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Analysis
Japanese Yen Eyes Potential Intervention Amid Rising USD/JPY
The USD/JPY currency pair, after almost breaching the significant 150.00 threshold, retreated slightly. As of Monday morning, the pair stands close to this pivotal mark at 149.93.
RoboForex
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616 days ago
The Trading Week Ahead
This week, we'll keep an eye on Eurozone PMIs, Bank of Canada's rate decision, and the ECB announcement, among other things. And remember, it's all about staying well-informed and making data-driven decisions in the world of trading.
ACY Securities
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616 days ago
US Dollar Complicates Gold & Oil
In this video, Clifford Bennett, Chief Economist at ACY Securities, delves into the current state of US equities, which closed on a grim note in New York on Friday. He explores the ongoing power struggle between Gold, Oil, and the USD in the context of escalating conflicts in the Middle East.
ACY Securities
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616 days ago
USD/JPY Breaches 150, Dips; US 10-Year Bond Yield Eases
The Dollar breached the 150 Yen level, hitting 150.11 before slipping back to 149.90 in early Asian trade even as the US 10-year bond yield eased to close at 4.91% from 4.98% Friday.
ACY Securities
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616 days ago
Weaker Consumer to Weigh on the Pound
The New Zealand dollar has displayed the poorest performance among G10 currencies on last Friday. The British pound, on the other hand, is not far behind, with recent data emphasizing the potential for a renewed economic downturn in the UK. Retail sales, including fuel, saw a significant decline of 0.9% month-on-month in September (excluding fuel, the decline was 1.0% month-on-month).
ACY Securities
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616 days ago
Powell Emphasizes Need for Caution
Federal Reserve Chair Jerome Powell's recent address to the Economic Club of New York (on last Friday 20/10/2023) has triggered speculation about a potential shift in the stance of the Federal Open Market Committee (FOMC), largely in response to the recent surge in U.S. Treasury (UST) bond yields.
ACY Securities
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616 days ago
Daily Global Market Update
Oil slid 0.9% against the dollar, showing a bullish signal on MACD. Aussie dollar stood still with a bearish Stochastic RSI. Euro traded sideways with an overbought Stochastic RSI. Dollar-yen held steady, hinting at overbought conditions. In global news, the UK faces rising unemployment, the US reports a $1.695 trillion budget deficit, and China unveils an economic revival plan.
Moneta Markets
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616 days ago
Middle East Conflict De-escalation Eases Gold Prices
Israel's decision to halt its ground invasion of Gaza has temporarily eased Middle East tensions. Oil prices faced resistance at $90, while gold prices encountered selling pressure near the $2000 mark.
PU Prime
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616 days ago
Weekly Market Wrap - EURUSD, GBPUSD, EURCAD and WTI
This episode shines a spotlight on EURUSD, GBPUSD, EURCAD, and WTI Oil. Discover the ins and outs of energy prices and gain insights into Federal Reserve Chair Powell's latest statements.
ACY Securities
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619 days ago
AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500
In this webinar replay, we are going to look at the critical levels to watch on the AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD index, Gold, and the S&P 500.
ACY Securities
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619 days ago
US 10-Year Yield Jumps, nears 5%; DXY Dips After Powell
The Dollar Index, which gauges the value of the Greenback against a basket of 6 major currencies eased after Federal Reserve President Jerome Powell said that the next policy step would be data dependent. The USD/DXY was steady at 106.25, off its overnight high at 106.67.
ACY Securities
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619 days ago
2 Reasons Why EURUSD Can Deep Further
Throughout this month, I've noticed that the Euro (EUR) has been undergoing a consolidation phase at relatively lower levels in comparison to the US Dollar (USD). After reaching an intraday low of 1.0448 on the 3rd of October, the EUR/USD exchange rate has subsequently rebounded towards the 1.0600-level.
ACY Securities
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619 days ago
US Yields Hit Fresh Cyclical Highs Offering More Support for USD
The US dollar has maintained its strength in overnight trading, bolstered by increasing US yields observed yesterday. The sell-off in the US Treasury market has regained momentum, propelling the 10-year yield closer to 5.00% for the first time since July 2007.
ACY Securities
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619 days ago
Daily Global Market Update
Financial Highlights: Pound-Dollar sideways, Bitcoin-Dollar uptrend, Oil's 2.3% surge, Aussie Dollar static. Global news: Franklin Templeton's Bitcoin ETF filing, European market downturn, Japan's plea to oil-producing nations. Upcoming economic releases listed.
Moneta Markets
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619 days ago
Powell’s Dovish Statement Hammers Dollar
Despite diplomatic efforts by planned visits by the U.S. president and the U.K.'s prime minister to Israel, gold and oil prices continue to surge in response to escalating Middle East tensions.
PU Prime
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619 days ago
Upcoming Major Country Central Bank Interest Rate Decision
Canada's CPI dropped from 4% in August to 3.8% in September. The Bank of Canada's upcoming rate decision is crucial, leaving room for potential hikes amid persistent inflationary pressures. Despite the ECB's rate increase to 4%, economic concerns arise. While the US Core PCE Price Index registered 0.1%, Fed officials expect sustained elevated rates.
PU Prime
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619 days ago
Daily Global Market Update
Euro fell 0.3%, but may turn bullish. Dollar-Yen stable with bullish potential. Gold rose 1.1%, backed by positive signals. Amazon stock down 1.3%. Dollar strengthened against the euro. Global markets dipped on China's Q3 report. UK's inflation at 6.7%.
Moneta Markets
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620 days ago
Market Insight: Navigating the Impact of US Initial Jobless Claims
In this video, Luca provides a detailed analysis of the previous figures and the consensus for this month, revealing his expectations for this critical economic indicator.
ACY Securities
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620 days ago
Macro World Run Down
The global GDP growth is expected to decelerate, reaching 2.9% this year (which is in line with my previous estimate of 2.8%) and 2.5% next year (down from 2.7%). This slowdown is primarily due to the delayed effects of tighter monetary policies, decreased household savings, and reduced fiscal support.
ACY Securities
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620 days ago
Surge in US Yields Fails to Take USD Higher
The recent price action in the foreign exchange market has been quite intriguing. Despite the release of a robust US retail sales report and a surge in US yields, the US dollar unexpectedly weakened. This deviation from the usual market response has raised eyebrows.
ACY Securities
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620 days ago
