EURUSD Plummets on Reports of Italian Bank Taxation
During the early London session, the Euro-Dollar pair extended its gains to the level of 1.1011 before reversing sharply, rapidly declining to today’s low of 1.0974. Similarly, the Euro-Yen pair also reversed from its high of 157.75 to briefly fall below the 157 yen level. The Euro’s rise against the Pound has also halted. Reports […]
Watching the Trends of Dollar Strength and Yen Weakness, Focus on US Trade Balance and Comments from US Financial Officials
The Tokyo market saw a prevailing trend of yen selling. The announcement of Japan’s real wages being negative for the 15th consecutive month in the morning has contributed to speculation of continued easing by the Bank of Japan. However, there also seem to be risks regarding the sustainability of the yen’s depreciation. It has […]
Dollar exchange rate experiences volatility, as US employment growth slows, but unemployment rate declines.
Non-farm payrolls increased by 187,000, falling short of the market’s expectation of 200,000. The previous figure was revised downward from 209,000 to 185,000. On the other hand, the unemployment rate declined to 3.5%, below both the previous rate and market expectations of 3.6%. Wage growth remained steady, with a month-on-month increase of +0.4% and a […]
USD buying has eased as the market awaits US employment data
Today, employment data for both the United States and Canada will be released. The highly anticipated US non-farm payrolls are expected to increase by around 200,000 jobs, which is similar to the previous increase of 209,000 jobs. However, employment figures are often subject to surprises, so it’s best to wait for the actual results before […]
Unexpected downgrade of US Treasury bonds, leading to a decline in stock prices, throwing cold water on economic optimism
After the surprise downgrade of US bonds, the market experienced risk aversion on the following day, with the US stock market witnessing a broad sell-off. The tech-heavy Nasdaq Composite Index dropped over 2% from the previous day, marking the largest decline in nearly 5 months. While concerns about US fiscal uncertainties are currently limited, the […]
Bank of England monetary policy announcement today, 25bp interest rate hike is likely
Today, the Bank of England’s Monetary Policy Committee (MPC) will announce its policy rate, and the market is leaning towards a 25 basis point interest rate hike, with a minority advocating for a 50 basis point hike. Compared to the US and Europe, the UK has relatively high inflation levels, with the recent consumer price […]
Focus on the impact of Fitch’s US rating downgrade, ADP employment statistics, etc.
Market attention is currently focused on the impact of Fitch’s downgrade on the US, as the announcement has caused fluctuations in the market. US bonds are being sold, resulting in higher yields. This has led to an increase in long-term bond yields in Japan, and the Nikkei Average experienced a temporary decline of over […]
The USD/JPY pair has been showing a robust upward trend, with 143 yen in sight.
Since last week’s Bank of Japan policy decision, the USD/JPY exchange rate has been on an upward trajectory. After the Nikkei reported discussions about YCC (Yield Curve Control) revisions in overseas markets on the previous Friday, the yen reacted with appreciation. However, during the actual policy meeting, the Bank of Japan announced fixed-rate bond purchases […]
After passing through last week’s events, July seems to be coming to a close with a dollar-strong trend, having absorbed the shock from the Bank of Japan’s decision.
Today marks the beginning of a new week and the end of July. Major events such as the US FOMC meeting, ECB Council meeting, and Bank of Japan policy decision have been concluded. It appears that July, overall, will end with a dollar-strong trend. Both the FOMC and the ECB announced a 25 basis points […]
US PCE deflator in June, etc.
The impact of the Bank of Japan’s monetary policy may have sustained effects as the market digests the outcomes of the FOMC, ECB, and BOJ monetary policies. The US personal consumption expenditure (PCE) deflator for June is expected to show a year-on-year increase of around 3.0%, which is a slowdown from the previous month’s 3.8% […]