Analysis

Daily Global Market Update

Daily Global Market Update

Bitcoin down 0.1%, Microsoft up 0.8%, Aussie dollar stable, gold dips 0.1%, cautious oil price rise; US sees unexpected consumer price hike, $1.7 billion crypto loss to hackers. Economic highlights: UK GDP, US Fed Rate Decision, Finland's Current Account, US FOMC Press Conference, UK Industrial Production, and Japan's Foreign Investment in Japan Stocks.
Moneta Markets | 569 days ago
Dollar pulls back as US CPI data take center stage

Dollar pulls back as US CPI data take center stage

US inflation numbers enter the spotlight ahead of the Fed - Headline CPI rate expected to tick down, core to hold steady - Yen extends slide on more BoJ-related reports, rebounds today - Wall Street climbs to new highs for the year
XM Group | 569 days ago
All Eyes on FOMC Meeting After Stronger NFP

All Eyes on FOMC Meeting After Stronger NFP

The US dollar has maintained its robust performance, continuing to trade at stronger levels overnight and extending its advance after the release of a more robust than expected US payrolls report last Friday. This positive momentum propelled the USD/JPY pair back above the 146.00-level during the overnight session, surpassing the low of 141.70 recorded on December 7th.
ACY Securities | 570 days ago
UK wage growth slows ahead of BoE update

UK wage growth slows ahead of BoE update

Asia-Pacific stocks up modestly; UK wage growth slows, unemployment at 4.2%. US CPI likely to drop to 3.1%, core at 4.0%. German ZEW survey to improve slightly. UK GDP expected to fall 0.1% in October. Slight rise in bond yields; sterling dips but near highs against euro. Markets await key monetary policy decisions.
Moneta Markets | 570 days ago
All Eyes on U.S. CPI Reading

All Eyes on U.S. CPI Reading

The U.S. Dollar is holding firm above the $103.50 level, buoyed by the positive momentum gained from upbeat U.S. job data released last Friday. Market focus is now trained on the impending U.S. Consumer Price Index (CPI) reading, anticipated to influence the dollar's trajectory.
PU Prime | 570 days ago
USDJPY, EURUSD, GBPUSD

USDJPY, EURUSD, GBPUSD

Fed to stick to stable rates; will USDJPY move even higher?; EURUSD is muted below 1.0800 awaiting ECB meeting; GBPUSD stays calm ahead of BoE rate announcement
XM Group | 570 days ago
Robust Payrolls Report Lifts Dollar, Yields Climb

Robust Payrolls Report Lifts Dollar, Yields Climb

The US economy created a total of 199,000 jobs in October from 150,000 previously and beating median forecasts of 180,000. Unemployment fell with the Jobless Rate down to 3.7% from 3.9%. Average Hourly Earnings also beat estimates, up to 0.4% from 0.3%.
ACY Securities | 571 days ago
JPY Peak Divergence Hits Home

JPY Peak Divergence Hits Home

In the Tokyo trading session close to finish las week, the yen once again demonstrated its mettle by surging to a notable 142.50, following a brief but impactful spike to 141.71 the previous day. This surge marks a pivotal moment as the yen attains its strongest position against the US dollar since the memorable date of August 7th.
ACY Securities | 571 days ago
Weekly Wrap Up & What to Look for the Week

Weekly Wrap Up & What to Look for the Week

Last Friday trading session, the USD-JPY currency pair witnessed a significant and noteworthy decline, primarily influenced by comments made by Bank of Japan (BoJ) Governor Ueda. Governor Ueda highlighted the escalating challenges in policymaking, particularly as we approach the fiscal year-end in March 2024.
ACY Securities | 571 days ago