Analysis
Yen Weakens to 157 per USD, Intervention Rhetoric Ramps Up
The Dollar Index (DXY), a popular measure of the Greenback’s value against a basket of 6 major currencies, eased to 104.75 (105.05) in choppy pre-weekend trade.
ACY Securities
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7 days ago
Forex Market Report - 27th May 2024
This daily 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
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7 days ago
Sentiment sours after strong US PMIs; stocks slip, dollar climbs
Rate cut expectations take another hit after upbeat PMIs. Dollar rises to 10-day high, Nvidia rally unable to lift Wall Street. Higher for longer weighs on oil and gold.
XM Group
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10 days ago
Nasdaq100: not yet a correction
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Nasdaq100: not yet a correction
FxPro
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10 days ago
The Australian Dollar rapidly depreciates
The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar's robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts.
RoboForex
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10 days ago
Robust PMIs Lift Dollar; US Two-Year Bond Yield Surges
The Dollar Index (DXY), which gauges the value of the Greenback against a basket of 6 major currencies, lifted to 105.05 (104.90). Robust US PMIs lifted the Dollar.
ACY Securities
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10 days ago
NZD/CAD BoC vs. RBNZ Divergence
The New Zealand dollar was the top performer among G10 currencies last night, and the latest policy meeting by the RBNZ is to thank for that. The NZD/USD exchange rate surged to an intra-day high of 0.6152, while the AUD/NZD rate fell to an intra-day low of 1.0861. The New Zealand dollar has appreciated 4.1% month-to-date versus the USD, making the Kiwi the best G10 currency this month.
ACY Securities
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10 days ago
Ethereum: too soon to say goodbye to $3000
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Ethereum: too soon to say goodbye to $3000
FxPro
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10 days ago
Daily Global Market Update
The pound dipped 0.1%, Bitcoin fell 1.8%, oil decreased 0.2%, and AUD/USD corrected down 0.1%. Coinbase reopened XRP trading in New York. UK stocks fell amid election uncertainty, and oil prices dropped to their lowest since February. Key upcoming economic releases include UK retail sales, US durable goods orders, and Germany's GDP.
Moneta Markets
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10 days ago
Dollar Gain on Hawkish Fed Prospect
U.S. PMI readings beating market expectations came to its highest level in 2 years, fuels dollar upward momentum.
PU Prime
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10 days ago
Forex Market Report - 24th May 2024
This daily 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
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10 days ago
Upbeat PMIs brought buyers back into the Euro
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Upbeat PMIs brought buyers back into the Euro
FxPro
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11 days ago
Gold falls from highs
The price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed's policymakers was notably cautious, aligning with previous calls for a restrained approach to monetary policy.
RoboForex
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11 days ago
Dollar benefits from hawkish Fed minutes
Dollar rallies as both gold and bitcoin fall; Early UK elections called after mixed UK CPI report; EZ PMIs unlikely to stop the ECB from cutting rates in June
XM Group
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11 days ago
Daily Global Market Update
The EUR/USD fell 0.2%, the dollar rose 0.3% against the yen, and gold dropped 1.7%. Meta's stock was stable. Sterling rose, UK stock futures fell, and Wall Street had mixed results. US crude inventories unexpectedly increased.
Moneta Markets
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11 days ago
Bitcoin prepares for $100K hike
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin prepares for $100K hike
FxPro
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11 days ago
Investors Seeing the Light the Rising Appeal of GBP
There has been evidence of an increase in optimism among FX investors regarding the GBP. Bearish sentiment, which surrounded the GBP over the past years, is revived out of a slight relaxation in cost-push inflation and the expectation of political stability to emerge after the general election this autumn.
ACY Securities
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11 days ago
Dollar Surge on Hawkish FOMC Meeting Minutes
The U.S. dollar has strengthened, with the Dollar Index (DXY) climbing to its highest level this week, fueled by hawkish FOMC meeting minutes released in the last session. The minutes revealed that some members doubted whether the current interest rate level is sufficient to bring inflation down to the 2% target, leading to a jump in both U.S. Treasury yields and the dollar's strength.
PU Prime
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11 days ago
UK Inflation distanced the expected rate cut
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: UK Inflation distanced the expected rate cut
FxPro
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12 days ago
Dollar under pressure as Fed speakers multiply
FOMC minutes in the spotlight today. Mixed UK CPI probably keeps the door closed to a June move. RBNZ surprises with its hawkishness; kiwi benefits. Nvidia reports after the US market close
XM Group
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12 days ago
