Analysis
USD, EUR, and GBP Under Pressure Amid Diverging Economic Trends
The USD’s performance this week is expected to remain cautious, shaped by multiple risk factors and economic indicators. One of the primary influences is the unfolding situation in Asia, where China has enacted a series of support measures to bolster its slowing economy.
ACY Securities
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52 days ago
Dollar gets a boost from Fed’s Powell but will the move last?
Fed’s Powell talks down expectations for another 50bps rate cut. Dollar benefits, US stocks shake off the initial negative reaction. Eurozone CPI could open the door to a stronger October rate cut. Yen suffering continues, late-October general election is called
XM Group
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53 days ago
Jerome Powell Hawkish Statement Spurs Dollar
The U.S. dollar gained momentum following a hawkish statement from Fed Chair Jerome Powell, signalling that the Federal Reserve is not in a rush to accelerate rate cuts and is likely to maintain a quarter-point rate reduction in the near term.
PU Prime
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53 days ago
Daily Global Market Update
Gold, euro, and pound experienced mixed movements in the last session. Bitcoin saw a significant decline. The MACD, Ultimate Oscillator, RSI, and Williams Percent Range indicators suggest varying trends for these assets. Global financial markets were flat to lower as investors awaited economic data and Fed comments. FTX token surged amid bankruptcy distribution news.
Moneta Markets
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53 days ago
USDJPY, EURUSD, AUDUSD
First NFP report after Fed’s rate cut; USDJPY dives sharply; Eurozone flash CPI in the spotlight with EURUSD standing below 1.1200; BoJ Summary of Opinions on Tuesday; GBPJPY slightly recoup losses
XM Group
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54 days ago
The crypto market takes defence
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market takes defence
FxPro
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54 days ago
Australian Dollar Reaches 19-Month High Boosted by Chinese Economic Stimulus and Weaker US Dollar
The AUD/USD pair climbed to 0.6922 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is significant given China’s status as Australia’s largest trading partner.
RoboForex
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54 days ago
PCE inflation corroborates dovish Fed bets
Softer PCE data keep chances of another 50bps Fed cut elevated - Fed Chair Powell speaks, ISM PMIs and NFP on this week’s agenda - Yen rally pauses after Ishiba says policy should stay accommodative - Aussie, kiwi and Chinese stocks celebrate PBoC’s measures
XM Group
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54 days ago
China Unveils Major Monetary Stimulus as U.S. Faces Rising Economic Uncertainty
China has taken decisive steps to bolster its economy with a series of monetary stimulus measures, demonstrating the government's commitment to reviving growth and stabilizing key sectors.
ACY Securities
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54 days ago
US Dollar Slips Amid Resilient Economic Data Japanese Yen Pressured by Political Developments
The US dollar index experienced a modest dip of 0.3% on Thursday, even as the US 2-year Treasury yield saw a slight uptick.
ACY Securities
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54 days ago
Analysing the Implications of the Leadership Election for the JPY
Last Friday (27/09/2024) we had the Liberal Democratic Party (LDP) leadership election in Japan and it had a significant impact on the Japanese yen (JPY) and broader market sentiment.
ACY Securities
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54 days ago
Dovish US Data But Improving Economic Picture
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dovish US Data But Improving Economic Picture
FxPro
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54 days ago
Yen Strengthens After Ishiba Wins Leadership Vote
The financial markets were shaken by the unexpected victory in the Japan’s ruling party's leadership race led to a significant strengthening of the Japanese Yen
PU Prime
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54 days ago
Daily Global Market Update
Oil prices surged 1.9%, while the Australian dollar retreated slightly. The euro and Japanese yen remained stable. The Federal Reserve is expected to cut interest rates again in November, and Volkswagen lowered its annual outlook. Investors await key economic data next week, including US labor market figures. Wall Street's S&P 500 Index is up 20% year-to-date.
Moneta Markets
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54 days ago
The wild part of the gold rally
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The wild part of the gold rally
FxPro
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56 days ago
EBC Daily Snapshot Sep 27, 2024
The dollar wobbled on Friday, heading for a third month of declines as investors assessed Fed policy, while China's stimulus boosted risk currencies.
EBC Financial Group
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57 days ago
EBC Markets Briefing | A50 is set for best weekly gains since 2008
The China A50 is set for its best week since 2008, pushing Asian shares to 2.5-year highs, while falling oil prices support global disinflation.
EBC Financial Group
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57 days ago
Markets maintain upbeat mood ahead of PCE inflation
China stimulus and rate cut bets propel stocks higher. Dollar caught in choppy trading as crucial inflation data awaited. Yen surges as new LDP leader in favour of rate hikes set to become PM. Gold scales fresh record highs before easing
XM Group
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57 days ago
EUR/USD Sees Recovery as Market Sentiment Shifts Against the USD
EUR/USD concluded a stable week, trading around the 1.1170 mark, despite earlier momentum favoring the US dollar. Earlier in the week, the dollar surged—its fastest pace since early June—as markets anticipated insights from key Federal Reserve policymakers.
RoboForex
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57 days ago
The crypto market and Bitcoin break the months-long downtrend
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market and Bitcoin break the months-long downtrend
FxPro
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57 days ago
