Key Takeaways 💰 Dollar set for biggest weekly gain in over a month 💹 Trump administration policies could stoke inflation, affecting interest rate cuts 📉 Euro headed for second straight week of losses 🛒 U.S. retail sales increased slightly more than expected in October 🇬🇧 Sterling facing steepest weekly fall since January 2023 📈 Dollar … Read more
Key Takeaways: 💰 Bitcoin broke through $90,000 in a Trump-related cryptocurrency rally 📈 Ethereum and Dogecoin also experienced significant gains post-election 🏦 Trump’s pro-crypto stance is encouraging for the industry 💼 The election results may lead to increased engagement with blockchain technology by regulated businesses 💡 Speculations around Trump’s involvement in crypto have driven mining … Read more
Key Takeaways: 💵 The dollar is set for a strong week with gains driven by Trump’s election victory and positive U.S. economic data 📉 Most Asian currencies are facing losses, with concerns over Chinese economic conditions affecting broader Asian currencies 🇯🇵 Japanese yen weakened due to slowing economic growth and less than expected inflation 🇨🇳 … Read more
Key Takeaways: 💪 The U.S. dollar is trading at a one-year high against major peers due to market expectations following Trump’s return to the White House. 📉 The euro and sterling are weakening against the dollar in response to Trump’s anticipated policies on trade, tariffs, and deficits. 📈 U.S. producer prices increased in October, while … Read more
Key Takeaways 💱 UBS raises its USD/JPY forecast to reach 155 by December 2024, followed by 152, 150, and 147 in subsequent months. 📈 Possibility of a near-term surge to 158-160 if U.S. 10-year yields rise. 💼 Anticipated downward pressure on USD/JPY in 2025 due to Fed rate-cutting cycle and trade tensions. 📉 UBS estimates … Read more
Key Takeaways: 💵 U.S. dollar at one-year high against major peers 🇺🇸 President-elect Trump’s policies projected to fuel inflation and economic growth 📈 Treasury yields on the rise, supporting the dollar 🚀 Bitcoin hits record high, Trump supportive of cryptocurrency 💰 Copper falls below $9,000 a ton for the first time in two months 📊 … Read more
Key Takeaways: 💰 Pound hits lowest level against dollar since July 🎤 Finance minister Rachel Reeves to deliver speech on "megafunds" 📉 Euro at one year low, dollar higher against yen and Swiss franc 📈 Potential impact of Trump administration policies on inflation and Fed rate cutting cycle 💵 Dollar supported by expectations of deeper … Read more
Currency and Forex Market Insights 🇬🇧 Bank of England cut interest rates but high inflation persists 💵 The U.S. dollar reached a one-year peak due to doubts on Fed rate cuts and Trump administration actions 📈 USD/JPY and USD/CNY reached three-month highs due to market sentiments and potential trade tariffs 📉 Euro and pound weakened … Read more
Key Takeaways 💵 U.S. dollar at one-year high against major peers 🌍 Global trade tensions impacting currency markets 📊 Tech companies also benefitted from the market rally 🧥 Early winter could benefit India’s consumer brands 🇮🇳 India extends help to Japanese billionaire affected by China 📰 Investors closely monitoring geopolitical developments Article The U.S. dollar … Read more
Key Takeaways 💰 Most Asian currencies weakened while the dollar rose to a one-year high 📉 Chinese yuan and Japanese yen among the worst-hit currencies 🇺🇸 Dollar index and futures rose nearly 0.2% in Asian trade 📈 Headline CPI rate rose, core CPI remained above the Fed’s target 🏦 Uncertainty in the long term outlook … Read more