Strong yen and weak dollar kick off week ahead of FOMC and BOJ meetings
Current Market Situation: At the start of the week, USD/JPY dipped to the 139 range, marking the lowest level for the yen since July last year. Although it has since recovered to the 140 range, there remains strong selling pressure on the dollar amid uncertainties surrounding the upcoming FOMC and BOJ meetings. FOMC Expectations: Last […]
This Week’s Indicators and Focus on Next Week’s Fed Meeting: 25bp or 50bp?
This Week’s Indicators and Focus on Next Week’s Fed Meeting: 25bp or 50bp? This week, the USD has shown volatility, while the JPY has been trending stronger. Key highlights include the recent US employment report and this week’s US CPI and PPI. Despite persistent inflation pressures in core indices, headline numbers have declined as expected, […]
Today, Focus Shifts to ECB Meeting and U.S. Economic Indicators Amidst Stabilizing Risk Sentiment
Today, Focus Shifts to ECB Meeting and U.S. Economic Indicators Amidst Stabilizing Risk Sentiment In the Tokyo market, the Nikkei index has finally emerged from a seven-day losing streak, showing a more stable movement. The U.S. CPI results revealed that the headline year-on-year rate fell from 2.9% to 2.5%, while the core year-on-year rate remained […]
U.S. Presidential Debate Passed, Now Focus Shifts to U.S. CPI
U.S. Presidential Debate Passed, Now Focus Shifts to U.S. CPI In the Tokyo market, the yen is strengthening. Bank of Japan Policy Board member Nakagawa, seen as dovish, mentioned adjusting monetary easing, aligning with Governor Ueda’s stance on normalizing monetary policy. Additionally, reports suggest Harris held the upper hand in the highly anticipated Trump vs. […]
U.S. Employment Report Release: Market on High Alert Amid Weak Related Indicators
U.S. Employment Report Release: Market on High Alert Amid Weak Related Indicators Today’s focus is on the U.S. August employment report, which is the most anticipated release. It’s fresh in memory that the negative surprise in July triggered risk-off movements in the market. As a result, the market is on high alert for today’s release, […]
U.S. Economic Indicators Weaken This Week: Focus on ADP Employment Data and ISM Non-Manufacturing Index
U.S. Economic Indicators Weaken This Week: Focus on ADP Employment Data and ISM Non-Manufacturing Index The main event this week is the U.S. employment report on Friday. Leading up to this, a series of U.S. economic indicators have been showing weakness, putting selling pressure on the dollar. The U.S. ISM Manufacturing PMI, released on Tuesday, […]
U.S.-Led Stock Market Decline, Focus on Employment-Related Data This Week
U.S.-Led Stock Market Decline, Focus on Employment-Related Data This Week The U.S. stock market had a turbulent reopening after the long weekend, with Nvidia plunging by 9.5%. While the company’s stock is not part of the Dow Jones Industrial Average, the Dow still fell sharply, dropping 626 points (-1.51%), and the VIX (fear index) surged. […]
NY Market Reopens After Holiday, Focus on ISM Manufacturing Index
NY Market Reopens After Holiday, Focus on ISM Manufacturing Index Today marks the reopening of the NY market after a long weekend, and it’s a day when significant U.S. economic indicators will be released. As a prelude to the U.S. employment report later this week, the various indicators being announced from today will be the […]
U.S. and Canadian Markets Closed for Labor Day, Focus Shifts to European Events
U.S. and Canadian Markets Closed for Labor Day, Focus Shifts to European Events On Monday, September 2, both the U.S. and Canadian markets will be closed for Labor Day, and no major U.S. economic data releases are scheduled. As a result, there will be little new information to drive the ongoing dollar strength from last […]
Focus on U.S. PCE Deflator Heading into the Weekend: Outlook for the Dollar as the Month Ends
Focus on U.S. PCE Deflator Heading into the Weekend: Outlook for the Dollar as the Month Ends This week, the dollar’s depreciation has shown signs of stabilizing. Following the intensified dollar selling triggered by Powell’s remarks last weekend, the dollar continued to weaken at the beginning of the week but has since shifted to a […]