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Forex Market Report - 28th June 2024

Forex Market Report - 28th June 2024

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets | 493 hari yang lalu
Yen Weakness Triggers Intensified Verbal Intervention from Japanese Officials

Yen Weakness Triggers Intensified Verbal Intervention from Japanese Officials

The Japanese yen continued its downward trajectory overnight, with the USD/JPY pair hitting a new high for the year at 160.87. This persistent depreciation has heightened concerns among Japanese authorities, leading to stronger verbal interventions. Japan's top currency official, Kanda, expressed grave concern yesterday, stating, "I am deeply worried about the recent rapid weakening of the yen.
ACY Securities | 493 hari yang lalu
All Eye on Today’s U.S. PCE

All Eye on Today’s U.S. PCE

Investors are eagerly anticipating today’s U.S. Personal Consumption Expenditures (PCE) data for further insights into the dollar’s trajectory.
PU Prime | 493 hari yang lalu
Yen: a managing decline

Yen: a managing decline

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Yen: a managing decline
FxPro | 494 hari yang lalu
Yen under pressure as USD/JPY hits new highs since 1986

Yen under pressure as USD/JPY hits new highs since 1986

The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete financial measures, leaving the yen vulnerable.
RoboForex | 494 hari yang lalu
Daily Global Market Update

Daily Global Market Update

The Euro and Gold dipped slightly, while the Dollar strengthened against the Yen. Meta's stock surged but might be overbought. Amazon hit $2 trillion in market cap, boosting investor optimism. Upcoming economic data include US GDP and Durable Goods Orders.
Moneta Markets | 494 hari yang lalu
AUD/USD surged, buoyed by RBA confidence and inflation growth

AUD/USD surged, buoyed by RBA confidence and inflation growth

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%.
RoboForex | 495 hari yang lalu
Dollar Strengthen on Upbeat Economic Data

Dollar Strengthen on Upbeat Economic Data

On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar's strength. Despite the Fed's hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling gains in the Nasdaq and S&P 500.
PU Prime | 495 hari yang lalu