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FX Market Weekly Recap: Sep 4-8, 2023

FX Market Weekly Recap: Sep 4-8, 2023

The U.S. dollar had a remarkable week, supported by reports highlighting the robustness of the U.S. economy in contrast to the global situation. This has bolstered the case for an impending Federal Reserve interest rate hike.
ACY Securities | 680 dias atrás
Daily Global Market Update

Daily Global Market Update

GBP/USD rose 0.5% with overbought signals. AUD/USD remained flat with a bearish outlook. EUR/USD had no significant change, but CCI suggests a bullish trend. USD/JPY was stable with a bearish sentiment. ECB considers a 0.25% rate hike. India's stock market hit $3.8 trillion valuation. Japan's Q2 economic performance fell short, raising doubts about the BOJ's demand-led recovery outlook.
Moneta Markets | 680 dias atrás
Dollar Stays Bid, DXY Hits 6-month Peak

Dollar Stays Bid, DXY Hits 6-month Peak

The Dollar Index, which weighs the value of the Greenback against a basket of 6 major currencies, soared to 105.05 from 104.85, a six-month high. Stronger-than-expected US economic data continued to underpin the Dollar.
ACY Securities | 683 dias atrás
Daily Global Market Update

Daily Global Market Update

Pound-dollar declines 0.2% with a negative outlook. Bitcoin-dollar surges 1.3% with a bullish signal. Oil-dollar slumps 1% with bearish sentiment. Aussie-dollar trades sideways, hints at potential downturn. Financial news includes Genesis Global Capital legal action and FTSE 100's dip. Anticipated economic releases listed.
Moneta Markets | 683 dias atrás
Strong U.S. Economic Data Bolsters Dollar

Strong U.S. Economic Data Bolsters Dollar

The lower-than-expected initial jobless claims and a larger-than-anticipated decline in crude oil stockpiles has reinforced the belief that the Federal Reserve may proceed with interest rate hikes.
PU Prime | 684 dias atrás
United Kingdom Experiences Significant Surge in GDP

United Kingdom Experiences Significant Surge in GDP

UK Q2 GDP rose sharply to 0.5% from -0.1%, led by strong manufacturing, including autos and pharmaceuticals. Eurozone inflation at 5.3% in August. The ECB maintains an open stance regarding interest rate decisions. US July PPI rose by 0.3% due to service costs, highlighting inflation challenge.
PU Prime | 684 dias atrás
The Saudi Squeeze Brings Energy Back Into the FX Mix

The Saudi Squeeze Brings Energy Back Into the FX Mix

If the beleaguered euro and yen did not have enough to worry about already, they now must cope with Brent oil trading above $90/bl as the Saudis extend their supply cuts through to year-end. EUR/JPY, however, could start to turn lower based on positioning.
ACY Securities | 684 dias atrás
Daily Global Market Update

Daily Global Market Update

Euro-dollar stable with a positive ROC, dollar-yen slightly up, gold down 0.5% with negative RSI, Tesla's stock dipped 1.1%, global finance: dollar strong, yen weak, emerging markets faltering due to China, UK hints at rate plateau, economic data releases expected.
Moneta Markets | 684 dias atrás
Dollar Strengthens on Fed Outlook

Dollar Strengthens on Fed Outlook

The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. Short-term U.S. bond yields have surged past 5%, while downward pressure faced by Wall Street amid the Fed's hawkish stance.
PU Prime | 685 dias atrás
Nathan Bray Analyzes S&P 500: Key Levels & Signs of a US Recession?

Nathan Bray Analyzes S&P 500: Key Levels & Signs of a US Recession?

Join Nathan Bray, a seasoned expert from ACY Securities, as he closely watches the critical levels on the S&P 500 index. In this insightful video, Nathan delves into the aftermath of a recent disappointing Factory Orders data print from the US, which has raised concerns about a possible recession in the United States.
ACY Securities | 685 dias atrás