Analysis

Dollar Plummet on Soft CPI

The anticipated U.S. CPI report met expectations came at below market consensus, rattles financial markets, the dollar plummeted to its lowest level in a month.

PU Prime | 137 days ago

Forex Market Report - 12th July 2024

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.

DNA Markets | 137 days ago

Pound on the offensive

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Pound on the offensive

FxPro | 137 days ago

EBC Daily Snapshot Jul 11, 2024

On Thursday, the dollar dropped as Fed Chair Jerome Powell suggested a nearing interest rate cut, contingent on further inflation declines.

EBC Financial Group | 137 days ago

Wounded dollar awaits inflation numbers

Powell’s testimony dents the dollar - US CPI data could deepen the wounds - Pound gains as BoE’s Pill dampens August cut bets - Wall Street at new highs, gold gains as well

XM Group | 137 days ago

Japanese Yen Faces Continued Decline Amid Interest Rate Differentials

The USD/JPY pair has risen to 161.65, with the market cautious ahead of today's US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and the Federal Reserve.

RoboForex | 138 days ago

Crypto lacks bulls

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto lacks bulls

FxPro | 138 days ago

NZD Drops as RBNZ Eases Policy Guidance & Insights from Powell’s Testimony

The New Zealand dollar had a notable drop yesterday afternoon, falling about 0.6% against both the US dollar and the Australian dollar. This movement brought the NZD/USD pair close to the 0.6000 support level and pushed the AUD/NZD pair up towards 1.1100. This shift was largely due to the Reserve Bank of New Zealand's (RBNZ) latest policy update, which showed a more relaxed policy approach.

ACY Securities | 138 days ago

EBC Markets Briefing | More short-selling curbs send Chinese stocks higher

The FTSE China A50 and Hang Seng Index rebounded sharply Thursday but still lag other major stock markets that hit record highs this year.

EBC Financial Group | 138 days ago

Daily Global Market Update

The EUR/USD, USD/JPY, and gold-dollar pairs all saw minor increases, but technical indicators suggest potential for a pullback. Apple stock rose 1.5%. The pound is near a one-month high, and US stock markets reached record highs. Today's key economic releases include Japan's GDP, US oil inventory data, and Eurozone industrial production data.

Moneta Markets | 138 days ago

Dollar Soften After Jerome Dovish Testimony

Jerome Powell's two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market's risk-on sentiment and tempered the dollar's strength

PU Prime | 138 days ago

Dollar Ends Flat, Powell Reiterates Caution on Rates

The Dollar Index, a popular gauge of the Greenback’s value against a basket of six major currencies, finished flat, at 105.00 as markets assessed Jerome Powell’s comments.

ACY Securities | 138 days ago

EUR Stability Amidst Uncertainty Following French Elections

The recent French parliamentary elections have introduced a period of uncertainty, yet the risk of extreme market volatility seems to have diminished. Markets have responded mildly to the election outcomes, maintaining relative stability as the process of forming a new government begins.

ACY Securities | 138 days ago

CPI Report to Bolster Fed’s Disinflation Confidence

The upcoming June Consumer Price Index (CPI) report is anticipated to reinforce the Federal Reserve’s confidence in its disinflation strategy, following a promising May report. I’m forecasting a modest increase in the headline CPI by 0.1% month-over-month (m/m), translating to a year-over-year (y/y) rate decline to 3.2%.

ACY Securities | 138 days ago