Directional clarity remains elusive in the forex market post-US CPI release, with fluctuations leading to indecision.
Directional clarity remains elusive in the forex market post-US CPI release, with fluctuations leading to indecision. While there was initially a dollar buying reaction, subsequent intense swings saw a return to dollar weakness. Short-term financial markets have already priced in a potential US rate cut starting in June, and this sentiment has remained unchanged even […]
Yen Eases Off, Focus Shifts to Dollar Market as US Consumer Price Index Released Today
In the Tokyo market, the yen’s strength has eased off. While market speculation regarding the Bank of Japan’s March negative interest rate removal has increased, there have been no direct references from BOJ Governor Ueda today. Rather, remarks expressing concerns about weak consumption have led to movements in favor of yen depreciation. Attention in the […]
Outlook for the Overseas Markets: Lack of Catalysts, Will the Decline in USD/JPY Stabilize?
The overseas markets at the beginning of the week lack notable catalysts. There are no major economic indicators scheduled for release in major countries, with only some announcements such as Turkey’s employment statistics for January and Norway’s Consumer Price Index (CPI) for February expected in the early London session. Tomorrow, the focus will be on […]
The next target for Bitcoin: $92,500? Economic indicators behind the surge: Bank of Japan’s next move and US inflation data
EUR/USD (Euro/US Dollar) – Strong Sell – Technical Analysis (15-minute chart) March 8, 2024
EUR/USD pair is showing subtle movements near 1.0950. Market participants are awaiting the release of the US February labor market report, which could significantly influence the currency pair’s direction. A slowdown in non-farm payrolls, unchanged unemployment rate, and a slowdown in the growth rate of average hourly earnings are anticipated. Additionally, macroeconomic statistics from […]
Attention on US Employment Statistics, Confirming the Trend of Dollar Weakness
This week, amidst reports concerning the Bank of Japan, the yen’s strength has been notable. However, overshadowed by this, the dollar market has also seen a predominance of dollar selling. Whether the US employment statistics released today will solidify the trend of dollar weakness for the coming week or return the market to a state […]
USD/JPY (US Dollar/Japanese Yen) – Sell – Currency Focus and Technical Analysis (15-Minute Chart) March 7, 2024
EUR/USD (Euro/US Dollar) – Strong Sell The EUR/USD pair shows slight growth and is trading near 1.0900 and the high of January 24th. Remarks by Jerome Powell, Chairman of the Federal Reserve (FRB), supported the euro. Powell mentioned that the uncertainty over further weakening of price pressures is a key obstacle to the central […]
Today’s focus is on the ECB policy interest rates and President Lagarde’s press conference.
The atmosphere seems to be getting more active in the market. The catalyst is a series of positive statements from senior Bank of Japan officials. Following Governor Kuroda, Deputy Governor Nakatani today indicated that “the certainty of achieving the Bank of Japan’s price target continues to gradually increase.” Regarding wage trends, he mentioned that “if […]
AUD/USD (Australian Dollar/US Dollar) Strong Buy – Currency Focus and Technical Analysis (15-Minute Chart) March 6, 2024
EUR/USD (Euro/US Dollar) Buy The EUR/USD pair is showing mixed trading around 1.0850, with market participants refraining from rushing into new positions while awaiting the release of macroeconomic data. Today, all eyes are on the testimony of Jerome Powell, Chairman of the Federal Reserve, in Congress, where an announcement of plans to cut borrowing […]
Seeking clues about the timing of US rate cuts through events like the US ADP Employment Report and Powell’s Testimony
Today features several notable events related to the United States. In terms of economic statistics, employment-related indicators like the ADP Employment Report for February and the JOLTS Job Openings for January are likely to draw attention. Other data releases include the MBA Mortgage Applications Index (02/24 – 03/01) and Wholesale Inventories (Final) for January. Market […]