Key Takeaways: 💴 Yen falls for the second day while dollar rises against it 📈 Pound climbs after UK unemployment rate shows unexpected improvement in June 🏴 UK’s jobless rate drops to 4.2% in June, leading to positive movement in pound value 💼 Job vacancies decline in the UK while wage growth slows 🇦🇺 Aussie … Read more
Key Takeaways: 💵 Dollar remains uncertain as investors await U.S. economic data on rate cuts 📈 Yen carry trades stabilized by rally in Japanese stocks 🏛 Japan’s parliament plans to discuss central bank’s interest rate decision 🇪🇺 Euro near resistance levels against the dollar 📉 Sterling trades at $1.2778, dollar index flat at 103.13 📊 … Read more
Key Takeaways: 💱 Most Asian currencies remained flat while the dollar was muted in anticipation of key inflation data 📉 Uncertainty around economic signals from China and concerns of a slowdown in the region impacted regional currencies 📈 Lower rates may negatively affect the dollar, sparking concerns of a U.S. recession and deeper interest rate … Read more
Key Takeaways: 💰 Investors are assessing the likelihood of a significant Fed interest rate cut next month. 📊 Markets are waiting for U.S. economic data, such as consumer price index numbers, to shift perceptions. 📉 Euro eased up against the dollar, while the yen fell; Sterling remained flat. 📈 Unwinding of yen carry trades caused … Read more
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