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Analysis
How Further Will the US Dollar Correct?
Bonds experienced another tumultuous trading session, yet this time around, yields headed in a downward direction. This shift was partly attributed to a less-than-ideal ADP payroll report (known for its unreliable predictive power), which acted as a deterrent against further selloffs.
ACY Securities
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636 days ago
Daily Global Market Update
Pound-dollar: +0.4%, RSI positive. Bitcoin: -1.1% despite intraday high. Oil: -2%, oversold (Ultimate Oscillator). Aussie-dollar: +0.6%, MACD negative. Ledger CEO cuts 12% staff. Bank of England considers rate cuts. Crude prices dip on Russia news. Economic releases: US Non-farm Payrolls, Japan's Coincident Index, Finland's Trade Balance, Germany's Factory Orders, UK's CFTC GBP NC Net Positions.
Moneta Markets
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636 days ago
Dollar Mutes Ahead of Nonfarm Payroll
U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated Nonfarm Payroll data set to be released today.
PU Prime
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637 days ago
Deciphering the Impact of Non-Farm Payroll on the USD
Join Luca Santos, ACY Securities' Technical Market Analyst, as he dives into the world of USD pairs trading, centered around the ADP Non-Farm Payrolls data release.
ACY Securities
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637 days ago
Japanese Officials Declined to Confirm if Intervened
The Japanese yen has remained strong in overnight trading following a relatively turbulent session yesterday. The currency briefly climbed back above the 150.00 level and reached an intraday high of 150.16 against the US dollar before sharply dropping to an intraday low of 147.43.
ACY Securities
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637 days ago
Keep Holding the USD Longs
The ongoing US Treasury sell-off persists, creating a sense that a significant development is on the horizon. Increased volatility across various markets and broader credit spreads strongly encourages a cautious approach. In the present economic climate, this translates to maintaining a strong position in the US dollar.
ACY Securities
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637 days ago
Crypto hits a glass ceiling
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto hits a glass ceiling
FxPro
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637 days ago
Daily Global Market Update
The euro saw a 0.3% increase against the dollar, while the Dollar-Yen pair remained stable. Gold had a minor 0.1% drop, and Google's shares rose by 1.8%. The Pound gained against the dollar due to a weaker U.S. currency and positive UK business data, while global economic concerns and China-Germany financial cooperation were noted.
Moneta Markets
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637 days ago
Dollar Ticks Lower by Poor Job Data
The US dollar plunged below the pivotal $107 threshold, following a mere 89,000 increase in private-sector employment in the last month, marking its lowest figure since September 2021.
PU Prime
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638 days ago
USD/JPY Analysis: Navigating Exchange Rate Dynamics in 2023
Explore the current factors influencing the USD/JPY exchange rate and their implications for traders and investors.
Otet Markets
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638 days ago
EUR/JPY Forex Analysis: Navigating Cross-Currency Dynamics
Explore the factors driving EUR/JPY movements in forex markets.
The EUR/JPY currency pair holds a unique position in the forex market, representing the Eurozone and Japan. Its movement is influenced by various factors:
Otet Markets
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638 days ago
Daily Global Market Update
Bitcoin down 0.4%, Tesla -0.8%, Aussie Dollar -0.8%, Gold -0.1%. Saudi Arabia may extend OPEC+ cuts amid recession. US dollar at 10-month peak; Euro, Pound, Yen down. Upcoming: US ADP Employment, ISM PMI, Eurozone Retail Sales & Producer Price Index, Japan Bank Services PMI, Foreign Bond Investment.
Moneta Markets
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638 days ago
The Yen's Decline Sparks Speculation of Intervention
The Japanese yen's sudden dip after hitting the pivotal 150 level has spurred speculation about potential intervention by Japanese authorities.
PU Prime
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639 days ago
Why October Is The Most Dangerous Month For The Stock Market In 2023
As we step into the month of October, historically dubbed as the "jinxed" month for equity markets, it's prudent to exercise caution and consider the factors that might contribute to heightened risk this year.
ACY Securities
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639 days ago
AUDUSD - Will the Downtrend Continue as RBA keeps rates on hold?
Join Luca Santos, Technical Market Analyst, in this insightful video as he delves into the AUDUSD currency pair and explores whether the downtrend will persist, especially in light of the recent decision by the Reserve Bank of Australia (RBA) to keep interest rates unchanged.
ACY Securities
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639 days ago
AUD & NZD Weakening Trends Reversing Ahead of RBA & RBNZ Policy Meeting
In September, the New Zealand Dollar (NZD) has demonstrated remarkable strength among the G10 currencies, registering a gain of 1.1% against the US Dollar (USD).
ACY Securities
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639 days ago
USD, EUR, JPY & GBP – All You Need to Know
Increased oil prices and rising real yields likely had a stronger impact on the dollar due to positive month-end flows. This could result in the dollar overshooting from what I consider to be fair levels, around 1.08 in EURUSD.
ACY Securities
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639 days ago
AUDUSD, EURUSD, S&P500 - A Review of some Recent Key Levels from ACY's Live Interactive Telegram
Nathan Bray reviews some recent trade set ups in the light of the RBA keeping rates on hold at 4.1%. See what the key trading levels that were discussed and posted on the ACY Securities Live Interactive trading Feed have played out in the past few weeks. He has a look at he AUDUSD, EURUSD and the S&P500.
ACY Securities
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639 days ago
Daily Global Market Update
Gold, euro, and pound saw declines against the dollar, while Bitcoin showed overbought signals. The UAW strike costs the U.S. economy $4 billion, Tesla's Q3 sales disappointed, and Bitcoin surged past $28,000. Key economic announcements include U.S. JOLTS Job Openings and Australia's RBA Interest Rate Decision today.
Moneta Markets
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639 days ago
Fed’s Hawkish Stance Bolsters Dollar
In a staunch show of strength, the dollar advances due to the market consensus towards the Fed maintaining elevated interest rates to combat persistent inflation.
PU Prime
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639 days ago