Tag Archives: Forex

Key points The dollar displayed initial uncertainty at the outset of the week. However, recent sessions have seen a revival in its strength, spurred by key technical observations. After approaching crucial technical levels last Friday, the dollar avoided a breakdown, aiding its recovery early this week amid a fluctuating market sentiment. Picture: EUR/USD price movementContinue Reading

Key Points: 8th May 2024 – On Wednesday, the U.S. dollar made modest gains, rebounding after previous losses which were influenced by market expectations of Federal Reserve rate cuts later this year. The greenback’s movements reflect ongoing adjustments in investor outlook following weaker-than-expected U.S. jobs data and signals from the U.S. central bank suggesting aContinue Reading

This week, the financial markets have displayed resilience, particularly evident in U.S. stocks buoyed by an impressive earnings season—the most robust in nearly two years. The S&P 500 reported a notable 5% year-over-year growth in earnings per share for Q1 2024, marking the largest increase since Q2 2022. Corporate net profit margins have ascended toContinue Reading

With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the sentiment is similarly bearish with 69.73% of traders betting on a drop and a short-to-longContinue Reading

7th May 2024 Key points: RBA’s rate decision On Tuesday, the Australian dollar experienced a decline, losing a quarter of a cent to $0.6603, after the Reserve Bank of Australia decided to keep the cash rate steady at 4.35%. This rate has been unchanged since a hike in November of the previous year. While thisContinue Reading

Key points Asia-Pacific stock indices surge despite market closures Despite the closure of markets in Japan and mainland China, the regional stock indices responded positively, with MSCI’s broadest index of Asia-Pacific shares outside Japan climbing 1.5%, poised for a consecutive weekly rise. Hong Kong’s Hang Seng Index notably advanced by 2%, tracking towards a weeklyContinue Reading

ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving the Fed’s 2% inflation target. Volatile Yen The Japanese Yen also witnessed a temporary surge,Continue Reading

Jerome Powell, Chair of the U.S. Federal Reserve, has reassured the financial markets by emphasising a likely downward adjustment in future interest rates. This guidance follows a series of inflation reports that had stoked expectations of tighter monetary policy. Picture: AUDUSD prices on the rise as recorded on VT Markets trading app. In the currencyContinue Reading

2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a drastic recovery for USDJPY pair on the VT Markets trading app. The dollar regained strength,Continue Reading

29th April 2024 – Following recent inflation data in the United States, which indicated that immediate interest rate cuts are unlikely, currencies in Asian emerging markets experienced subdued activity. The Indonesian rupiah depreciated by 0.3% against the U.S. dollar, while the South Korean won saw a slight retreat of 0.1%. Asian Upswing Contrasting the currencyContinue Reading