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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 | 654 days ago
Is it Worth Trading the Nonfarms

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 | 654 days ago
Dollar Surges On Exceptional Jobs Data

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 | 654 days ago
Yen Surges, Bets Build – BOJ to Scrap Negative Rates; DXY Falls

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 | 657 days ago
Daily Global Market Update

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 | 657 days ago
Yen Rallies on BoJ Hawkish Comment

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 | 657 days ago
RBA's Impact on Eurozone Currency Markets and Looking Ahead to the NFP

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 | 658 days ago