Asian markets are little changed in the absence of Tokyo; will the dollar sell off again in overseas markets later?
The Asian markets, with Tokyo absent and Hong Kong halted due to a typhoon warning, are experiencing subdued trading. The second-quarter GDP growth rate in China has slowed to 0.8% compared to the previous quarter’s 2.2%, and the year-on-year growth rate has increased to 6.3% from the previous 4.5%, but it fell short of the […]
-8,888 USD/week. Keep an Eye on the CPI of the UK, New Zealand, and Canada! FX Weekly Forecast
Dollar Weakness Concerns Ahead of the Weekend
USDJPY reached 137.25, the lowest level since May 17, during the morning session in Tokyo, indicating a stronger yen against the US dollar. However, the dollar saw some buying interest and managed to recover to the 138 yen range. The dollar’s strength has been adjusting amid the slowing growth in US inflation and expectations that […]
US Inflation Slowdown Becomes Evident, Speculation of Additional Rate Hikes Recedes; Producer Price Index Today
Yesterday’s US Consumer Price Index (CPI) further highlighted the slowdown in inflation. As a result, the US bond yields declined, leading to increased selling pressure on the dollar, while the stock market experienced gains. Despite the recent release of US employment statistics, which showed job growth below market expectations, the resilience of wage increases and […]
Today, the focus is on the U.S. Consumer Price Index, with the dollar already weakening and the yen appreciating.
Today, the June US Consumer Price Index (CPI) will be released. Market expectations are for a significant slowdown in the year-on-year CPI, with a forecast of +3.1% compared to the previous +4.0%, and a slowdown in the core year-on-year CPI to +5.0% from the previous +5.3%. On the other hand, the month-on-month CPI is expected […]
Market moving toward a weaker dollar, with the U.S. Consumer Price Index set for tomorrow.
The market has started to move in a direction of USD weakness since the release of last week’s US employment statistics. Following the lower-than-expected increase in non-farm payrolls, speculations of a slowdown in the upcoming US consumer price index (CPI) have pushed down the USD, along with a decline in US bond yields. Yesterday, prominent […]
After last week’s completion of the US employment statistics, attention shifts to US consumer prices this week.
At the beginning of the week, the USD/JPY pair rebounded, starting trading with adjustments to the previous week’s decline. The US employment report from last week showed an increase of 209,000 in non-farm payrolls, which fell below expectations and intensified selling pressure on the US dollar. However, the content of the report is important to […]
Series of U.S. employment-related indicators to be released starting today, market in more of a correctional mood
From today onward, a series of US employment-related indicators will be released, and the market is showing a strong inclination towards adjustment. Currently, the market is experiencing a decline in stocks and a strengthening of the yen, reflecting a risk-averse sentiment. The USD/JPY pair has fallen below the 144 yen level, reaching a low of […]
The Australian and Canadian dollars weakened along with the strong yen pressure and a series of deteriorating economic indicators in various countries.
Amidst yen strength, the Australian dollar and Canadian dollar have been weak due to a series of deteriorating economic indicators in various countries. During the London session, the Australian dollar and Canadian dollar continued to exhibit soft price movements. Today, a series of European non-manufacturing PMI data, including China’s Caixin Services PMI, Sweden, Spain, Italy, […]
Difficult to move with U.S. Independence Day today and U.S. employment data coming up over the weekend
Today is the Independence Day holiday in the United States, and both the bond market and stock market will be closed. There are no major scheduled economic indicators, creating a situation with limited clues. With the release of the US employment statistics approaching this weekend, the market is likely to be sluggish. In the NY […]