CURRENCIES: Guidance on US Dollar from US Jobs Report: The upcoming U.S. jobs report will significantly influence the U.S. dollar’s direction, with implications for EUR/USD, USD/JPY, and GBP/USD trading setups. Sensitivity to Nonfarm Payrolls Data: Financial markets and the U.S. dollar are …
CURRENCIES: Euro’s Future Dependent on ECB’s Direction: The outlook for the Euro hinges on the European Central Bank’s (ECB) upcoming guidance, with focus on EUR/USD, EUR/GBP, and EUR/JPY trading strategies. ECB Meeting Anticipation: The ECB’s meeting on Thursday is expected …
CURRENCIES: Observations of increasing inflation and wage pressures. Limited potential for USD/JPY to rise further. Guidance on trading USD/JPY available in a complimentary guide. Economic Insights: Deputy Chief Cabinet Secretary Hideki Murai of Japan notes early signs of inflation and …
CURRENCIES: US Dollar’s Uncertain Direction Ahead of Key Events The US dollar shows no clear trend as it awaits significant US events. Federal Reserve Chair Powell’s upcoming testimony to Congress is a potential volatility trigger. Technical Analysis on Major Currency …
Economic news: No notable economic releases. Earnings: Gitlab (GTLB), Stitch Fix (SFIX), ThredUp (TDUP) CURRENCIES: Gold Breakout and Market Volatility Ahead: With central bank decisions and the U.S. jobs report on the horizon, this week is poised for potential market shifts. Tuesday’s …
CURRENCIES: · Gold prices surged past the $2,040 mark on Thursday, hitting their highest since early February, though the rise was tempered by a strong U.S. dollar. · The uptick in gold’s value was partly driven by a drop in U.S. Treasury …
CURRENCIES: · The U.S. dollar saw a modest increase, with its strength limited by low U.S. Treasury yields, indicating market caution. · Traders are eagerly awaiting the core PCE deflator data, a key inflation metric preferred by the Federal Reserve, which could …
CURRENCIES: Key Highlights: The US dollar shows uncertainty with market anticipation of pivotal US data. Core PCE data release on Thursday is in the spotlight, influencing investor focus. Analysis includes a detailed technical perspective on EUR/USD and GBP/USD pairs. Trading …
CURRENCIES: The DXY index, which measures the US dollar’s performance, showed limited movement on Monday despite a slight increase in US Treasury yields. Investors are adopting a cautious approach in anticipation of Thursday’s core personal consumption expenditures (PCE) deflator release, …
CURRENCIES: Market confidence surged, led by Nvidia’s strong Q1 2024 forecast. Nvidia’s success propelled the S&P 500 to record highs; Japanese index topped after 34 years. Gold prices climbed, and the USD sought equilibrium amidst positive market sentiments. Anticipated January …
