EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level The EUR/JPY cross experienced a rollercoaster ride in the financial markets, starting with a brief bullish spike that pushed it towards the 155.00 region. However, this upward momentum was short-lived as the pair swiftly plummeted to its lowest level since mid-June. The culprit behind this […]
ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]
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 […]
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes On Thursday, Asian shares and bonds enjoyed a rally, while the dollar faced significant losses. This shift in the market sentiment was fueled by lower-than-expected U.S. inflation figures, leading to the belief that the Federal Reserve may be […]
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month Japan’s wholesale inflation has been witnessing a steady slowdown for the sixth consecutive month as of June, largely attributed to the declining prices of fuel and commodities. The data, released on Wednesday, indicates an easing of the cost-push pressure that has previously escalated […]
Dollar Dips to Three-Month Low Anticipating Inflation Data
Dollar Dips to Three-Month Low Anticipating Inflation Data Anticipating the forthcoming US inflation report, the US dollar, a formidable force in the international currency market, has seen a decline, reaching a three-month low. This drop is seen as an indicator of the possibility that the Federal Reserve’s tightening strategy may be nearing its end. The […]
US Dollar Dips Under Key Support Level
US Dollar Dips Under Key Support Level The financial week started on a cautiously optimistic note, with European and US stocks registering slight increases. However, investor sentiment was somewhat dampened by the announcement of stricter capital requirements for US banks. This news impacted the performance of several mega-cap companies, with tech giants such as Tesla […]
Allianz’s Subran Warns of Increased Risk of Policy Mistakes from Fed or ECB
Allianz’s Subran Warns of Increased Risk of Policy Mistakes from Fed or ECB Ludovic Subran, Chief Economist at Allianz, has warned of the potential for policy missteps by US or euro-zone policymakers as they seek to tighten monetary conditions. Such errors could pose a serious threat to the global economy. During an interview with Bloomberg […]
USD/CAD Sees Modest Gains Near 1.3230-35, Awaits FOMC Minutes
USD/CAD Sees Modest Gains Near 1.3230-35, Awaits FOMC Minutes The USD/CAD pair has been a focal point for investors during Wednesday’s Asian session. This currency pair saw an uptick in buying, allowing it to recover from its weekly low of approximately 1.3200 achieved on Tuesday. At present, spot prices are hovering around the 1.3230-1.3235 range, […]
Hopes of Interest Rate Peak Propel European Stocks Higher
Hopes of Interest Rate Peak Propel European Stocks Higher Optimism over a possible peak in interest rates has given European stocks a slight boost. On Tuesday, minor gains were noted across the European stock market due to traders’ anticipation that central banks would avoid triggering a recession by excessively hiking interest rates in their effort […]
Dow futures are indicating a downward trend
Dow futures are indicating a downward trend During the evening trading session on Thursday, U.S. stock futures exhibited a varied performance, following a predominantly positive session for major benchmark averages. This optimistic sentiment was spurred by GDP data that outstripped expectations, thereby bolstering investor confidence. Furthermore, banks saw an upswing after the Federal Reserve announced […]
Mid-Year Outlooks for APAC Sector Less Risky Due to China’s Recovery
Mid-Year Outlooks for APAC Sector Less Risky Due to China’s Recovery The mid-year outlooks for the Asia-Pacific (APAC) sector seem less risky, largely attributable to China’s economic recovery. This represents a significant pivot from previous predictions, highlighted by Fitch Ratings’ recent analysis of 47 mid-year sector outlooks in APAC. Of these, they classified 13 as […]
USD/JPY steadies near YTD peak below 145.00 ahead of US PCE Index
USD/JPY steadies near YTD peak below 145.00 ahead of US PCE Index The USD/JPY currency pair is currently holding steady near its year-to-date (YTD) peak, hovering just below the 145.00 level. This comes as the pair trades comfortably in the 144.55-144.60 region, a clear sign of its recent upward momentum. The pair’s movement has been […]
Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline
Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline Kazuo Ueda, the current head of the Bank of Japan, has publicly supported the institution’s continuous implementation of monetary easing policies, despite the ongoing depreciation of the yen. He justified this by pointing out that, although the headline inflation rate is above the set target […]
Ahead of Significant Data Releases, US Dollar Continues its Rally
Ahead of Significant Data Releases, US Dollar Continues its Rally The US Dollar (USD) is maintaining its strength against other currencies as it continues to rebound. The US Dollar Index remains near two-week highs around 103.00 after a surge on Wednesday. Today, the European Commission will release June’s business and consumer sentiment data during the […]
NZD/USD Nears Daily Low in Mid-0.6100s, Losses Curbed by Weakening USD
NZD/USD Nears Daily Low in Mid-0.6100s, Losses Curbed by Weakening USD The NZD/USD pair is edging towards its daily low in the mid-0.6100s, with a softer USD providing a buffer against further declines. Since the last session, the pair has seen a marked sell-off, with the drop originating from the 0.6200 mark. During Wednesday’s Asian […]
Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties
Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties In a bid to alleviate concerns and uncertainties, Chinese President Xi Jinping has recently assured foreign investors of his government’s unwavering commitment to addressing economic issues and unpredictable policy-making. Amid a backdrop of global apprehension, Xi underscored China’s dedication to development, openness, and the […]