Key Takeaways: 💵 Dollar softened against the yen as traders took profits and sifted through data 🏠 U.S. housing numbers were disappointing, impacting the greenback 📉 Dollar fell 1.04% against the Japanese yen 📊 Despite U.S. economic data easing recession fears, yen saw weekly decline 🌐 Corrective tone in the FX market with yen strong, … Read more
Key Takeaways: 💰 Bitcoin has risen 5.17% to $59,609 📈 Bitcoin is up 54.8% from the year’s low of $38,505 on January 23 🌐 Market sentiment towards Bitcoin appears positive at the moment 📊 Analysts suggest potential for further price gains in the future 💻 Investors remain optimistic about Bitcoin’s future prospects 💹 1000SATS, FTM, … Read more
Key Takeaways: 💹 Dollar is softer against the Japanese yen 📊 Risk-sensitive currencies like sterling are firm with improved economic outlook 📈 U.S. economic data eased fears of a recession, supporting bets of gradual Fed rate cuts 🔒 Traders expect Fed to cut rates on Sept. 18, but debate the size of reduction 💴 Yen … Read more
Key Takeaways: 💲 Yen set for biggest weekly decline since June against the dollar 📊 Improved U.S. economic data easing fears of recession and supporting bets of gradual Fed interest rate cuts 📈 Risk-sensitive currencies like sterling firm up due to improved economic outlook 📉 Market expects Fed rate cut on Sept. 18 but debates … Read more
Key Takeaways: 💲 The U.S. dollar declined following solid retail sales data, easing concerns about a looming recession 🏦 The Federal Reserve is expected to cut interest rates in September by 25 basis points 📈 Data points to GBP/USD rising on the back of stronger British retail sales 🌍 EUR/USD saw a slight increase, near … Read more
Key Takeaways: 💰 Citi predicts NZD to underperform amid US election uncertainty 📉 Increased risk avoidance expected as election nears, unfavorable for high-beta currencies 🏦 RBNZ’s monetary easing adds to asymmetrical risk facing NZD 📉 NZD may fall to USD0.58/NZD in the coming months 🇯🇵 NZDJPY analysis suggests long-term ceiling, rebounds unlikely to surpass 200-day … Read more
Key Takeaways 💵 Dollar near two-week high to yen due to firm US economic data. 📉 Dollar index eased 0.12% to 102.92 after 0.41% rally. 🇬🇧 Sterling strengthened on improved economic outlook. 📉 Odds of Fed cutting rates falling, now at 25% for 50 basis-point cut. 📉 Recession fears have diminished. 📈 Market confidence in … Read more
Key Takeaways 💵 Asian currencies firmed on Friday due to bets on U.S. interest rate cuts 📉 Dollar headed for fourth straight week in the red 🇯🇵 Japanese yen lagged as risk sentiment improved 📊 Yen’s performance was weak despite improvement in economic data 📈 Bank of Japan expected to have room to raise interest … Read more
Key Takeaways 💵 Dollar near two-week high against yen after biggest one-day gain in four weeks 📈 Retail sales in the U.S. rose 1.0% last month, beating forecasts 🇬🇧 Sterling firm due to improved economic outlook and solid GDP figures 🇦🇺 Australian dollar steady following surge in jobs data 📉 Euro flat after previous session’s … Read more
Key Takeaways: 💵 U.S. economic data calms recession fears and reduces expectations for aggressive rate cuts 📉 Euro slips against the dollar after reaching a seven-month peak 🛍️ U.S. retail sales exceed expectations, indicating stable demand 🇬🇧 Pound strengthens as the U.K. economy shows growth as expected 💱 Markets expect a 25 bps rate cut … Read more