Analysis
The Fed Is Set to Cut Rates Earlier Than You Might Expect, and Here's Why!
Amidst a continued modest correction, the US dollar has traversed lower overnight, with the dollar index testing support at the bottom of the recent narrow trading range between 104.00 and 105.00. Yesterday's dip saw the index touch 103.80. Notably, the top performers among the G10 currencies have once again been the commodity-related currencies, namely the AUD and NZD.
ACY Securities
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243 days ago
Dollar Index Flat Post FOMC Minutes; Yen Stays Weak
The Dollar Index, a popular gauge of the Greenback’s value against a basket of 6 major currencies, finished little-changed at 103.97(103.95).
ACY Securities
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243 days ago
PMI Surveys to Gauge UK Recovery Momentum
Today's spotlight is on the eagerly anticipated PMI surveys from Europe for February, aiming to provide a nuanced insight into the cyclical economic performance at the beginning of this year. The UK has witnessed a marked improvement in business confidence in recent months, offering respite from concerns sparked by Q4 GDP data indicating a technical recession at the end of the previous year.
ACY Securities
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243 days ago
NVIDIA's AI Surge and Fed Caution Shape Global Sentiment
Global markets experienced a shift as the US dollar extended its decline, bringing the dollar index closer to the 200-day moving average support at approximately 103.70. The key catalysts for market movement included the release of the Federal Reserve's January FOMC meeting minutes and Nvidia's robust earnings report.
ACY Securities
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243 days ago
Raving Sentiment in the U.S. Stock Markets
The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia's impressive earnings report
PU Prime
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243 days ago
EURUSD jumps to test critical resistance
EURUSD has its best week of the year. Downside risks remain around 1.0880. EZ flash business PMIs show a mixed picture.
XM Group
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244 days ago
Fed minutes confirm caution about lowering rates
Fed minutes reveal concerns about lowering rates too soon - Rate cut bets are pushed back but dollar remains unimpressed - Kiwi continues to gain on increasing RBNZ hike speculation - Wall Street closes mixed, Nvidia beats earnings estimates
XM Group
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244 days ago
How does interest rate affect currency rates?
How do you predict the currency exchange rate when interest rates change? Can an ordinary trader make money off it? Octa analysts explain in the article.
OctaFX
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244 days ago
Daily Global Market Update
Euro Dollar stable; Dollar Yen up 0.2%; Gold unchanged. Volkswagen shares rise 0.9%. Dollar Index dips post-Fed minutes. Japanese stocks approach record levels; US stocks see hedge fund selling. Key events: US Jobless Claims, Chicago Fed Index, ECOFIN, France Manufacturing Climate, Japan PMIs.
Moneta Markets
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244 days ago
Fed’s Tightening Policy Remain, Meeting Minutes Shows
The dollar index exhibited a narrow range of movement following the much-anticipated release of the FOMC meeting minutes yesterday.
PU Prime
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244 days ago
Weaker Yen helped Japan return to a trade surplus
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weaker Yen helped Japan return to a trade surplus
FxPro
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245 days ago
Daily Global Market Update
Bitcoin up 0.6%, caution due to overbought signals. Volkswagen down 1%, indicating a negative outlook. AUD rose 0.2%, potential volatility ahead. Gold up 0.4%, signaling optimism. Global highlights: oil near three-week highs, USD strength, MasterCard integrating cryptocurrency. Economic events include Japan's foreign investment, Eurozone's consumer confidence, and UK's public sector borrowing.
Moneta Markets
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245 days ago
Fed minutes and Nvidia earnings in the spotlight
Dollar gets knocked down ahead of FOMC meeting minutes - Gold recovers more ground, China-related assets gain after rate cut - Nvidia earnings later today will set the tone in stock markets
XM Group
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245 days ago
USD/JPY hovers above a key trendline
USD/JPY trades sideways, hovering around the 150 level; It remains close to its recent peak; Momentum indicators are mixed, all eyes on the stochastic oscillator
XM Group
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245 days ago
Altcoins’ reverse traction
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Altcoins’ reverse traction
FxPro
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245 days ago
Dollar Eases Ahead of FOMC Meeting Minutes
As the Federal Open Market Committee (FOMC) January meeting minutes loom, the Dollar Index (DXY) is losing steam, struggling to maintain its value above $104.
PU Prime
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245 days ago
USD/JPY Hanging Around Intervention Point at 105.000 - Will BoJ Hike Rates?
The USD/JPY pair has re-entered the intervention zone, crossing the 150-level for the first time since November, driven by robust US inflation data this week. Despite being the weakest G10 currency year-to-date, the yen's underperformance against non-dollar currencies reflects a renewed appetite for carry positions, as market participants perceive a reduced risk of a near-term rate hike from the B
ACY Securities
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245 days ago
Chinese Consumers Experience a Bustling Lunar New Year
During this year's Lunar New Year (LNY) holidays, China experienced an unprecedented surge in population migration, setting new records across road, rail, and air travel. The two weeks leading up to the LNY witnessed a remarkable increase in total passenger traffic, surpassing previous years' figures.
ACY Securities
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245 days ago
AUD, NZD Outperform, DXY Flat; FOMC, Fed Speak Next
The Aussie (AUD/USD) and Kiwi (NZD/USD) outperformed, buoyed by a subdued US Dollar amidst lower treasury yields. The Aussie climbed to 0.6553 (0.6530) while the Kiwi found its wings, soaring to 0.6167 from 0.6140.
ACY Securities
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245 days ago
Deciphering Australia's Economic Puzzle: The Mystery of Money and Trade
Looking at Australia, there's a puzzle unfolding over the last 18 months. While the terms of trade, which is like the value of goods they exchange with other countries, have been easing a bit, they're still better than usual.
ACY Securities
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245 days ago
