Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported – DailyFX
General sentiment soared over the past week, dominated by Nvidia’s impressive results and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach an all-time high again, with Japan’s benchmark index also achieving the same feat for the first time in his 34 years. Oddly enough, high market sentiment led to a rise […]
Japanese Yen softens to 148 against USD, BoJ's hawkish tilt could limit losses – FXStreet
share: The Japanese yen has been struggling to take advantage of the recovery from the previous day’s year-to-date low. Hawkish expectations from the Fed will support the USD and further support the USD/JPY pair. Betting on an imminent change in the Bank of Japan’s policy stance will help limit the yen’s downside. The […]
Japanese Yen remains on the back foot against USD, lacks follow-through ahead of US GDP – FXStreet
share: The Japanese yen fell slightly against the US dollar on Thursday, but the downside appears to be limited. The risk-on mood and the recent widening of the Japan-U.S. interest rate differential are putting pressure on the yen. The Bank of Japan's hawkish leanings could be a tailwind for the yen, as the […]
Euro wavers, the USD picks up as market mood falters – FXStreet
share: The euro rose as the US dollar recovered amid weak market sentiment. Weaker-than-expected US PPI on Friday reignited hopes of a Fed rate cut, hurting the US dollar There is little trading on Monday as the US market is closed for the holiday. The euro (EUR) has fallen after a strong start […]
ForexLive Asia-Pacific FX news wrap: USD fell as we await CPI data – ForexLive
Do you have oil?Berkshire Hathaway, led by Warren Buffett, went on a buying spree in Occidental stock. Barclays believes market expectations for Fed rate cuts are too aggressive ICYMI – US Treasury Secretary Yellen says more effort is needed to control inflation If something unexpected happens in today's U.S. Consumer Price Index (CPI) data, here's […]
Forexlive Americas FX news wrap 2 Jan: The USD and yields move higher. Stock lower. – ForexLive
The year opened with countertrend movements in yields, the US dollar, and stocks. In terms of yields, the US dollar was mostly low compared to major currencies in 2023. The exception was against JPY. NZD and AUD remain almost unchanged over the year. Currently, the US dollar has finished as the strongest of the major […]