Analysis
USD/JPY Soars to 2023 Highs on Fed/BOJ Divergence, DXY Strengthens
The US Dollar soared to fresh 2023 highs against the Japanese Yen on the widening divergence between the Fed and BOJ on interest rates. Overnight, the USD/JPY pair traded to 143.22, overnight and 7-month high before easing to settle at 143.12 (142.15 yesterday).
ACY Securities
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484 days ago
Fed Chair Powell’s Testimony Triggers Sell-off
USD: Fed Chair Powell’s testimony triggers sell-off. During the Asian trading session yesterday, the US dollar continued to trade at weaker levels, extending the decline from yesterday. This weakness in the US dollar has resulted in a rise in the EUR/USD pair, bringing it close to the 1.1000-level and approaching its highest point of the year in April at 1.1095.
ACY Securities
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484 days ago
Rate Hikes Tip Into Lasting Destruction
The Bank of England and Norway both raised rates by a full 50 points. Fresh Recessions across Europe, the US and Australia are now likely inescapable.
ACY Securities
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484 days ago
Accumulation in Bitcoin, Ethereum
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Accumulation in Bitcoin, Ethereum
FxPro
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485 days ago
PMIs expected to reaffirm two-speed economy
Asian markets saw a weekly decline, supporting US dollar strength. UK data signaled economic resilience with a rise in consumer confidence and retail sales. PMI reports are expected to show UK manufacturing at 48.1 and services at 55.6. Eurozone PMIs may dip to 44.3 and 54.0. Despite interest rate hikes, the GBP/USD fell to near 1.27 overnight.
Moneta Markets
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485 days ago
US & Australian Stocks Falling
In the wake of an exuberant rally witnessed last week, the stock market has taken a noticeable downturn. Clifford Bennett, Chief Economist at ACY Securities, delves into the reasons behind this downward trend and highlights the immediate concerns faced by money managers.
ACY Securities
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485 days ago
GBPJPY Forex Analysis - Trend Continuation Targeting 182.12 Daily Resistance
Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPJPY monthly, daily, and 15-minute charts.
ACY Securities
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485 days ago
EURUSD Forex Analysis - Uptrend Targeting 1.1033 Weekly Resistance
Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the EURUSD daily and 4-hour charts.
ACY Securities
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485 days ago
Another UK CPI upside surprise points to possible 50bp hike by BoE.
GBP: Growth concerns will temper pound gains. The recently released May CPI report in the UK brings more bad news, as the month-on-month (MoM) gain in CPI is 0.7%, surpassing the expected 0.4% increase.
ACY Securities
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485 days ago
IT’S A ROLL-OVER
Is this the final battle between the crumbling economic fundamentals of the USA, and all that money printing and debt spinning through the system?
ACY Securities
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485 days ago
Markets expect BoE will raise rates again today
Asian markets are mixed due to US and European rate uncertainty. US Fed's interest rate pause may be temporary, with a probable hike later this year. BoE's thirteenth consecutive rate increase is predicted due to UK's high inflation and wage growth. Swiss National Bank and Norges Bank are likely to raise rates. UK's consumer confidence and retail sales data are due soon.
Moneta Markets
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486 days ago
Crypto needs a breather
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto needs a breather
FxPro
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486 days ago
UK Inflation Sticky at 8.7% - Key Trading Levels and Analysis GBPUSD
Join Nathan Bray, Senior Account Manager at ACY Securities, in this insightful video as he discusses the latest Consumer Price Index (CPI) data released in the United Kingdom.
ACY Securities
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486 days ago
Showtime Next Big Equity Trend
Markets are stalling, but is it enough to push sentiment over the edge into the dark fundamental abyss?
ACY Securities
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486 days ago
AUDJPY Forex Analysis - Retest & Hold At 95.73 Weekly Support
Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUDJPY daily and 15-minute charts.
ACY Securities
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486 days ago
AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500
Watch the video for the key trading levels for AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, and S&P 500.
ACY Securities
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486 days ago
Robust US Housing, Building Data Lift Dollar; Aussie Tumbles
US May Housing Starts soared 21.7% while Building Permits climbed a whopping 5.2% against forecasts of 0.6%.
ACY Securities
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486 days ago
RBA Minutes all you NEED to know!
RBA minutes cast doubt over RBA’s willingness to keep raising rates. The Australian dollar experienced significant movement overnight, leading to a decline in the AUD/USD rate, nearing the 0.6800 level.
ACY Securities
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486 days ago
Dollar trapped between inverted curves and rallying equities.
There has been little follow-through from the dollar selling we saw late last week. Currently, global markets present a curious picture of steeply inverting yield curves – which occasionally forewarn recession – but bid equity markets.
ACY Securities
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486 days ago
RBA Pounds Australia Into Recession
Australia appears fully committed to flying into Recession, and as quickly as possible? Today we saw the Westpac Melbourne Institute Leading Economic Index come in flat at zero. This is after a long series of highly problematic outcomes. In fact, this is perhaps the most dire data curve for this index in decades.
ACY Securities
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486 days ago