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JPY: Positive Risk Appetite Curtails Dollar Demand

JPY: Positive Risk Appetite Curtails Dollar Demand

The recent trajectory of the US dollar has been marked by notable fluctuations, with last week's impressive rebound, almost fully recouping the losses of the preceding week. However, as the new week commences, the greenback finds itself on the defensive, facing moderate selling pressures, particularly in anticipation of the pivotal US Consumer Price Index (CPI) data for October.
ACY Securities | vor 593 Tagen
What to Expect From the Fed Going Into 2024?

What to Expect From the Fed Going Into 2024?

As we approach the end of the year, The Street is buzzing with the release of annual outlooks. I will release a comprehensive analysis but still a lot of work to be done so it will be published around early January, the time is ripe to juxtapose my 2024 Federal Reserve (Fed) outlook with the prevailing consensus and the market's implied policy trajectory.
ACY Securities | vor 593 Tagen
Daily Global Market Update

Daily Global Market Update

Bitcoin dipped 2.5%, Amazon's stock rose 0.7%, Aussie dollar surged 1.9%, Gold gained 0.8%. Oil prices rise, Yen weak, OKX launches layer 2 blockchain. Upcoming: Euro Zone trade balance, UK CPI, US retail sales & PPI, Japan imports & exports.
Moneta Markets | vor 593 Tagen
Yen hits fresh low as focus turns to US CPI data

Yen hits fresh low as focus turns to US CPI data

Yen spikes, but ends Monday as the main loser - Dollar traders lock gaze on US inflation data - UK jobs report beats estimates, CPIs the pound’s next test - Wall Street ends mixed, awaits US CPI figures
XM Group | vor 594 Tagen
Daily Global Market Update

Daily Global Market Update

Gold inched up 0.2%, signaling potential downside. Euro Dollar held steady with a positive signal. Pound rose 0.3% but shows bearish potential. Bitcoin dropped 1.3%, with a negative outlook. Mixed US stock indexes await inflation data, and key events include US CPI, UK job data, and Japan's GDP.
Moneta Markets | vor 594 Tagen