US Dollar (DXY) Analysis USD barely budges after the FOMC announcement as traders require more convincing around another rate hike. Dollar weakness seen this morning ahead of ECB Large speculators, hedge funds positioning suggests greater USD pessimism Major risk events: US Q2 GDP and PCE inflation data The analysis in this article makes use of
Share: Early Friday morning in Asia, the Washington Post (WaPo) quotes anonymous US Officials familiar with the matter while stating the White House’s (WH) decision to bar Hong Kong’s (HK) top government officials, including Chief Executive John Lee, from attending November’s Asia-Pacific Economic Cooperation (APEC) leaders’ summit in San Francisco. The news also
USD/JPY FORECAST: USD/JPY slumps in late trading, erasing early session gains despite soaring U.S. Treasury yields Media reports that the Bank of Japan could tweak its yield curve control program boosts the yen across the board BoJ will announce its monetary policy decision for its July meeting on Friday (Japan time) Recommended by Diego Colman
Data from South Korea for June 2023 Industrial output -1% m/m Industrial output -5.6% y/y Service sector output is +0.5% m/m Retail sales also up, 1% m/m – Mixed signals from the SK economy. The country is often referred to as a bellwether for the global economy. . لینک منبع : هوشمند نیوز
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Article by IG Chief Market Analyst Chris Beauchamp S&P 500, Nasdaq 100, CAC40 Prices, Analysis, and Charts S&P 500 hits new 2023 high The index has surged to a new high for the year, and its highest level since April 2022.The Fed decision last night gave space for the dollar to weaken and equities to
Share: GBP/JPY sells-off on BoJ sentiment ahead of Friday’s meeting. GBP/JPY drops into a potentially strong area of support in the 177.70/90s as per the hourly structure. Bears also eye the Point of Control near 177.00 and then a swing support area at 176.50. GBP/JPY collapses on a strong hint from Nikkei news
ECB RATE DECISION: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates by 25bps in line with expectations while stressing that inflation is still expected to remain elevated for a longer period despite the recent declines. The Central Bank also decided to set remuneration of minimum reserves
The Dow has moved higher for 13 consecutive days. Today the price made a new highs going back to February 2022, but has rotated to the downside. The index is currently down -210 points or -0.59% at 35309.97. Bank of Japan threatening to change their policy (on top of ECB and Fed this week) may
Number of traders net-short has decreased by 38.15% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/USD BEARISH 51.68% 48.32% 3.24% Daily 61.51% Weekly -20.53% Daily -38.15% Weekly -9.80% Daily -9.19% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
