Attention on US Employment Statistics, Potential Shift in Dollar Weakness Trend This Week
Today, the March US employment statistics will be released. Alongside the US Consumer Price Index, it’s one of the most crucial fundamental indicators for the dollar market. The consensus market expectation for the highly anticipated non-farm payroll employment figure is a slight decrease from February’s 275,000 increase to 214,000. The unemployment rate is expected to […]
This week, the dollar is experiencing a retracement amidst anticipation for the U.S. employment report, continuing the adjustment in the strong dollar trend.
This week, the dollar is experiencing a retracement amidst anticipation for the U.S. employment report, continuing the adjustment in the strong dollar trend. The dollar index has been rising since March 8, identified as the recent bottom, through April. This rise is backed by a series of sticky inflation indicators, suggesting fewer rate cuts than […]
AUD/USD: Strong Buy – Currency of Interest and Technical Analysis (15-minute chart) April 3, 2024
GBP/USD: Strong Buy – Range Trend The British Pound/Dollar pair is trading around 1.2575, awaiting the release of macroeconomic statistics from the United States. Today, the ADP report on the change in private sector employment for March is expected to be released, with forecasts suggesting an increase from 140,000 to 148,000. Data on the U.S. […]
The early morning earthquake in Taiwan served as a surprising piece of news.
Today, the early morning earthquake in Taiwan served as a surprising piece of news. Given Taiwan’s association with major semiconductor companies like TSMC, semiconductor-related stocks were sensitively sold. However, the decline in Japanese stocks also seems to be largely influenced by fears stemming from the previous day’s downturn in U.S. stocks. In the U.S., amid […]
NZD/USD: Strong Buy – Currency of Interest and Technical Analysis (15-minute chart) April 2, 2024
EUR/USD: Strong Buy – Range Trend The Euro/Dollar pair is developing strong “bearish” momentum formed the previous day and is testing a breakdown at 1.0730. Traders are cautious about opening new positions ahead of the release of Germany’s inflation statistics. Additionally, data on the manufacturing sector’s business activity in the Eurozone is also scheduled to […]
European markets are set to resume trading today after the Easter holiday, with the spotlight on Germany’s Consumer Price Index (CPI) preliminary report.
European markets are set to resume trading today after the Easter holiday, with the spotlight on Germany’s Consumer Price Index (CPI) preliminary report. There’s a consensus that the next move by the ECB could be a rate cut, with even hawkish members suggesting a consideration for a rate cut in June if the data supports […]
Today, being Easter Monday, many countries are observing a holiday, resulting in fewer market participants and an expected wait-and-see mood. The USD/JPY is anticipated to hover around the 151 yen level.
Today, being Easter Monday, many countries are observing a holiday, resulting in fewer market participants and an expected wait-and-see mood. The USD/JPY is anticipated to hover around the 151 yen level. The movement centered around the 151 yen level for USD/JPY is expected to continue. There might be some activity from the U.S. participants after […]
U.S. core PCE deflator
On this day, amidst the London and New York markets being effectively closed for Good Friday, the U.S. Personal Consumption Expenditures (PCE) deflator for February will be announced at 9:30 PM Japan time. The general expectation is for a year-on-year increase of 2.5%, which would mark an acceleration from the previous month’s 2.4% rise. The […]
With the upcoming Easter holiday, it’s a tough time for movement; the impact of hawkish remarks from U.S. officials may be seen next week
This week’s dollar market is in a tussle at the high levels it reached up until last week. Following a stubborn decline in the latest U.S. inflation indicators, there have been consecutive statements from officials like Atlanta Fed President Bostick and FRB Governor Waller suggesting a decrease in the number of rate cuts expected this […]
Dollar buying dominated March, but the momentum has dulled; focus on whether USD/JPY will test 152 yen again
March has seen a dominance in buying the dollar. Initially, there was a strong move towards dollar weakening, but since mid-March, the flow of dollar buying has strengthened, pushing the dollar index to its highest level in over a month. Today, USD/JPY was bought up to around 151.97 at one point, surpassing last year’s and […]