A strategist from a major US securities firm is advising clients to unwind their long positions in the US dollar.
They suggest that the factors supporting a stronger dollar have already been largely priced in, and there is a high likelihood that further upside potential is limited. The outlook for the dollar has shifted from “bullish” to “neutral,” and investors seem to be already prepared for outperformance in US economic indicators. Furthermore, they point out […]
Quiet Start to the Week in the Markets, Focus on the Battle Around 150 Yen for USD/JPY Continues
The start of the week in the markets has been relatively quiet. The yield on the US 10-year Treasury bond has risen to around 4.988%, approaching the key level of 5%. Despite pressure on the US dollar, currency market movements have remained limited. EUR/USD is trading in the mid-1.05s, while GBP/USD is hovering around the […]
A Stalemate Week with Many Factors, but No Clear Direction
Despite many factors coming into play this week, the direction of the forex market remains unclear. It appears to be a standoff between the strengths and weaknesses of these various factors. Regarding the situation in the Middle East, President Biden visited Israel. There doesn’t seem to be a change in Israel’s stance, and on the […]
20th in October 2023, Today’s Options:
EUR/USD: 1.0475 – 415 million 1.0485 – 1.2 billion 1.0550 – 1.6 billion 1.0575 – 779 million 1.0600 – 2.1 billion 1.0625 – 2.5 billion 1.0640 – 566 million 1.0650 – 1.1 billion GBP/USD: 1.2025 – 550 million 1.2150 – 454 million 1.2200 – 413 million 1.2250 – 354 million USD/JPY: 149.00 – 435 […]
Will rising U.S. Treasury yields cause the dollar to strengthen?
“The USD/JPY has been trading in the upper 149 yen range. Yesterday, the USD/JPY reached 149.94 yen in the market, but during the morning session of the Tokyo market, it was pushed down to 149.67 yen due to profit-taking sales. However, it has since maintained a relatively firm performance. The yield on the U.S. 10-year […]
Hoping for Calm in the Middle East, Watching Crude Oil Market
The conflict between Israel and Hamas is escalating, and the situation remains tense. In the midst of this, the U.S. president is planning to visit Israel tomorrow. Hopes are high that humanitarian measures will be strengthened without adding fuel to the fire of the intensifying confrontation, and the forex market is closely watching this development. […]
Middle East Tensions Intensify, But Forex Markets Remain Calm Amid Stock Declines and Rising Oil Prices
The forex market has had a relatively quiet start to the week. Tensions in the Middle East, particularly the situation involving Israel and Hamas, continue to escalate. A large-scale Israeli invasion of the Gaza region appears imminent, raising concerns of a major humanitarian crisis. However, there have been reports of potential U.S. political intervention, offering […]
The Israel Defense Forces (IDF) have issued an evacuation notice to the over one million residents of Gaza’s northern region, urging them to evacuate to the southern part of the territory within 24 hours.
The Israel Defense Forces (IDF) have issued an evacuation notice to the over one million residents of Gaza’s northern region, urging them to evacuate to the southern part of the territory within 24 hours. This is seen as a prelude to an imminent large-scale military operation, possibly including a ground invasion, and the situation has […]
The US dollar saw a strong upward trend in the aftermath of the September US Consumer Price Index (CPI) report that exceeded market expectations.
The result showed a year-on-year increase of 3.7%, surpassing the anticipated 3.6% and reaching levels similar to August. This led to a surge in the US dollar, accompanied by rising bond yields. With the recent release of the Federal Reserve’s FOMC minutes this week, which was interpreted as cautious, and increasing speculation of a pause […]
The trend of a weakening US dollar has continued into October.
This year, the hawkish stance of the US Federal Reserve (FOMC) combined with rising bond yields had established a strong uptrend for the dollar. However, the trend has reversed as we enter the fourth quarter. The US Dollar Index has not only broken below the 10-day moving average, but it has also clearly slipped beneath […]