U.S. and Canadian Markets Closed for Labor Day, Focus Shifts to European Events
U.S. and Canadian Markets Closed for Labor Day, Focus Shifts to European Events On Monday, September 2, both the U.S. and Canadian markets will be closed for Labor Day, and no major U.S. economic data releases are scheduled. As a result, there will be little new information to drive the ongoing dollar strength from last […]
Focus on U.S. PCE Deflator Heading into the Weekend: Outlook for the Dollar as the Month Ends
Focus on U.S. PCE Deflator Heading into the Weekend: Outlook for the Dollar as the Month Ends This week, the dollar’s depreciation has shown signs of stabilizing. Following the intensified dollar selling triggered by Powell’s remarks last weekend, the dollar continued to weaken at the beginning of the week but has since shifted to a […]
Flow-Driven End-of-Month Market, Numerous U.S. Economic Data Releases Today
Flow-Driven End-of-Month Market, Numerous U.S. Economic Data Releases Today This week has seen a market driven by the typical end-of-month flows. The dollar has been fluctuating daily without a clear direction, but the overall trend remains one of dollar weakness. For the dollar to regain momentum, clear results from U.S. economic indicators are needed, though […]
No Significant Economic Data Releases Today, Focus on U.S. Semiconductor Earnings
No Significant Economic Data Releases Today, Focus on U.S. Semiconductor Earnings Today, there are few major economic data releases, so market attention is limited. The key releases scheduled include France’s Consumer Confidence Index (August), Eurozone Money Supply M3 (July), Turkey’s Trade Balance (July), and the U.S. MBA Mortgage Applications Index (August 17 – August 23). […]
End-of-Month Market Volatility: Awaiting Key Events
End-of-Month Market Volatility: Awaiting Key Events This week, with the month-end approaching, the market has been unstable and directionless. Following Powell’s remarks last weekend, there has been a continuation of dollar selling, but at the start of the week in Tokyo, USD/JPY fell to 143.45 before showing signs of stabilizing. Additionally, oil prices briefly rose […]
Will Powell’s Remarks Continue to Ripple? Thin Trading Expected with London Closed on Monday
Will Powell’s Remarks Continue to Ripple? Thin Trading Expected with London Closed on Monday Following Powell’s comments last weekend, the market has almost fully priced in expectations of a rate cut by the U.S. monetary authorities in September. However, the forecast for a significant rate cut has receded, with a 25 basis point reduction now […]
+33,654 USD. FRB Chair Powell Finally Announces Rate Cut! Time to Reconsider Dollar Selling Stance
FRB Chair Powell Finally Announces Rate Cut! Time to Reconsider Dollar Selling Stance August 19 – August 23 Trades Resulted in a Total Profit of +33,654 USD. This week, I sold crude oil, anticipating that the spread of Mpox infections to Asia (Philippines, Thailand) could lead to travel restrictions similar to those during the COVID-19 […]
Focus on Fed Chair Powell’s Speech
Focus on Fed Chair Powell’s Speech In today’s Tokyo market, the yen strengthened. Bank of Japan (BOJ) Governor Ueda’s renewed commitment to normalizing monetary policy spurred yen buying. The USD/JPY pair temporarily fell by about 1 yen from the previous New York closing price, dropping to around 145.30. Similarly, EUR/JPY also experienced more than a […]
Outlook for USD/JPY and Cross-Yen: Limited Upside, Waiting for Tomorrow’s Events
Outlook for USD/JPY and Cross-Yen: Limited Upside, Waiting for Tomorrow’s Events Yesterday, the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) announced its annual revision, showing a downward adjustment of 818,000 jobs for the period from April 2023 to March 2024. During this period, employment was expected to increase by 2.9 million, representing a […]
Market Focus on U.S. Department of Labor’s Annual Revision: Impact on USD/JPY
Market Focus on U.S. Department of Labor’s Annual Revision: Impact on USD/JPY As attention centers on the U.S. Department of Labor’s annual revision, the Bureau of Labor Statistics (BLS) will release the preliminary benchmark revision later today. There is widespread speculation that this revision could lead to a significant downward adjustment in employment numbers through […]