Key Takeaways: 💹 U.S. stock indices are close to all-time highs 📈 Citigroup sees potential for further upside in S&P 500 and Nasdaq based on bullish positioning levels 💸 $17bn of notional added last week to S&P from new risk flows 📊 Nasdaq flows show increase in long positioning but remain near neutral 🔍 Europe … Read more
Key Takeaways 💵 Dollar traded in a tight range as traders await Federal Reserve rate cut clues 📊 Dollar Index remained largely unchanged at 104.475 🇺🇸 Fed officials cautious on monetary policy, dulling early rate cut hopes 🗣️ More Fed speakers to monitor: Barr, Barkin, Williams, Bostic 💲 Modest scaling back of total Fed easing … Read more
Key Takeaways: 💪 Swedish krona shows strength against euro, holding stable at 11.61 🚫 Riksbank Governor dismisses possibility of rate cut in June 📉 Market expectations of rate cut reduced to 30%, potential alignment with Norwegian krone 💵 Euro trading rangebound against US dollar 🗓️ Light data calendar expected to limit EUR/USD movement today 🎙️ … Read more
Key Takeaways: 💰 Dollar and yen remained firm, while other currencies made slight gains against the dollar 📉 New Zealand and Aussie dollar weakened, with the RBA keeping rates steady 📈 Cryptocurrencies, particularly Ether, rallied on speculation of SEC approval for ETFs 🇺🇸 Fed speakers and market pricing indicate anticipation of rate cuts starting in … Read more
Key Takeaways 💴 Most Asian currencies weakened on Tuesday, while the dollar firmed slightly 📉 Japanese yen showed weakness and moved towards levels attracting government intervention 🇨🇳 Waning optimism over China’s stimulus measures impacted markets 💹 USDJPY pair rose 0.2% and traded above the 156 level 🏛️ Uncertainty over Bank of Japan’s plans for policy … Read more
Key Takeaways: 💰 Bitcoin rose to $70,206 at 20:03 GMT, adding $3,931 to its previous close 📈 Bitcoin is up 82.3% from the year’s low of $38,505 on Jan. 23 💸 Ether rose 13.3% on Monday to $3500 🇺🇸 Approval and launch of spot bitcoin exchange-traded funds in the U.S. has attracted new investors and … Read more
Key Takeaways 💵 Investors await further clues on U.S. interest rates 📉 Data shows easing in U.S. consumer price pressures 🇪🇺 Euro down against the dollar at $1.0863 📊 Markets pricing in 50 basis points of Fed rate cuts 🌍 Survey-based gauges of economy for euro zone, Germany, UK, and US due this week 📈 … Read more
Key Takeaways: 💵 Dollar remains firm against euro as investors await Fed guidance 📉 Euro slightly down against dollar at $1.0836, dollar up 0.3% against yen at 156.15 yen 🇺🇸 U.S. consumer prices rose less-than-expected in April, leading to expectations of Fed rate cuts 📊 Survey-based gauges of the economy for euro zone, Germany, UK, … Read more
Key Takeaways: 💵 Dollar holds steady awaiting Fed guidance on interest rates 📉 Euro up 2% in May due to softer U.S. growth and inflation data 🗣️ Speeches from Fed officials influencing market speculation 🇬🇧 Sterling touches a two-month high ahead of UK inflation report 🌏 Rally in gold and copper expected to support commodity-exporting … Read more
Markets Update Key Takeaways: 💵 CTAs may continue selling USD against most currencies after CPI report 🌍 FX market likely to see short covering in EUR, GBP, and CAD 📈 CTAs expected to increase long positions in AUD and potentially MXN 🏅 Trend for gold and oil to continue declining with CTAs selling at a … Read more