Key Takeaways: 💱 Yellen mentioned that Japan explained their intervention in the currency market in 2022 📉 Volatility was observed by Japan leading to their forex intervention 🌎 Yellen made these statements while attending a meeting of G20 finance leaders in Brazil 💰 Japan’s intervention aimed to prevent excessive fall of the yen and protect … Read more
Key Takeaways 💵 Dollar steadied in early European trade before key inflation data release 📈 Euro slightly up; yen slips but still on course for a strong week 📉 U.S. economy expanded faster than expected, inflation slowed in Q2 📅 Focus on PCE price index data for future inflation insights 🇪🇺 EUR/USD edged higher after … Read more
Key Takeaways: 💱 Most Asian currencies showed flat-to-low movement, with the Chinese yuan experiencing volatility due to suspected intervention by the People’s Bank 📉 Weak risk appetite led to traders shying away from regional currencies, favoring safe haven options like the Japanese yen 🌏 Commodity-linked currencies, particularly Australian and New Zealand dollars, gained some relief … Read more
Key Takeaways: 💱 The yen drifted lower from a 2-1/2-month high against the U.S. dollar as markets stabilized. 📉 The yen rallied sharply this week as investors turned to safe assets like the Swiss franc and yen during a global stock market sell-off. 🏦 Markets are looking ahead to next week’s Bank of Japan meeting … Read more
Key Takeaways: 💱 Citi sees potential for tactical long positions in USD/JPY 📈 Support level at 152 mark maintained by the USDJPY pair 🛣️ Significant resistance turned breakout area in 2024 📉 Anticipation of better selling opportunities for USDJPY pair 🤖 Article generated with AI support and editor review 💸 Dollar is expected to weaken … Read more
Key Takeaways: 💹 Japanese yen rallies against the dollar, hitting a 2-1/2-month high 📉 Global stocks plunge, leading investors towards safe assets like Swiss franc and Japanese currency 📈 U.S. economy expands faster than expected in the second quarter 💱 Market pricing reflects expectations of Fed rate cuts in September 📊 U.S. jobless claims consistent … Read more
Key Takeaways 💵 U.S. dollar gains strength after better-than-expected economic data 📈 GDP grew at a rate of 2.8% in the second quarter 📉 Inflation slowed down during the same period 📊 Dollar index slightly down at 104.32 after the data 💹 Futures on S&P 500 and Nasdaq-100 are higher after better-than-expected GDP data 📉 … Read more
Key Takeaways: 💰 Traders flock to yen amid global stock plunge 📉 U.S. dollar slips on bets for Federal Reserve rate cuts 📉 Dollar index down as yen rally impacts China’s yuan 💵 Swiss franc benefits from unwinding of carry trades 🇪🇺 Euro slightly up while sterling down ahead of Fed rate cut expectations 💹 … Read more
Key Takeaways 💵 Dollar slipped ahead of GDP data 📈 Euro rose despite German business morale decline 🇯🇵 Yen surged to multi-month highs 🏦 Fed expected to keep rates steady but signal a future cut 🌏 General concerns over global economic growth, including China’s economic recovery 💹 Earnings misses and US economic growth concerns are … Read more
Key Takeaways: 💹 Long positions on the Singapore dollar are at their highest since early April 2023 📉 Bearish bets on the Malaysian ringgit fell to levels seen in April last year 📈 Monetary Authority of Singapore (MAS) is not expected to ease policy settings 🛡️ Singapore’s triple-A sovereign credit rating makes it a safe … Read more