Key Takeaways: 💵 Investors broadly sold off the US dollar last week in response to positive US economic indicators 📈 Real money investors have a slightly short position on the US dollar 💰 Hedge funds still hold near-highest levels of long positions on the US dollar 💸 Australian dollar (AUD) saw increased interest with long … Read more
Key Takeaways 💵 The dollar is struggling as investors anticipate Federal Reserve monetary easing. 📈 Cryptocurrencies are rallying, with ether hitting a 2-month high amidst growing excitement for spot ether ETFs. 🇪🇺 The euro edged higher to $1.0860. 📊 Thursday’s data on European Central Bank wage tracker and Euro zone PMI is awaited for insights … Read more
Key Takeaways: 💹 U.S. stock indices are close to all-time highs 📈 Citigroup sees potential for further upside in S&P 500 and Nasdaq based on bullish positioning levels 💸 $17bn of notional added last week to S&P from new risk flows 📊 Nasdaq flows show increase in long positioning but remain near neutral 🔍 Europe … Read more
Key Takeaways 💵 Dollar traded in a tight range as traders await Federal Reserve rate cut clues 📊 Dollar Index remained largely unchanged at 104.475 🇺🇸 Fed officials cautious on monetary policy, dulling early rate cut hopes 🗣️ More Fed speakers to monitor: Barr, Barkin, Williams, Bostic 💲 Modest scaling back of total Fed easing … Read more
Key Takeaways: 💪 Swedish krona shows strength against euro, holding stable at 11.61 🚫 Riksbank Governor dismisses possibility of rate cut in June 📉 Market expectations of rate cut reduced to 30%, potential alignment with Norwegian krone 💵 Euro trading rangebound against US dollar 🗓️ Light data calendar expected to limit EUR/USD movement today 🎙️ … Read more
Key Takeaways: 💰 Dollar and yen remained firm, while other currencies made slight gains against the dollar 📉 New Zealand and Aussie dollar weakened, with the RBA keeping rates steady 📈 Cryptocurrencies, particularly Ether, rallied on speculation of SEC approval for ETFs 🇺🇸 Fed speakers and market pricing indicate anticipation of rate cuts starting in … Read more
Key Takeaways 💴 Most Asian currencies weakened on Tuesday, while the dollar firmed slightly 📉 Japanese yen showed weakness and moved towards levels attracting government intervention 🇨🇳 Waning optimism over China’s stimulus measures impacted markets 💹 USDJPY pair rose 0.2% and traded above the 156 level 🏛️ Uncertainty over Bank of Japan’s plans for policy … Read more
Key Takeaways: 💰 Bitcoin rose to $70,206 at 20:03 GMT, adding $3,931 to its previous close 📈 Bitcoin is up 82.3% from the year’s low of $38,505 on Jan. 23 💸 Ether rose 13.3% on Monday to $3500 🇺🇸 Approval and launch of spot bitcoin exchange-traded funds in the U.S. has attracted new investors and … Read more
Key Takeaways 💵 Investors await further clues on U.S. interest rates 📉 Data shows easing in U.S. consumer price pressures 🇪🇺 Euro down against the dollar at $1.0863 📊 Markets pricing in 50 basis points of Fed rate cuts 🌍 Survey-based gauges of economy for euro zone, Germany, UK, and US due this week 📈 … Read more
Key Takeaways: 💵 Dollar remains firm against euro as investors await Fed guidance 📉 Euro slightly down against dollar at $1.0836, dollar up 0.3% against yen at 156.15 yen 🇺🇸 U.S. consumer prices rose less-than-expected in April, leading to expectations of Fed rate cuts 📊 Survey-based gauges of the economy for euro zone, Germany, UK, … Read more