US Yields Boost Dollar, Weaken Yen
US Yields Boost Dollar, Weaken Yen The dollar strengthened on Tuesday, driven by rising U.S. yields, putting pressure on low-yielding currencies like China’s yuan and Japan’s yen, which fell to its lowest level since 1986. Benchmark 10-year Treasury yields increased nearly 14 basis points to 4.479% overnight. Analysts attributed this rise to expectations of Donald […]
Mixed Stocks, Dollar Weakens Ahead of Inflation Report
Mixed Stocks, Dollar Weakens Ahead of Inflation Report European shares were poised for modest gains, tracking mild increases in Asian markets as the dollar weakened ahead of key inflation data expected to impact global monetary policy. Futures for European and US stocks showed slight rises, while the 10-year Treasury yield held steady. The MSCI AC […]
Japan’s Exports Rise for Fourth Straight Month on Strong China Demand
Japan’s Exports Rise for Fourth Straight Month on Strong China Demand Japan’s exports rise for the fourth consecutive month, spurred by a weakening yen and robust demand from China, despite weaker domestic consumption. According to a report from the Finance Ministry, exports increased by 7.3% in March year-over-year, a slight slowdown from February’s 7.8% growth. […]
USD/CAD Drops as US Dollar Weakens and Oil Prices Fall
USD/CAD Drops as US Dollar Weakens and Oil Prices Fall The USD/CAD currency pair ended its five-day rally, settling at around 1.3820 during the Asian trading session on Wednesday. This shift was primarily due to a modest correction in the US Dollar (USD), which exerted downward pressure on the pair. Despite this, declining crude oil […]
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline On Thursday, the U.S. dollar exhibited robustness following the release of U.S. inflation data that surpassed expectations. This data dampened the previously held anticipation of the Federal Reserve commencing its rate-cutting cycle as early as June. Meanwhile, the yen experienced a significant decline, dropping […]
EUR/USD Declines Toward 1.0830 Amid Market Caution, Attention on US NFP Data
EUR/USD Declines Toward 1.0830 Amid Market Caution, Attention on US NFP Data The Euro to Dollar exchange rate (EUR/USD) continues its downward trajectory that began on Thursday, approaching a value near 1.0830 during the Asian trading session on Friday. This movement reflects an increase in market caution, significantly influenced by escalating geopolitical tensions in the […]
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review The US dollar heralded the start of 2024 by recording its largest daily surge since March, as market participants scaled down their predictions regarding the Federal Reserve’s interest rate cuts for the year. On Tuesday, the Bloomberg Dollar Spot Index climbed over 0.7%, marking […]
USD/CAD Drops Below 1.3400 Amid Weak Dollar and Rising Oil Prices, Awaiting US PMI Data
USD/CAD Drops Below 1.3400 Amid Weak Dollar and Rising Oil Prices, Awaiting US PMI Data In recent sessions, the USD/CAD currency pair has continued its downward trajectory for the third consecutive day. The pair was seen hovering around the 1.3390 mark during Friday’s Asian trading hours. The depreciation of the pair is largely due to […]
Australian Dollar holds above key level before US housing data release
Australian Dollar holds above key level before US housing data release The Australian Dollar (AUD) continues to navigate through difficult market conditions, maintaining its stance above a significant threshold as it grapples with losses incurred on Friday. This comes in the wake of disappointing economic figures from the United States (US), which were publicized on […]
Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped
Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped Gold prices have seen an uptick, reaching a new daily high as a cautious mood in the market tempers risk appetite, suggesting a limited potential for further increases. On Thursday, gold (XAU/USD) halted its pullback from highs around the $1,975-1.976 mark […]
Japan’s Wholesale Inflation Eases, Signaling Reduced Cost Pressures
Japan’s Wholesale Inflation Eases, Signaling Reduced Cost Pressures In a notable economic development, Japan’s wholesale inflation rate has decelerated to below 1% for the first time in over two and a half years, according to recent data. This deceleration is a clear indication that the inflationary pressures, which have been pushing up the prices of […]
USD/CAD Holds Above 1.3800 Amid Falling Oil Prices
USD/CAD Holds Above 1.3800 Amid Falling Oil Prices The USD/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience a downturn. The pairing saw a rebound from the losses it suffered last Friday, climbing to a value around 1.3810 in the Monday Asian trading session. This […]
Australian and New Zealand Currencies Endure a Tough Week as Rate Hike Expectations Offer Minimal Relief
Australian and New Zealand Currencies Endure a Tough Week as Rate Hike Expectations Offer Minimal Relief Throughout the week, the Australian and New Zealand dollars have been on a downward trajectory, marking their fifth consecutive session of losses on Friday. The downtrend has been exacerbated by a surge in U.S. Treasury yields, which has put […]
Dollar Weakens as Fed Hike Expectations Diminish
Dollar Weakens as Fed Hike Expectations Diminish On Friday, the dollar witnessed a downturn, heading towards a weekly drop against multiple currencies. Market participants speculate that the U.S. Federal Reserve might have concluded its rate hikes, thus enhancing the risk sentiment. The dollar index, reflecting its value against six primary currencies, marked a decline of […]
Forex and Cryptocurrency Forecast
Forex and Cryptocurrency Forecast EUR/USD: Dollar Awaits U.S. Bankruptcy The dollar has been rising since May 4. Last week, on May 26, the DXY Index reached 104.34. It hasn’t been this high since mid-March 2023. What is driving the U.S. currency up and, consequently, pushing the EUR/USD pair down? According to analysts at Commerzbank, “the […]
AUD/USD Dips on Soft Retail Sales
AUD/USD Dips on Soft Retail Sales AUD/USD ends 6-day rally Australian retail sales decline Fed warns that banks are tightening credit The Australian dollar is in negative territory, ending a rally of close to 200 points. In the European session, AUD/USD is trading at 0.6760, down 0.29% on the day. Australian retail sales decline Australian […]
S&P 500 Prospects follow US Treasury yields to the south ahead of Powell-Yellen duet
S&P 500 Prospects follow US Treasury yields to the south ahead of Powell-Yellen duet S & P 500 Futures fails to increase the prior day’s recovery moves, part ways from Wall Street gains. Cautions sentiment ahead of key testimony West Versus China struggle heavily the mood amid a light calendar. Early Signals recommend no challenges […]
Dollar Pullbacks Positive over U.S. Data
Dollar Pullbacks Positive over U.S. Data! On Wednesday morning the dollar was down in Asia and will continue to retreat the session from the safe side according to the data released on Tuesday US inflation. The US consumer price index has posted a 0.6% increase data month by month that was seems higher in […]