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 […]
Atlanta Fed President Envisions One Rate Cut This Year, but Diligently Monitoring U.S. Economic Indicators
Recent remarks from U.S. financial authorities have been dominated by Atlanta Fed President Bostic’s projection of one rate cut within the year. On the other hand, the latest interest rate outlook from the members of the U.S. FOMC has continued to suggest three rate cuts within the year. This has caused market speculation to swing, […]
A Monday in Adjustment Mood, with Subsequent Overseas Markets Facing a Lack of Material
The week has begun in an adjustment mood. The strong dollar trend seen at the end of last week has paused. Following comments from Finance Minister Kanda warning against excessive yen depreciation, the dollar-yen briefly tested the 151.05 level, attempting to break below the significant threshold. The Chinese yuan is also seeing dollar-selling and yuan-buying, […]