-24,880 USD: Accelerating Rate Cuts by the ECB and the Outlook for the Euro: Key Forex Strategy
-24,880 USD: Accelerating Rate Cuts by the ECB and the Outlook for the Euro: Key Forex Strategy The trades from October 7 to October 11 ended with a loss of -24,880 USD. Amid uncertainty regarding the direction of the US dollar, I focused on trading the EUR/USD and USD/JPY pairs, but the lack of price […]
EUR/USD Forecast: Euro Turns Bearish After ECB Event
Current Trends EUR/USD ended Thursday in a negative state, falling below 1.0900. Early on Friday, dovish comments from ECB officials are putting pressure on the euro, and the deteriorating market mood is making it difficult for the pair to recover. Late Thursday, EUR/USD faced selling pressure, ending a six-day winning streak and closing in negative […]
Focus on Whether ECB Governing Council Will Hint at a September Rate Cut
Today’s key event is the ECB Governing Council meeting. Following the rate cut decided in June, the market expects the policy rate to remain unchanged this time. This meeting will scrutinize whether further rate cuts are necessary. The main point of interest is whether a rate cut in September will be clearly hinted at in […]
ECB Meeting: Rate Cut Expected, Focus on Future Outlook
Today’s highlight is the ECB meeting outcome. The possibility of a 25 basis points rate cut has been frequently mentioned by ECB members, making it almost a certainty. The focus will be on the future outlook. First, we need to examine any changes in the staff’s economic outlook. In the previous March forecast, inflation was […]
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 […]
Today’s focus is on the ECB policy interest rates and President Lagarde’s press conference.
The atmosphere seems to be getting more active in the market. The catalyst is a series of positive statements from senior Bank of Japan officials. Following Governor Kuroda, Deputy Governor Nakatani today indicated that “the certainty of achieving the Bank of Japan’s price target continues to gradually increase.” Regarding wage trends, he mentioned that “if […]
Today, the focus is on the ECB Governing Council meeting and the US GDP preliminary report.
Recently, the dollar market has been nervously fluctuating without a clear direction. It remains to be seen whether these two events will trigger a trend in the market. Regarding the ECB Governing Council, the consensus in the market is for the main policy interest rates to remain unchanged. The ECB has maintained an “data-dependent” approach […]
Starting the Week with Limited Catalysts, Continuing the Post-Event Sentiment from Last Week
At the beginning of the week, there are no prominent catalysts in sight. It seems that the market is likely to continue the sentiment from last week following various events. The most recent event was the US employment data released at the end of last week. Job growth slowed down, the unemployment rate unexpectedly rose, […]
USD/JPY Hits Year-to-Date Highs, Focus on Today’s U.S. GDP Preliminary Data
USD/JPY appears to be breaking out to the upside from the battle around 150 yen. Following the strong U.S. new home sales data released yesterday, U.S. bond yields are rising once again. This has propelled the USD/JPY into the 150 yen range, testing higher levels. Today, it has been bought up to the latter half […]
Checking the Euro Exchange Rate Trends Ahead of Tomorrow’s ECB Meeting
This week, the impression is that the dollar exchange rate is being tossed around due to the sharp fluctuations in US bond yields. One factor behind the rise in yields is the expectation that the US monetary authorities will maintain high interest rates for an extended period. Additionally, there are concerns about inflation reigniting amid […]