Key Takeaways: 💵 U.S. dollar strengthened against major peers after Powell’s comments 📉 Expectations for a 50 basis-point rate cut reduced 📈 Australian dollar edged higher after positive retail sales data 🇯🇵 Yen steadied against the dollar amid Japan’s political developments 🏦 Fed likely to stick with quarter-percentage-point interest rate cuts ahead 🌍 Market reacts … Read more
Key Takeaways 💵 Dollar rose after Powell’s hawkish tone on the economy 📈 Powell sees 2 more interest rate cuts totaling 50 basis points this year if economy performs as expected 🛢️ This week’s focus is on US jobs data 🇦🇺 Australian and New Zealand dollars gained after China’s central bank lowered interest rates 📉 … Read more
Key Takeaways 📉 Dollar gained against the yen and dipped against the euro 📊 Key U.S. economic data releases this week will impact Federal Reserve policy decisions 📆 Fed Chair Powell’s comments and release of U.S. employment report for September will be closely watched 💲 The Federal Reserve cut the federal funds rate by 50 … Read more
Key Takeaways: 💶 Euro strengthened after German inflation data 🇺🇸 Dollar near one-year low against a basket of peers 📉 Dollar expected to be influenced by non-farm payrolls data on Friday 💰 Expectations of U.S. monetary easing leading to dollar weakness 🇨🇳 Chinese stimulus boosting Australian and New Zealand dollars 🗳️ Japanese yen steadied after … Read more
Key Takeaways: 💵 Dollar steadied on the anticipation of Jerome Powell’s speech and upcoming employment report 📈 Dollar Index traded lower after multiple weeks of decline 🇺🇸 Employment report expected to guide U.S. interest rate cuts 🏦 Analysts foresee market sensitivity to Fed’s interest rate decisions based on employment data 🇪🇺 Euro stable ahead of … Read more
Key Takeaways 💴 Japan’s yen steadied following incoming prime minister’s signals on monetary policy 📊 Analysts suggest snap election could impact yen over short term 🇪🇺 Euro stable, sterling traded with focus on U.S. jobs data and European inflation data 🇦🇺 🇳🇿 Australian and New Zealand dollars hit 2024 highs on rate cuts and Chinese … Read more
Key Takeaways 💴 Yen steadied as Japan’s incoming prime minister hinted at accommodative monetary policy 🌍 Dollar slipped against commodity currencies due to hopes of turnaround in China’s economy 💱 Australian and New Zealand dollars near 2024 highs on rate cuts and fiscal support expectations in China 📉 U.S. Federal Reserve’s inflation measure at 2.2% … Read more
Key Takeaways: 💵 U.S. dollar weakened after inflation data showed ebbing price pressures 🇯🇵 Japanese Yen surged due to Shigeru Ishiba’s expected win as Japan’s next prime minister 📉 Markets expecting a Fed rate cut in November, with potential for an additional upsized cut 💰 China launched new stimulus measures to boost economic growth 🇬🇧 … Read more
Key Takeaways: 🔒 SEC charged Mango Markets with unregistered sales of its digital asset token 🔒 Mango Labs and Blockworks Foundation settled charges for failing to register as brokers 💸 Crypto trader convicted of commodities fraud for rigging Mango Markets exchange and stealing $110 million 💸 Entities will destroy MNGO tokens and pay $700,000 as … Read more
Key Takeaways 💰 Consider selling the US dollar during a potential October bounce 🐻 Broader trend suggests a bearish outlook for the US dollar 📉 Bearish triangle pattern in US Dollar Index indicates potential declines 🔄 Anticipate a corrective "snapback" rally in October 📈 October historically has shown a seasonal bounce in election years 💰 … Read more