Series of US Economic Indicators Point to Dollar Strength, Attention Shifts to Views of US Financial Officials
The dollar continues to strengthen. A series of recent US economic indicators have all been supportive of dollar strength, including US employment statistics, US consumer price index, and yesterday’s US retail sales figures. Alongside the rise in US bond yields, expectations for a rate cut by the US Federal Reserve later this year have been […]
Yen Weakening Continues, Concerns over Middle East Tensions Widespread but Not Extreme Risk Aversion
In the Tokyo market at the beginning of the week, not only the dollar-yen but also the cross-yen pairs are being bought, leading to an overall weakening of the yen. However, tensions persist in the Middle East situation, and the stock market is generally subdued. Within this context, it has been indicated that Iran’s attack […]
From April 8 to April 12, the total trading was +343,741 USD. Analysis of the rising trend in U.S. inflation and gold prices.
From April 8 to April 12, the total trading was +343,741 USD. It was a week where gold buying performed well. The notable U.S. CPI was higher than expected, and while the U.S. dollar continues to be strong, gold rose to a record high regardless. The recent situation in the Middle East was a […]
It seems like there’s a continued strength in the dollar’s upward momentum leading into the weekend. However, there’s also a cautious anticipation regarding possible intervention.
It seems like there’s a continued strength in the dollar’s upward momentum leading into the weekend. However, there’s also a cautious anticipation regarding possible intervention. In terms of economic data, upcoming releases include the US Import and Export Price Indexes for March, as well as the Preliminary University of Michigan Consumer Sentiment Index for April. […]
Today, the focus is on the US Producer Price Index (PPI) and the ECB Governing Council announcement, which may clarify the trend for the USD.
Yesterday, following an upside surprise in the US Consumer Price Index (CPI), there was a significant surge in USD buying. USDJPY clearly rose above the 152 yen level and extended to the 153 yen level. Currently, it’s facing some selling pressure around the 153 yen level but hasn’t experienced significant downside. Meanwhile, EURUSD dropped to […]
USD/JPY: Buy – Focus Currency and Technical Analysis (15-minute chart) April 10, 2024
EUR/USD: Buy – Uncertain Trends The EUR/USD pair is showing consolidation around 1.0850 as market activity is subdued ahead of the release of US inflation statistics. Consumer Price Index is expected to increase from 3.2% to 3.4% annually, with a decrease from 0.4% to 0.3% monthly. Attention will be on the minutes of the Federal […]
oday, all eyes are on the release of the US Consumer Price Index (CPI) for March, which is expected to be a significant event.
Today, all eyes are on the release of the US Consumer Price Index (CPI) for March, which is expected to be a significant event. Market consensus forecasts suggest a year-on-year increase of +3.4% (compared to the previous +3.2%), with the core CPI expected to rise by +3.7% (compared to the previous +3.8%). The reaction of […]
With tomorrow’s release of the US Consumer Price Index (CPI) looming, a cautious stance prevails overall.
With tomorrow’s release of the US Consumer Price Index (CPI) looming, a cautious stance prevails overall. The stock market appears relatively subdued in terms of vigilance, with many markets showing a steady pace. In Japan, Bank of Japan Governor Kuroda’s maintenance of an accommodative stance seems to be well-received. The USD/JPY pair is clinging near […]
Today lacks notable catalysts, with focus on the US CPI data on the 10th.
There’s a scarcity of major economic indicators scheduled during the London and European trading hours. Notable releases include Turkey’s Industrial Production Index for February and policy rate announcements from the Central Banks of the Philippines and Israel. The New York Fed’s Survey of Consumer Expectations for March is likely to be watched as a precursor […]
From April 1st to April 5th, my trading resulted in a total gain of +$60,899. Reading the Impact of ECB’s Next Move and US CPI Data on Financial Markets
From April 1st to April 5th, my trading resulted in a total gain of +$60,899. At the beginning of the week, I planned to sell the EUR/USD on its rebound, but the currency pair fell immediately without rebounding. Unable to follow the initial drop, I switched to buying after it started to stabilize, catching […]