An action-packed day in financial markets saw a strong reaction to the May CPI report and a slow digestion of rhetoric from the June FOMC meeting. Learn what the Fed had to say and why markets may not believe them.
Anticipation grows for the May jobs report with 185k jobs expected amid slowing employment trends. Insights from this report could significantly shape Fed rate decisions and influence US dollar prices.
As the EUR/USD pair approaches 1.0900, traders are closely monitoring the release of German inflation data tomorrow and US inflation data Friday, both of which could further influence the euro’s strength against the dollar.
As approval odds for an ETH ETF rise, Ethereum prices spike, hinting at potential impacts on the USD. With the regulatory climate shifting, investors are closely watching the dollar’s response.
Gold reached a new high over $2,400 amidst globally shifting markets, showing a less typical correlation with the US dollar and raising questions about future trends in both assets.
Copper prices soared to over $5.00 per pound, setting new records due to high demand in tech and green industries. Find out how the US dollar is affected.
Core inflation dips to 3.6%, boosting speculation of impending rate cuts. This economic shift contributed to the US dollar’s decline against major currencies, signaling potential shifts in forex trading strategies.
April’s CPI data could signal shifts in the Fed’s monetary policy, with both headline and core inflation expected to lower. Find out what this means for interest rate predictions and the future of US dollar prices.
The BoE’s announcement on potential interest rate cuts sent GBP/USD lower before a mid-morning recovery. Dive into shifting monetary policies, market speculation, and upcoming economic data.
Following the FOMC’s hint at future rate cuts and a sharp drop in USD/JPY, likely due to BoJ’s market intervention, the yen held on to gains. With USD/JPY near 153.00, speculations rise on BoJ’s next moves.
With Nonfarm Payrolls hitting a 6-month low and unemployment rising unexpectedly to 3.9%, the US dollar weakened and Treasury yields fell. Market anticipations shift towards a possible Fed rate cut as early as September.
As Powell signals inflation concerns prevent immediate rate cuts, the Fed’s steady stance suggests rates have reached their zenith, nudging the US dollar down against the euro and pound.
Amid sticky inflation, futures hint at a steady Fed rate through May, with cuts possibly delayed until September. Speculation grows on Powell’s 2024 plans and whether the inverted yield curve will correct, influencing USD pairs.
Australian dollar suffers amid weak Australian retail sales and a slowing Chinese manufacturing sector, compounded by a resilient USD surge ahead of key FOMC and job data releases.
As the US dollar reaches a 6-month peak, fueled by strong employment data, Bitcoin takes a hit, falling to $60k. Upcoming Fed decisions and labor market data could further define the trajectory for both USD and Bitcoin.
USD/JPY surged to an unprecedented 160.00 in a volatile session, then swiftly retracted, hinting at likely BoJ intervention. As the JPY swings, market watchers speculate on future moves and the chance of additional BoJ actions.
As the Bank of Japan maintains rates near zero, the yen plunges to new lows, hitting 157.00 against the dollar. Market eyes BoJ for potential intervention amid rapid yen decline, with USD/JPY nearing all-time highs.
As USD/JPY rockets to 155.00, all eyes are on potential BoJ intervention amidst Japan’s weakening yen. Upcoming US data may further influence this dynamic, causing anticipation of Japan’s next move.
As Q1 2024 GDP in the US dips to 1.6%, missing forecasts, the dollar declines against key currencies. With inflation fears looming, investors eye upcoming PCE data for signals on the Fed’s direction amid stagflationary pressure.
Following unexpectedly low US PMI figures, the dollar weakens and Treasury yields dip, reflecting concerns over economic growth. GBP and EUR gain as speculation on a July rate cut from the Fed intensifies.