Key Takeaways: 💵 Most Asian currencies trading in tight range due to anticipation of key inflation data 📈 Japanese yen firming up on strong CPI data, points to hawkish Bank of Japan 📊 Chinese yuan reaches strongest level since 2024, boosted by positive policy measures 👁 Dollar seen trading down in August, despite recent steadying … Read more
Key Takeaways: 💰 Sterling has hit 2-1/2 year highs against the dollar and euro 📉 Speculative interest rate bets could unravel and cause increased volatility 📈 BoE expected to keep rates high longer than US and eurozone, but potential risk of rate cuts ⚠️ Traders wary of potential sell-offs due to carry trades and market … Read more
Key Takeaways: 💹 Dollar rose against the euro and yen, most sensitive to economic expectations 📈 GDP grew at 3.0%, higher than expected 📊 Price index for gross domestic purchases up 2.4% 💵 US dollar rose following faster than expected GDP growth in the second quarter 📉 Euro fell against the dollar, with the biggest … Read more
Key Takeaways: 💵 US dollar strengthened after better-than-expected GDP data in the second quarter 📈 GDP grew at a 3.0% annualized rate, higher than expected 🇺🇸 Dollar/yen pair sensitive to economic expectations, rose to a one-week high 📉 Euro fell against the dollar in response to US data 📊 US rate futures priced in 35% … Read more
Key Takeaways: 💵 The US dollar strengthened after the release of better-than-expected GDP data 📈 Dollar index increased by 0.4% to 101.44 💹 Against the yen, the greenback rose by 0.5% to trade at 145.29 📉 Immediate support level for gold is at $2,500, with potential sell-off towards $2,432 and $2,367 📊 US GDP data … Read more
Key Takeaways: 💶 Euro fell against the dollar due to concerns over inflation data and German politics 📉 Inflation fell in important German states and slowed down in Spain 🇪🇺 Money markets priced in 67 basis points of ECB rate cuts in 2024 🇺🇸 Investors await U.S. core PCE price index for clues on rate … Read more
Key Takeaways: 💵 The U.S. dollar is in a phase of bearish consolidation, not a significant decline 📉 Market expects 100 basis points of Federal Reserve rate cuts by year-end 🌏 Even Asian currencies like Korean won are participating in the dollar’s downward trend 📊 Options market indicates a preference for Korean won call options … Read more
Key Takeaways: 💵 The U.S. dollar edged higher ahead of key economic data 👀 Dollar Index rose to 101.182 from 100.51 📉 Dollar under pressure due to prospect of lower U.S. rates next month 📉 Greenback on track for steepest monthly decline in nine months 🌍 Focus on important economic data, including jobless claims and … Read more
Key Takeaways: 💹 New Zealand dollar saw gains after positive business outlook survey, hitting an eight-month high 📉 Euro slid after German inflation data, nearing a 13-month low 🇺🇸 U.S. dollar struggled to maintain bounce, expected rate cuts from Fed impacting its performance 💱 Australian dollar near eight-month high, showing strength in the market 📊 … Read more
Key Takeaways: 💰 Kiwi rose due to upbeat business outlook survey 📈 US dollar struggled ahead of key US inflation reading 📊 Major market moving data has been lacking this week 🏦 New Zealand business confidence reached highest level in a decade 💵 Dollar struggled to find a floor, euro near 13-month high 🇺🇸 Markets … Read more