Analysis

JPY has sharply strengthened

JPY has sharply strengthened

On Thursday, the yen strengthened against the US dollar in response to improving Federal Reserve interest rate prospects. The USDJPY pair has declined to 153.88.
RoboForex | 16h 17min ago
Dollar plummets as US data supports Fed rate cuts

Dollar plummets as US data supports Fed rate cuts

US inflation resumes downtrend, retail sales stagnate - Dollar falls as investors add to Fed rate cut bets - Yen gains even as Japanese economy contracts - Wall Street at fresh records, gold rallies on US data
XM Group | 18h 13min ago
Dollar plummets as US data supports Fed rate cuts

Dollar plummets as US data supports Fed rate cuts

US inflation resumes downtrend, retail sales stagnate - Dollar falls as investors add to Fed rate cut bets - Yen gains even as Japanese economy contracts - Wall Street at fresh records, gold rallies on US data
XM Group | 18h 17min ago
Daily Global Market Update

Daily Global Market Update

The euro rose 0.6% against the dollar, while the dollar-yen pair fell by 1% and the gold-dollar pair surged 1.2%. Nike's shares declined by 0.7%. Lower US inflation sparked hopes for an early Fed rate cut, boosting the S&P 500 and NASDAQ. Key economic events today include industrial production and unemployment data from the US, Australia, Japan, Italy, and the Netherlands.
Moneta Markets | 19h 28min ago
Soft CPI Hammers Dollar to Monthly Low

Soft CPI Hammers Dollar to Monthly Low

Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.
PU Prime | 21h 20min ago
The Trade Idea Generation behind the Long EURUSD on USA CPI

The Trade Idea Generation behind the Long EURUSD on USA CPI

The market is chaotic right now! We’ve seen PPI and CPI behaving completely erratically. On one side, PPI came in much higher, and the USD Index dropped as if there were no tomorrow. Then, yesterday, the CPI came in lower, and the market continued to drop. Something is wrong, isn’t it?
ACY Securities | 1 day ago
Euro climbs to five-week high ahead of US CPI data

Euro climbs to five-week high ahead of US CPI data

The EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today's crucial US Consumer Price Index (CPI) data release. The report is expected to show a 0.3% month-on-month increase in inflation for April, a slight decrease from the 0.4% rise in March.
RoboForex | 1 day ago
Dollar, Bond Yields Slide on US PPI Revision

Dollar, Bond Yields Slide on US PPI Revision

The benchmark US 10-Year Treasury yield tumbled to 4.44% from 4.50% yesterday following a downward revision in US March Producer Prices. While April’s US PPI rose 0.5%, March’s PPI was revised down to -0.1% from 0.2% previously.
ACY Securities | 1 day ago
Forex Market Report - 15/05/2024

Forex Market Report - 15/05/2024

This 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 | 1 day ago
Daily Global Market Update

Daily Global Market Update

Bitcoin fell 2%. Amazon shares rose 1.7%. The Australian dollar gained 0.2%. Gold increased 0.8%. Oil prices fell due to rate concerns. The US dollar eased amid rising producer prices. The Solana mCoin parody GME hit $100 million market cap. Key economic events today include US CPI, US Retail Sales, Eurozone Employment Change, Industrial Production, and Japan's GDP.
Moneta Markets | 1 day ago
JPY declines again

JPY declines again

The Japanese yen is experiencing a significant decline against the US dollar, marking the seventh consecutive session of this trend.
RoboForex | 2 days ago