The upcoming week holds crucial decisions, especially Wednesday's Federal Open Market Committee meeting. We witnessed the recent NFP, unemployment rates dropping, and hourly earnings rising, strengthening the US dollar.
ACY Securities | vor 3Std 16 Minuten
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%.
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.
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.
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 | vor 5Std 57 Minuten
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 | vor 8Std 17 Minuten
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 | vor 9Std 8 Minuten
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.
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.
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.
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.
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 | vor 3 Tagen
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.
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.
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 | vor 3 Tagen