US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions The U.S. Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for September on Thursday at 12:30 GMT. The U.S. Dollar (USD) faces potential volatility, as the report could play a significant role in
Read moreJapanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus
Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus The Japanese Yen (JPY) continued to drift lower against the US Dollar (USD) on Wednesday, approaching levels last seen in mid-August. Recent economic data from Japan revealed that real wages declined in August after two consecutive months of gains, while household
Read moreBitcoin and Crypto Market Continue Decline Despite Powell’s Hints at Rate Cuts
Bitcoin and Crypto Market Continue Decline Despite Powell’s Hints at Rate Cuts The cryptocurrency market remained in a downtrend on Monday, despite Federal Reserve (Fed) Chair Jerome Powell hinting at possible further interest rate cuts later this year. Crypto Market Slips Amid Speculation of Rate Cuts Fed Chairman Jerome Powell indicated that while the recent
Read moreUS Dollar Index Climbs Above 100.50, Upside Potential Appears Limited Ahead of US PCE Data
US Dollar Index Climbs Above 100.50, Upside Potential Appears Limited Ahead of US PCE Data The US Dollar Index (DXY) rose to around 100.65 during Friday’s Asian trading session, but its upside momentum seems constrained due to expectations of further rate cuts from the Federal Reserve (Fed). The broader weakness in the US Dollar persists
Read moreBOJ Surprises with Removal of Forward Guidance – UOB Group
BOJ Surprises with Removal of Forward Guidance – UOB Group The Bank of Japan (BOJ) kept its monetary policy unchanged but unexpectedly removed its forward guidance, surprising markets, according to UOB Group Senior Economist Alvin Liew. No Change in Monetary Policy as Expected “At its scheduled Monetary Policy Meeting (MPM) on Friday (September 20), the
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