Category: Market Forecast

All Eyes on U.S. Employment Report: How Strong is Job Growth?

Today, the June U.S. employment report will be released. As a major event heading into the weekend, it has garnered significant market attention. The focus will be on the growth in non-farm payrolls, with the market consensus forecast expecting an increase of 190,000. Job growth has consistently exceeded expectations this year, except for April. The […]

U.S. Markets Closed for Independence Day, All Eyes on Tomorrow’s Employment Report

  Today, the U.S. markets are closed for Independence Day. The recent sentiment has shifted towards expecting two rate cuts this year, following the weak ISM Non-Manufacturing PMI yesterday. However, this is still data-dependent, and attention is now focused on tomorrow’s U.S. employment report. With fewer events today, the UK general election takes center stage. […]

Continued Yen Depreciation, Steady Pace Makes Intervention Timing Difficult to Gauge

This week has seen a continued depreciation of the yen. USD/JPY has risen to around 161.90, marking new 37.5-year highs. However, the price movements have been relatively small, and the intraday volatility has not been drastic. Today, cross-yen pairs are also showing strong performance. EUR/JPY is moving towards 174 from the high 173 range. GBP/JPY […]

Yen Depreciates as France’s First Election Round Concludes

At the start of the week, the yen continues to depreciate, driven by buying of European currencies like the euro. EUR/JPY has risen to the 173 yen range, and GBP/JPY has climbed to 204 yen. The first round of France’s National Assembly elections saw the far-right party become the largest, followed by left-wing and ruling […]

Awaiting Tomorrow’s PCE Deflator Announcement: Dollar Strength Might See Some Adjustment

Market Summary In yesterday’s overseas market, the USD/JPY exchange rate surpassed the psychological level of 160 yen, reaching a high of approximately 160.87 towards the end of New York trading. Despite Japan’s Vice Finance Minister Kanda’s statement around 10 PM JST about being ready to intervene anytime, the market’s response was muted, seemingly unimpressed by […]

AUD Strong as Rate Cuts Seem Distant Alongside USD

The Australian dollar (AUD) is showing strong performance today, bolstered by higher-than-expected May consumer price index (CPI) data. Market sentiment includes expectations of a rate hike, leading to noticeable buying of AUD against major currencies. Similarly, yesterday’s unexpectedly strong Canadian CPI results strengthened the Canadian dollar (CAD). Both AUD and CAD are showing resilience comparable […]