies trading in tight range ahead of Fed minutes 🇳🇿 NZD surged after RBNZ took somewhat hawkish tone 🇯🇵 JPY weak, despite USDJPY pair rising 🇨🇳 CNY stable near six-month high as traders watch for Beijing’s stimulus measures 🇰🇷 KRW weakened slightly due to producer price index inflation uptick 🏦 … Read more
Key Takeaways 💵 The U.S. dollar slightly strengthened against the euro as Fed officials urge patience on rate cuts 📉 The euro dipped slightly to $1.0852 while the dollar weakened against the Japanese yen 🌐 Investors are awaiting data from the European Central Bank wage tracker and Eurozone PMI for monetary cycle clues 🇯🇵 Concerns … Read more
Key Takeaways 💵 U.S. dollar dipped against the yen after Fed’s Waller reiterated no rate hikes 📅 Dollar was mostly flat ahead of U.S. Memorial Day holiday next week 📉 Market participants focused on Fed officials’ comments in absence of economic data 🏦 Waller mentioned restrictive monetary policy cooling off demand and inflation 👥 Atlanta … Read more
Key Takeaways: 💹 BofA has a bullish view on EURCAD for the current week 📈 Signals from interest rates and commodities support a bullish EURCAD outlook 🇨🇦 Market debates potential rate cut cycle by the Bank of Canada 💱 Canadian CPI data release could impact the EURCAD pair movement 📊 Consensus-matching CPI may prompt earlier … Read more
Key Takeaways: 💵 Investors broadly sold off the US dollar last week in response to positive US economic indicators 📈 Real money investors have a slightly short position on the US dollar 💰 Hedge funds still hold near-highest levels of long positions on the US dollar 💸 Australian dollar (AUD) saw increased interest with long … Read more
Key Takeaways 💵 The dollar is struggling as investors anticipate Federal Reserve monetary easing. 📈 Cryptocurrencies are rallying, with ether hitting a 2-month high amidst growing excitement for spot ether ETFs. 🇪🇺 The euro edged higher to $1.0860. 📊 Thursday’s data on European Central Bank wage tracker and Euro zone PMI is awaited for insights … Read more
Key Takeaways: 💹 U.S. stock indices are close to all-time highs 📈 Citigroup sees potential for further upside in S&P 500 and Nasdaq based on bullish positioning levels 💸 $17bn of notional added last week to S&P from new risk flows 📊 Nasdaq flows show increase in long positioning but remain near neutral 🔍 Europe … Read more
Key Takeaways 💵 Dollar traded in a tight range as traders await Federal Reserve rate cut clues 📊 Dollar Index remained largely unchanged at 104.475 🇺🇸 Fed officials cautious on monetary policy, dulling early rate cut hopes 🗣️ More Fed speakers to monitor: Barr, Barkin, Williams, Bostic 💲 Modest scaling back of total Fed easing … Read more
Key Takeaways: 💪 Swedish krona shows strength against euro, holding stable at 11.61 🚫 Riksbank Governor dismisses possibility of rate cut in June 📉 Market expectations of rate cut reduced to 30%, potential alignment with Norwegian krone 💵 Euro trading rangebound against US dollar 🗓️ Light data calendar expected to limit EUR/USD movement today 🎙️ … Read more
Key Takeaways: 💰 Dollar and yen remained firm, while other currencies made slight gains against the dollar 📉 New Zealand and Aussie dollar weakened, with the RBA keeping rates steady 📈 Cryptocurrencies, particularly Ether, rallied on speculation of SEC approval for ETFs 🇺🇸 Fed speakers and market pricing indicate anticipation of rate cuts starting in … Read more