NZD/USD rises slightly toward 0.5900 after Q2 inflation expectations report from the RBNZ.
NZD/USD is expected to strengthen as inflation expectations from the Reserve Bank of New Zealand (RBNZ) rose to 2.29% in the second quarter, up from 2.06% previously. The New Zealand Dollar, sensitive to risk, has gained traction due to easing global trade tensions after a preliminary agreement was reached between the US and China. Recent […]
Asia-Pacific Forex news summary: Yen rises then falls, Kiwi increases, Gold decreases significantly
High risk warning: Forex trading involves significant risk and may not be suitable for everyone. The use of leverage can heighten both risk and potential losses. Before engaging in Forex trading, it’s crucial to evaluate your investment objectives, experience level, and risk appetite. Be aware that you might lose your initial investment, so only invest […]
Japanese Yen rises to new weekly high against USD despite lower GDP
The Japanese yen continued to gain strength against the US dollar for the fourth consecutive day on Friday. The Bank of Japan’s (BOJ) interest rate hike supports the yen despite Japan’s weak Q1 GDP report. Speculation about further interest rate cuts by the Federal Reserve puts downward pressure on the US dollar, impacting USD/JPY rates. […]
Tension rises in the Subway Series as Juan Soto plays the Yankees for the first time since his departure.
Juan Soto’s Historic Mets Contract Outfielder Juan Soto wrapped up the 2024 season with the Yankees, playing a vital role in their World Series appearance. In December, he inked a groundbreaking 15-year, $765 million contract with the Mets, the Yankees’ cross-town rivals. This deal, notable for being the most lucrative in professional sports history, sets […]
Australian Dollar rises slightly after employment data is released.
The Australian dollar has gained strength, buoyed by a more favorable global trade sentiment which has heightened risk appetite. April saw an addition of 89,000 jobs in Australia, far exceeding the anticipated 20,000 according to the Employment Change Report. With improved global trade relations, expectations for a reduction in US Federal Reserve interest rates this […]
S&P 500 Today’s Gains and Losses: Supermicro Stock Rises Following DataVolt Agreement
The S&P 500 increased by 0.1% on Wednesday, May 14, 2025, driven primarily by gains in the tech sector, despite some economic worries impacting other areas. Shares of Supermicrocomputer soared after the company secured a significant agreement with Saudi data center firm DataVolt. Meanwhile, several life science companies addressed their operational struggles during healthcare conferences, […]
Trump’s approval rating rises to 44 percent in recent poll
A recent poll by Reuters/Ipsos indicates that President Trump’s approval rating has risen to 44%. This marks an increase from 42% in last month’s survey. This uptick coincides with positive developments for the president. Trump has paused the tariff conflict with China, which has resulted in both nations significantly reducing high tariffs on each other’s […]
EUR/USD rises close to 1.1200 as confidence in the market comes back.
The EUR/USD is positioned to trade positively around 1.1195 during Wednesday’s Asian session. US CPI inflation dipped slightly below the April expectations. After discussions between the US and China, traders are revising their expectations for an ECB rate decrease. During the Asian trading hours on Wednesday, the EUR/USD pair is set to hover near 1.1195. […]
GBP/USD rises on weak CPI, increasing expectations for Fed rate cuts
US CPI Falls Short of Expectations; UK Labor Market Sees Slowdown US Consumer Price Index (CPI) misses forecasts, raising questions about two expected Fed cuts in 2025 and hints of stronger core inflation. UK labor market appears to be cooling as wage growth slows to 5.6%, the lowest since November 2024, alleviating pressure on the […]
USD/JPY rises sharply as risk appetite impacts the safe-haven Yen.
USD/JPY is trading close to 148.00, up about 2%, following a tariff ceasefire between the US and China, which boosts risk appetite. The US and China have settled on a 90-day tariff reduction, with the US lowering its rate to 30% and China to 10%. The key support levels are 146.45, 146.29, and 145.69, while […]