Key Takeaways 💵 U.S. dollar forecasted to stabilize amid mixed economic signals 📊 Recent data shows slight deceleration in core CPI and no growth in retail sales 🏦 Federal Reserve expected to keep interest rates higher for an extended period 📉 Market expectations favoring two rate cuts within the year, more optimistic outlook 🌐 Carry … Read more
Key Takeaways: 💹 Most Asian currencies rose after softer U.S. consumer inflation readings 📉 Dollar weakened to one-month low, traders bet on September interest rate cut 📊 Japanese yen fell due to softer domestic economic data 🇨🇳 Chinese yuan dropped slightly amidst trade tensions with the U.S. 🏦 Bank of Japan’s ability to raise interest … Read more
Key Takeaways: 💱 Credit Agricole recommends a sell trade for the EUR/JPY currency pair 📉 Short-term fair value of EUR/JPY has decreased from a record high 📊 European Government Bond yields and equity performance impact EUR/JPY valuation 📈 EUR/JPY pair considered more than two standard deviations overvalued ⏰ Bank has set stop-loss and take-profit levels … Read more
Key Takeaways: 💹 Dollar weakened against the euro due to lower Treasury yields ahead of U.S. inflation report 📊 Euro edged up to $1.0823 in Asian trading hours 💰 U.S. dollar index eased to 104.94, the benchmark long-term U.S. Treasury yield retreated to 4.4414% 📉 Core consumer prices expected to rise by 0.3% month-on-month in … Read more
Key Takeaways 💵 UBS raises EURSEK targets due to Riksbank interest rate cut 📈 UBS maintains favorable view towards Norwegian Krone (NOK) 📊 UBS advises investors to buy NOKSEK on dips to 0.9850 with target at 1.0260 📉 Revised forecasts now predict EURSEK reaching 11.80 by Q2 2022 📉 The decision is influenced by Riksbank … Read more
Key Takeaways 💹 The dollar dipped to a one-month low versus the euro due to lower Treasury yields and anticipation of a key U.S. inflation report 💱 The yen remained weak against the dollar due to significant yield gaps between local bonds and U.S. peers 📈 The Euro edged up in Asian trading hours, reaching … Read more
Key Takeaways 💵 Asian currencies rose against a weaker dollar as markets awaited U.S. inflation data 📉 Most regional currencies had steep losses against the dollar in recent months 🔻 Dollar index and futures fell slightly in Asian trade, extending overnight losses 💬 Comments from Fed Chair Powell drove the dollar’s decline 🔥 Markets are … Read more
Key Takeaways: 💰 Foreign exchange market turning bearish on U.S. dollar 📈 EUR/USD pair on verge of bullish breakout 📉 Europe-based investors unwinding long USD positions 📊 FX options positioning pointing towards weak U.S. CPI print 🏆 Bank of America Securities bullish on EUR/USD this week 📈 Resistance levels to watch for potential breakout confirmation … Read more
Key Takeaways: 💵 Dollar usually performs well in May historically 📉 Dollar has not experienced its typical seasonal boost this month 📊 Negative May equity returns have decreased in the last decade 🔒 Market might already be long USD for positive carry and as a defensive hedge 💸 Dollar does not typically see a seasonal … Read more
Key Takeaways: 💵 The U.S. dollar slightly increased, with calm trading anticipating U.S. inflation data. 📊 A potential rate cut by the Federal Reserve depends on inflation numbers. 🇬🇧 GBP/USD decreased due to UK jobs data showing rising unemployment. 🇪🇺 EUR/USD dipped after German CPI figures, indicating controlled inflation. 📉 USD/JPY saw slight gains in … Read more