Key Takeaways: 📉 The USDJPY exchange rate stabilized within a range of 143.5 to 149.5. 🔮 UBS forecasts a gradual decline in USDJPY, with a target of 138 by September 2025. 🔍 Speculative positioning suggests potential yen shorts if global risk sentiment stabilizes. 💹 US interest rate cuts and real yield differentials may limit downside … Read more
Key Takeaways 💵 Dollar near lowest in over a year against a basket of peers 📉 Cryptocurrency bitcoin drops over 4% after breaking below support at $60,000 📈 Australian dollar rises to an eight-month high despite data showing slowing inflation 🇦🇺 Reserve Bank of Australia likely to maintain policy stance in September, bolstering AUD strength … Read more
Key Takeaways 💵 Most Asian currencies weakened as the dollar gained ground 🇦🇺 Australian dollar stood out due to strong inflation data and potential for hawkish RBA 🇨🇳 Concerns over China, with Canada imposing tariffs on electric vehicle sector 📊 Strong CPI data in Australia may lead to speculation of a hawkish RBA 📉 Traders … Read more
Key Takeaways: 💸 Bitcoin fell 6.4% to $58,777 on Tuesday 📉 Down by 20.3% from the year’s high of $73,794 on March 14 💰 PEPE price showing signs of breakout despite recent decline 📉 Short-term holders dominance dropping to 8%, lowest level on record 📈 Diminished influence of short-term holders leading to reduced selling pressure … Read more
Key Takeaways 💵 The U.S. dollar dropped to a more than one-year low and has experienced a big monthly decline of 3.2% in August. 🔒 Investors see a rate cut at the Federal Reserve’s September meeting as highly likely, with a focus on the possibility of a 50-basis-point cut. 📈 Sterling hit its highest level … Read more
EUR/CHF Pair Forecast and Analysis 💶 UBS forecasts a slight decline in the EUR/CHF currency pair to 0.93 in the second half of 2024. 🏦 Swiss National Bank expected to make final interest rate cut in September while ECB may decrease rates, potentially supporting the Swiss Franc. 📉 Europe’s disappointing growth prospects have limited the … Read more
Key Takeaways: 💰 UBS anticipates range trading in GBP/CHF in the near term 🏦 SNB near the end of rate-cutting cycle, while BoE just started easing cycle 📈 BoE expected to gradually reduce rates until end of 2025 ⏳ SNB likely to make final rate cut in September 📉 GBP/CHF rates influenced by central banks’ … Read more
Key Takeaways: 💰 Sterling hits its highest level against the U.S. dollar in more than two years 💵 Dollar weakened due to expectations of U.S. interest rate cuts 📉 Dollar index fell to an eight-month low 🇬🇧 Pound strengthened after comments of Bank of England Governor Andrew Bailey 📊 Market pricing for significant U.S. rate … Read more
Key Takeaways: 💵 Pound reaches strongest level against US dollar in over two years 📈 Euro slightly up against dollar 🛢️ Oil price surge impacting currency values 🇨🇦 Canadian dollar strengthens due to oil prices 💰 Markets anticipate Fed rate cut in September 🌏 Australian dollar and Swiss franc also showing gains 📉 U.S. dollar … Read more
Key Takeaways: 💹 Euro is experiencing bullish momentum according to Bank of America Securities 📈 Euro’s NEER has appreciated by 1.1% on a trade-weighted basis 📊 EUR may have the most near-term bullish momentum across non-USD G10 currencies 🔍 EUR/SEK is recommended as a bullish play due to dislocation from bullish EUR options flow 💱 … Read more