Forexlive Americas FX news wrap: PCE core inflation dips below 3% – ForexLive
market: CAD leads, JPY lags S&P500 fell 0.1% US 10-year bond yield rose 1.5bps to 4.15% Gold falls $1 to 2018 dollars WTI crude oil rose $0.81 to $78.17 The market didn't know exactly what to do with the US PCE report. On the hawkish side, his headline PCE numbers weren't as cool as GDP […]
EUR/USD on the edge after the drop yesterday – ForexLive
To be fair, Lagarde's talk went as expected. He acknowledged the improving trend in inflation while reaffirming a more data-driven approach. He said it was far too early to discuss rate cuts now, but also noted that the Fed should not be “fixated on a date.” In addition, he defended the possibility of rate cuts […]
It's been a choppy ride for USD/JPY this week – ForexLive
Bank of Japan Governor Ueda's comments were the driving force behind Tuesday's price action, but the rest will depend on developments in the bond market. And that didn't help much with the direction of USD/JPY this week. Treasury yields have also fallen significantly, and yesterday's action was a perfect example of that. Yields were initially […]
EUR/USD bounce yesterday not anything significant, eyes the ECB later today – ForexLive
The dollar managed to cut a significant amount of its losses in late US trading yesterday, and despite yesterday's rebound, EUR/USD remains below 1.0900. The pair has been trading little changed today as all eyes are on the ECB's future policy decisions. Here's a complete look at the current pair: EUR/USD daily chart As you […]
ForexLive Asia-Pacific FX news wrap: USD/JPY yen back under 148, renewed BOJ hike chatter – ForexLive
Goldman Sachs says President Trump's victory in 2024 will likely cause bond yields and the US dollar to rise Warning from Wells Fargo: Stocks at all-time highs based on false expectations Chinese authorities 'ask' funds to restrict short selling of stock index futures Societe Generale expects USD/JPY to fall below 140 yen in Q2 2024 […]
USD/JPY falls further on Ueda presser, drags down the dollar – ForexLive
Mr. Ueda's change in tone today is making a difference, with USD/JPY dropping about 100 pips at his press conference. The pair was initially close to the 148.00 mark, but is now trading closer to 147.00 as Mr. Ueda is expected to launch his policy in March or April next year. USD/JPY hourly chart As […]
US dollar finds some bids as yields tick higher – ForexLive
Despite the Fed's Goolsby's dovish comments, the US dollar is rising across the board. Markets continue to try to adjust Fed policy, with a 136 bps rate cut currently priced in for the rest of the year, bringing the rate cut in March to 55%. Bonds started the year very well and have been giving […]
USD/JPY hits 148.50 as the non-stop rally continues – ForexLive
USD/JPY today cleared the last major hurdle before a retest of 150.00. It has surpassed the 61.8% retracement level of the November-December downturn and is an additional 100 pips above it. It rose 130 pips to 148.50. USDJPYDaily The pair surged from 144.50 at the beginning of the week, gaining 400 pips in a lopsided […]
USD/JPY finds support from carry trade, geopolitical risks, global inflation risk – ForexLive
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Gold looks to get back on track in January trading – ForexLive
Friday's US PPI data certainly sparked some notable moves in the market, with the standout move being at the forefront of the US Treasuries curve. But at the same time, it sparked a resurgence in gold and saw major technological shifts. Gold (XAU/USD) hourly chart Ahead of the data, gold cleared the 200-hour moving average […]