Today, the focus is on the US Producer Price Index (PPI) and the ECB Governing Council announcement, which may clarify the trend for the USD.
Yesterday, following an upside surprise in the US Consumer Price Index (CPI), there was a significant surge in USD buying. USDJPY clearly rose above the 152 yen level and extended to the 153 yen level. Currently, it’s facing some selling pressure around the 153 yen level but hasn’t experienced significant downside. Meanwhile, EURUSD dropped to […]
USD/JPY: Buy – Focus Currency and Technical Analysis (15-minute chart) April 10, 2024
EUR/USD: Buy – Uncertain Trends The EUR/USD pair is showing consolidation around 1.0850 as market activity is subdued ahead of the release of US inflation statistics. Consumer Price Index is expected to increase from 3.2% to 3.4% annually, with a decrease from 0.4% to 0.3% monthly. Attention will be on the minutes of the Federal […]
oday, all eyes are on the release of the US Consumer Price Index (CPI) for March, which is expected to be a significant event.
Today, all eyes are on the release of the US Consumer Price Index (CPI) for March, which is expected to be a significant event. Market consensus forecasts suggest a year-on-year increase of +3.4% (compared to the previous +3.2%), with the core CPI expected to rise by +3.7% (compared to the previous +3.8%). The reaction of […]
With tomorrow’s release of the US Consumer Price Index (CPI) looming, a cautious stance prevails overall.
With tomorrow’s release of the US Consumer Price Index (CPI) looming, a cautious stance prevails overall. The stock market appears relatively subdued in terms of vigilance, with many markets showing a steady pace. In Japan, Bank of Japan Governor Kuroda’s maintenance of an accommodative stance seems to be well-received. The USD/JPY pair is clinging near […]
Today lacks notable catalysts, with focus on the US CPI data on the 10th.
There’s a scarcity of major economic indicators scheduled during the London and European trading hours. Notable releases include Turkey’s Industrial Production Index for February and policy rate announcements from the Central Banks of the Philippines and Israel. The New York Fed’s Survey of Consumer Expectations for March is likely to be watched as a precursor […]
From April 1st to April 5th, my trading resulted in a total gain of +$60,899. Reading the Impact of ECB’s Next Move and US CPI Data on Financial Markets
From April 1st to April 5th, my trading resulted in a total gain of +$60,899. At the beginning of the week, I planned to sell the EUR/USD on its rebound, but the currency pair fell immediately without rebounding. Unable to follow the initial drop, I switched to buying after it started to stabilize, catching […]
Attention on US Employment Statistics, Potential Shift in Dollar Weakness Trend This Week
Today, the March US employment statistics will be released. Alongside the US Consumer Price Index, it’s one of the most crucial fundamental indicators for the dollar market. The consensus market expectation for the highly anticipated non-farm payroll employment figure is a slight decrease from February’s 275,000 increase to 214,000. The unemployment rate is expected to […]
This week, the dollar is experiencing a retracement amidst anticipation for the U.S. employment report, continuing the adjustment in the strong dollar trend.
This week, the dollar is experiencing a retracement amidst anticipation for the U.S. employment report, continuing the adjustment in the strong dollar trend. The dollar index has been rising since March 8, identified as the recent bottom, through April. This rise is backed by a series of sticky inflation indicators, suggesting fewer rate cuts than […]
AUD/USD: Strong Buy – Currency of Interest and Technical Analysis (15-minute chart) April 3, 2024
GBP/USD: Strong Buy – Range Trend The British Pound/Dollar pair is trading around 1.2575, awaiting the release of macroeconomic statistics from the United States. Today, the ADP report on the change in private sector employment for March is expected to be released, with forecasts suggesting an increase from 140,000 to 148,000. Data on the U.S. […]
The early morning earthquake in Taiwan served as a surprising piece of news.
Today, the early morning earthquake in Taiwan served as a surprising piece of news. Given Taiwan’s association with major semiconductor companies like TSMC, semiconductor-related stocks were sensitively sold. However, the decline in Japanese stocks also seems to be largely influenced by fears stemming from the previous day’s downturn in U.S. stocks. In the U.S., amid […]