AUD Rebounds, Eyes US Employment Data
AUD Rebounds, Eyes US Employment Data The Australian Dollar (AUD) experienced a brief respite in its recent downward trend on Wednesday. However, it continues to face significant pressure due to a combination of risk-off sentiment and the persistent strength of the US Dollar (USD). The catalyst for this pressure was the Reserve Bank of Australia’s […]
BOJ Debates Exiting Easy Policy, 10-Year JGBs Weaken
BOJ Debates Exiting Easy Policy, 10-Year JGBs Weaken At the September meeting, the Bank of Japan (BOJ) saw an increased focus on the eventual exit from their ultra-loose monetary policy, a development that drove 10-year government bond yields to their highest levels in a decade. In a summary of opinions from the meeting, it became […]
S&P500 Futures Hit 5-Week Low, Yields Reach Yearly High on Hawkish Fed Minutes and Global Woes
S&P500 Futures Hit 5-Week Low, Yields Reach Yearly High on Hawkish Fed Minutes and Global Woes The risk appetite in the market remains downbeat as investors express concerns over a hawkish Federal Reserve stance amidst global economic woes. Additionally, challenges to market sentiment arise from geopolitical and economic troubles emanating from China, along with recently […]
WTI Holds Firm Above $82: China’s Issues and US Retail Sales in Focus
WTI Holds Firm Above $82: China’s Issues and US Retail Sales in Focus The Western Texas Intermediate (WTI) crude oil price has maintained its position above the $82 mark on the trading landscape, with two major factors shaping its trajectory: concerns over China’s economic challenges and anticipation of US retail sales data. Amid the economic […]
First Time in Over 2 Years: China’s Consumer Prices Experience a Drop
First Time in Over 2 Years: China’s Consumer Prices Experience a Drop China’s consumer prices have taken an unexpected turn, experiencing a notable decline for the first time in over two years. The latest official data released on Wednesday revealed a 0.3% drop in China’s consumer-price index (CPI) for the month of July compared to […]
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken The USD/CAD currency pair has stabilized around the 1.3350 mark, a significant one-month high, in a volatile market landscape where key US economic data is keenly anticipated. This relative steadiness is due to a mix of contributing factors, including the […]
U.S. Stocks Rise as Market Awaits Fed Decision
U.S. Stocks Rise as Market Awaits Fed Decision On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision. The Dow Jones Industrial Average, one of the key indices in the stock market, ended the day with […]
How to Use Stop Loss in Forex Trading
How to Use Stop Loss in Forex Trading Online Forex trading has witnessed a surge in popularity, attracting individuals to the vast and dynamic market. However, navigating the volatility can be daunting, especially for beginners. A crucial aspect of successful online Forex trading lies in understanding and employing stop loss orders effectively. In this blog […]
Optimism in Asian Stock Markets as Fed, ECB, and BoJ Meetings Loom; China’s Performance Lags Despite Stimulus Hopes
Optimism in Asian Stock Markets as Fed, ECB, and BoJ Meetings Loom; China’s Performance Lags Despite Stimulus Hopes Asian stock markets experienced a mixed start to the week, with Japan’s Nikkei 225 emerging as the top performer, soaring by nearly 1.5% fueled by robust quarterly earnings from major automotive manufacturers. The overall Japanese market sentiment […]
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision During the European session on Friday, the USD/JPY pair demonstrated strong upward momentum, crossing the 140.20 mark. This surge in the exchange rate can be attributed to the diverging monetary policies pursued by the Bank of Japan (BoJ) and the Federal Reserve (Fed). […]
Asian Stock Traders Tread Cautiously Ahead of US Retail Sales Data
Asian Stock Traders Tread Cautiously Ahead of US Retail Sales Data As Tuesday unfolded, Asian stock traders navigated the markets with caution, displaying a predominantly negative sentiment across the region. One prevailing concern on their minds was China’s economic outlook, which cast shadows of uncertainty on the trading floors. Adding to their apprehension was the […]
US-China Resume Climate Talks, Vow Big Steps
US-China Resume Climate Talks, Vow Big Steps John Kerry, the US Climate Envoy, initiated his first significant climate discussions with Chinese officials in almost a year. Despite the profound tensions between the two superpowers, both sides committed to achieving practical results. Xie Zhenhua, China’s climate envoy, indicated on Monday that China is pursuing substantial dialogue […]
EUR/USD Volatility Rises Above 1.1200 Ahead of US Retail Sales
EUR/USD Volatility Rises Above 1.1200 Ahead of US Retail Sales As the anticipated US Retail Sales data for June looms, the EUR/USD pair has experienced a noticeable increase in volatility, crossing the significant 1.1200 threshold. This major currency pair has found a degree of stability as investors from around the globe eagerly await these crucial […]
China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low
China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low As China’s yuan edges closer to a 15-year low against the dollar, the country’s capacity to stimulate its struggling economy via monetary policies is increasingly constrained. In Shanghai, the yuan was trading at 7.244 against the dollar at the end […]
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI Amid the recovery in oil prices and ongoing struggles of the US Dollar, the USD/CAD pair is experiencing a downward trend, moving towards the 1.3200 mark ahead of the release of Canada’s PMI. The USD/CAD has slid to […]
Japan’s Top Currency Diplomat Warns Against Weakening Yen
Japan’s Top Currency Diplomat Warns Against Weakening Yen Masato Kanda, Japan’s leading currency diplomat, has raised concerns over the weakening yen, asserting that Japan will contemplate all possible measures to address excessive currency fluctuations. Kanda stressed the importance of stable currency movements that mirror economic fundamentals, as the yen recently depreciated beyond ¥143 against the […]
Inflation and Recession Worries Take Center Stage This Week
Inflation and Recession Worries Take Center Stage This Week US The US Federal Reserve (Fed) is anticipated to end its rate-hiking campaign shortly. Attention will turn to Personal Consumption Expenditures (PCE) readings, hoping for a decline in inflation. A decrease in inflation may boost swap futures’ confidence in one more Fed rate hike. Wall Street […]
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions The German economy experienced a marked loss of momentum during the latter part of the second quarter, according to the latest ‘flash’ PMI survey conducted by Hamburg Commercial Bank. Weakening demand conditions led to a significant slowdown in business activity growth, while company expectations […]