Yen Strength and Dollar Weakness Pause This Week, Attention Turns to Upcoming U.S. Blackout Period
This week saw a strong trend of yen appreciation and dollar depreciation, but today the trend has reversed, entering an adjustment phase heading into the weekend. The dollar-yen exchange rate has rebounded from the lower 155 yen range in the Tokyo market yesterday to the upper 157 yen range now. Adjustment Factors Trump’s Republican Presidential […]
Focus on Whether ECB Governing Council Will Hint at a September Rate Cut
Today’s key event is the ECB Governing Council meeting. Following the rate cut decided in June, the market expects the policy rate to remain unchanged this time. This meeting will scrutinize whether further rate cuts are necessary. The main point of interest is whether a rate cut in September will be clearly hinted at in […]
Monitoring Fed Officials’ Remarks, Approaching Blackout Period This Weekend
The next FOMC meeting is scheduled for July 31. Ahead of this, Fed officials will enter a “blackout period” starting this weekend, during which they will refrain from commenting on the economic outlook or monetary policy. Therefore, market participants will closely watch their remarks this week for any hints on future policy direction. Key Speeches […]
Authorities Eyeing Reversal in USD/JPY, Focus on US Producer Price Index
Yesterday’s release of the US Consumer Price Index (CPI) proved to be more eventful than expected. The year-over-year CPI rose by +3.0%, and the core CPI increased by +3.3%, indicating a sharper-than-expected slowdown in inflation. This led to a rapid decline in US bond yields and a strong wave of USD selling. Following the initial […]
Stock Rally and Yen Weakness: US CPI Awaits Amid Early Rate Cut Expectations
This week, stock markets worldwide are showing upward momentum. Yesterday, major US stock indices all rose by more than 1%, and the Nikkei 225 also hit new record highs for consecutive days. Today, the Nikkei 225 has again reached a new peak. Several factors are driving this excitement, with the expectation of an early rate […]
Powell’s Congressional Testimony Awaited, Market Lacks Catalysts
Today’s key event is Federal Reserve Chair Powell’s semi-annual monetary policy report testimony before the Senate Banking Committee, scheduled. Typically, the advance text is released a few hours before, providing some insight into the content. However, given the upcoming U.S. presidential election, questions from senators may be politically motivated or aimed at voters, adding potential […]
+$127,371 Will the Yen Continue to Depreciate? Focus on U.S. CPI and Powell’s Speech!
Trade Performance from July 1 to July 5: Total +$127,371 It was a successful week for all trades except cryptocurrencies. Since the start of July, the FX market has been highly focused on the U.S. employment report and the USD/JPY movements. While the USD/JPY experienced significant fluctuations due to speculations of rate cuts driven by […]
XAU/USD Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 5, 2024
EUR/USD Sell EUR/USD is trading around 1.0820, reaching new highs since June 12. Market activity remains subdued as the U.S. market was closed yesterday for Independence Day. The June U.S. employment report, to be released today at 14:30 (GMT+2), is expected to show a decrease in non-farm payrolls from 272,000 to 190,000, with average hourly […]
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. […]