Key Takeaways 💹 Yen weakened sharply amid suspected government intervention and specter of high U.S. interest rates 📉 USDJPY pair rose 1% to 156 after sliding as low as 153 on Wednesday 🏦 Japan declined to confirm intervention, but expected to disclose in May 🌐 Main drivers of yen weakness still in play despite suspected … Read more
Key Takeaways: 💰 Dollar fell after U.S. Federal Reserve signaled leaning towards rate reductions 📈 Stickier-than-expected consumer price inflation affecting rate cut expectations 🌏 Asian currencies remain muted ahead of Federal Reserve meeting 📈 Futures markets pricing in only one rate cut by year-end 🇪🇺 EUR/USD edges higher as eurozone inflation remains steady 🇬🇧 GBP/USD … Read more
Key Takeaways: 🔻 Dollar fell after Fed signaled leaning towards rate cuts 📉 Fed wants confidence that inflation will fall before cutting rates 📊 Fed unlikely to hike next 📈 Consumer price inflation in March higher than expected 💵 Fed announced tapering balance sheet shrinkage 📆 Friday’s jobs report expected to show job growth 💶 … Read more
Key Takeaways 💸 Dollar fell after Fed signaled leaning towards borrowing cost reductions 📉 Recent disappointing inflation readings noted by Fed 📈 Euro gained against dollar by 0.24% 🎌 Dollar weakened against Japanese yen by 0.22% 🛑 Investors closely watching inflation trends 🌍 Global markets reacting to Fed’s assessment 📈 Markets remain uncertain about future … Read more
Key Takeaways: 💸 Global stocks declined for the first time in three sessions 📈 U.S. private payrolls exceeded expectations in April, indicating a positive trend 📉 U.S. job openings fell to a three-year low in March, signaling easing labor market conditions 🏭 U.S. manufacturing contracted in April, reflecting a decline in orders 📊 Markets have … Read more
Key Takeaways: 💹 UBS predicts further upside for the U.S. dollar against G10 currencies 📈 USD offers more potential gains despite recent strength against JPY 🌍 Context for potential joint FX intervention differs from past agreements 📉 Broad U.S. dollar still below 2022 levels and has room for growth 💵 UBS maintains long positions against … Read more
Key Takeaways: 💵 The dollar is nearing its highest level this year against a basket of peers 📉 U.S. share futures dipped ahead of a Federal Reserve policy decision 🔥 Dollar gained over 0.5% on all six currencies of the dollar index 📈 Markets are paring bets on Fed rate cuts this year 🏦 Traders … Read more
Key Takeaways 💵 Dollar Index traded 0.1% higher at 106.240 🏦 Federal Reserve expected to keep interest rates at 5.25%-5.5% 📊 Futures markets now pricing in just a single quarter-point rate cut by year-end 🇪🇺 EUR/USD edged higher to 1.0669 in limited trading volumes 📉 Eurozone inflation held steady at 2.4% in April 🔪 European … Read more
Cryptocurrency Market Update: 💸 Bitcoin fell for a third day, down 4.7% to $57,055 📉 Bitcoin’s worst monthly performance in April, down nearly 16% 🐻 Bitcoin now in a bear market, 22% below March’s record high 💼 Investors pulling money out of cryptocurrencies ahead of Federal Reserve interest rate decision 📉 10 largest U.S. spot … Read more
Key Takeaways 💸 Bitcoin fell for a third day following its worst monthly performance in April 📉 Value of Bitcoin fell by nearly 16% in April 🌍 Fed is not expected to make changes to interest rates, impacting interest rate-sensitive assets like cryptocurrencies 💰 Bitcoin’s price drops below $58,000 📉 The drop is attributed to … Read more