Analys

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.
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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.
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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.
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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.
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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.
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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.
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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 | 700 dagar sedan
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 | 700 dagar sedan