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
Key Takeaways: 💱 Most Asian currencies firmed as the dollar rebound stalled 📈 Traders are uncertain about September interest rate cut amount 🇯🇵 Japanese yen steadied after strong rally, influenced by BOJ signals 💡 Focus on GDP revision and PCE price index data for U.S. economic outlook 🌏 Broader Asian currencies strengthened, while Chinese yuan … Read more
Key Takeaways: 💵 US dollar strengthened at month-end and due to technical factors after recent declines 📉 Dollar fell 2.8% in August, the worst monthly decline since November 2023 💹 Investors expect Fed to start cutting interest rates in September 📊 Data like US GDP and PCE index could impact dollar if weaker than expected … Read more
Key Takeaways: 💰 U.S. dollar rebounded on month-end buying after recent declines 📉 Dollar index rose 0.4%, but fell 3.4% for the month of August 🏦 Federal Reserve expected to cut interest rates next month 🤔 Debate on whether Fed will cut by 25-basis points or 50-basis points 📈 Markets pricing in about 105 bps … Read more
Key Takeaways: 💼 Potential for increased political risks in Europe due to German regional elections 📉 Heightened sensitivity of financial markets to election-related risks 🌍 German elections could cause market volatility affecting foreign exchange rates 💵 Seasonally stronger US dollar and increased volatility leading up to US election 📊 Citi maintains cautious stance on euro, … Read more
Key Takeaways 💹 Citi predicts limited upside for USD/JPY 📉 Anticipates a possible rebound to ¥151/$ – ¥155/$ before decline 📈 Next notable drop expected when U.S. – Japan interest rate spread narrows 📉 Forecasted USDJPY rates: ¥140/$ (2025), ¥130/$ (2026), ¥120/$ (2027) 💰 Historical parallels suggest potential 30%-40% correction in USD/JPY 📈 USD/JPY historically … Read more
Key Takeaways: 💰 Consider buying AUD vs. NZD due to interest rate expectations 📈 Buy AUD/NZD at 1.0877, targeting 1.13 with stop-loss at 1.07 🇦🇺 RBA unlikely to cut rates until 2025, supporting AUD 💹 Australia’s July CPI inflation strengthens RBA’s hawkish rhetoric 📉 Recent fall in AUD/NZD driven by positioning, but likely lightened up … Read more