Key Takeaways 💱 The yen fell against the dollar in calmer currency market trading 📉 Global investor risk sentiment is improving, leading to scaled back expectations for Fed rate cuts 📊 U.S. producer and consumer prices data due could shift market perceptions 💵 Dollar trading at 147.55 yen, up 0.7%, and also up nearly 0.5% … Read more
Key Takeaways: 💹 Dollar edged higher in calm trading ahead of key inflation data release 📈 Stronger-than-expected weekly U.S. jobs data impacted Fed interest rate cut expectations 🧐 Market highly vulnerable to data and events, Fed fund futures imply 49% chance of rate cut in September 📉 EUR/USD edged higher, Eurozone data quiet this week, … Read more
Key Takeaways: 💵 Russia managed to receive $2.3 billion in dollar and euro banknotes despite sanctions on exporting them there 🇨🇳 China’s yuan has become the most traded foreign currency in Moscow 💸 Despite the influx of cash, Russia implemented restrictions on foreign currency withdrawals to support its weakening rouble 🏛️ Banks in Russia received … Read more
Key Takeaways 💵 Asian currencies weakened slightly on Monday as traders turn slightly biased towards the dollar 🌍 Traders on edge due to anticipation of economic readings and central bank meetings across Asia 💰 Dollar index and dollar index futures steady in Asian trade after wild swings last week 📊 Focus this week on key … Read more
Key Takeaways: 💼 Leveraged funds reduced net short position on Japanese yen to smallest stance since February 2023 📊 Largest change in weekly positioning for yen by leveraged funds since March 2011 💸 Yen short squeeze seen as fastest monthly pace since August 2007 🌍 Unwinding of yen carry trade causing disruption in global stock … Read more
Key Takeaways 💰 Leveraged funds reduced yen short positions 📉 Smallest net short stance since February 2023 📊 Net position now short by 24,158 contracts 📈 Significant decrease from previous net short position of 70,000 contracts Decrease in Yen Short Positions Signals Market Shift In the latest market update, it was reported that leveraged funds … Read more
Key Takeaways 💰 Dollar strengthened due to rising geopolitical tensions and safe-haven appeal 🇬🇧 British pound weakened after Bank of England’s interest rate cut ☮️ Concerns of conflict in the Middle East supporting dollar’s appeal 🕊️ Federal Reserve hints at possible interest rate cuts in the future 🇺🇸 Traders expect three rate cuts by the … Read more
Key Takeaways: 💵 U.S. dollar steadied near one-month high after strong jobless claims data 📉 Odds of Federal Reserve cutting interest rates by 50 basis points at next meeting slightly above 50% 📉 EUR/USD slipped slightly due to Eurozone inflationary pressures 📈 GBP/USD rose after recent losses 📉 USD/JPY fell but remained above lows from … Read more
Key Takeaways 💹 Asian currencies strengthened on positive economic readings from US and China 📉 Japanese yen faced renewed pressure due to improved risk appetite and less hawkish signals from Bank of Japan 💰 Chinese yuan strengthened on better-than-expected inflation data and midpoint fix by People’s Bank 📊 Traders cautious about long-term impact of recent … Read more
Key Takeaways: 💵 Dollar rose after US jobless claims fell more than expected 📉 Yen weakened against the dollar due to Bank of Japan’s stance on interest rates 📈 Market participants expect more volatility in the near future 🇯🇵 Japanese yen was impacted by unwinding of carry trades 🏦 Bank of Japan’s contrasting opinions on … Read more