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Analysis
Markets prepare for a busy week of key central bank meetings
Asia-Pacific stocks rebound despite China's CPI drop to -0.5% and PPI decrease. Focus on central bank policies, with rate cuts expected in 2024. Dollar strengthens, US CPI report and Fed decision upcoming.
Moneta Markets
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571 days ago
Is it Worth Trading the Nonfarms
Risk is catching a bit of a bid this morning as the session progresses - Equities in Europe opened a tad firmer and kicked on some more in reaction to a down day Thursday and a positive session for Wall Street to end a three-day funk. London and Frankfurt both +0.2% early doors, Paris +0.6% with luxury stocks rallying.
Markets.com
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571 days ago
AUDUSD ends another year with negative mode
AUDUSD pulls back from 1-year downtrend line; Strong resistance lines to test before switching the downtrend; RSI and stochastic indicate more losses
XM Group
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571 days ago
Yen springs higher, nonfarm payrolls coming up
Japanese yen charges higher on rate hike speculation - Dollar turns to US employment report, downside risks? - Stock markets climb as Google rekindles AI euphoria
XM Group
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571 days ago
Dollar Surges On Exceptional Jobs Data
The US Dollar staged a robust rebound on stellar employment figures, with Nonfarm Payrolls exceeding expectations at 199K and the unemployment rate declining to 3.70%. This unexpected strength sparked optimism about the economic trajectory and fueled uncertainties regarding future Federal Reserve decisions.
PU Prime
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571 days ago
AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500
Watch the video for the key trading levels for AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, and S&P 500.
ACY Securities
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574 days ago
JPY Boosted by Speculation of BOJ's Impending Policy Shift
Luca Santos, Technical Analyst at ACY Securities, brings breaking news in the trading world regarding the sudden plummet of USD/JPY. In a rapid 100-pip downward movement observed overnight, Santos delves into the underlying reasons behind this significant decline.
ACY Securities
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574 days ago
NFP Day: Understanding Market Indicators and Impact on Trading
As the trading week comes to a close, the anticipation of the Non-Farm Payrolls (NFP) report looms large. Today, I delve into the importance of understanding market indicators and their profound impact on trading strategies, especially on a day like NFP day.
ACY Securities
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574 days ago
Yen Surges, Bets Build – BOJ to Scrap Negative Rates; DXY Falls
The Dollar plummeted against the Japanese Yen to 143.45 in late New York after the Bank of Japan signaled that it would scrap its negative interest rate regime this month. The Japanese currency strengthened against all Rivals but most against the US Dollar. A popular gauge of the Greenback’s value against a basket of 6 major currencies, the Dollar Index (DXY) fell to 103.55 from 104.05 yesterday.
ACY Securities
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574 days ago
Daily Global Market Update
Pound up 0.2%, Bitcoin down 0.9%, Oil rises 0.1%, Aussie dollar gains 0.7%. Dogecoin surges 15%, European shares fall, China's oil imports drop 99.2%. Key data: US Payrolls, UK GBP positions, Germany Price Index, Eurozone EFIN, Japan Survey, UK Inflation.
Moneta Markets
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574 days ago
BOC Policy Update Does Not Alter Expectations for Rate Cuts Next Year
The Bank of Canada's final policy update for 2023, as reported by Bloomberg, had a relatively muted impact on the performance of the Canadian dollar, particularly when compared to previous instances of BoC policy decisions throughout the year.
ACY Securities
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574 days ago
JPY Boosted by Speculation That December Boj Meeting Could Be “Live”
The recent surge in the strength of the yen has led to a noteworthy decline in the USD/JPY pair, breaching the crucial 146.00-level and breaking below the support established by the low on December 4th, recorded at 146.23.
ACY Securities
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574 days ago
Yen Rallies on BoJ Hawkish Comment
The Japanese Yen staged a robust rally in the previous session, leading to a substantial 2% drop in the USD/JPY pair overnight. This surge in the Yen's value was significantly influenced by statements from BoJ Governor Kazuo Ueda following discussions with the Japanese Prime Minister.
PU Prime
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574 days ago
Three pillars of yen's strength
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Three pillars of yen's strength
FxPro
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575 days ago
Yen flies as BoJ’s Ueda talks ultra-loose policy exit
BoJ Governor Ueda discusses options after ending negative rates - Yen rallies as speculation for BoJ pivot intensifies - Dollar defies weak labor market data again - Wall Street slips, oil falls 4% on gasoline stock build
XM Group
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575 days ago
USDJPY’s 2023 performance is positive
USDJPY remains above uptrend line; Bearish correction may be on the cards; RSI and stochastic indicate negative move
XM Group
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575 days ago
BTC and ETH pause, as altcoins take the spotlight
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: BTC and ETH pause, as altcoins take the spotlight
FxPro
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575 days ago
Gold False Breaks Monthly Highs - How to Identify Liquidity Zones and False Breaks
What a week it's been for gold! We witnessed a break, a false one as it turned out, above the crucial 2074 monthly high—a level that's held its ground multiple times over the last few years. Some might even refer to it as the "COVID-peak" or the "Putin-peak."
ACY Securities
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575 days ago
RBA's Impact on Eurozone Currency Markets and Looking Ahead to the NFP
The recent Reserve Bank of Australia (RBA) decision to maintain its interest rates at 4.35% has caused a ripple effect in market expectations. This stance has led to a significant shift in how currency markets, particularly in the Eurozone, are navigating amidst global factors, such as weakened inflation data in Europe.
ACY Securities
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575 days ago
Short End Yields Down Sharper in EZ Encourages EUR/USD Retracement
The recent rebound of the US dollar over the past four trading days serves as a reminder that foreign exchange rates are relative, influenced by various factors. Although there's compelling evidence suggesting that the Federal Reserve's tightening cycle has concluded and the labour market may be slowing, similar indicators are emerging elsewhere.
ACY Securities
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575 days ago