Share: USD/JPY remains on the defensive for the second straight day amid a bearish USD. Bets that the Fed is done with its rate-hiking cycle continues to weigh on the buck. The BoJ’s dovish stance could undermine the JPY and help limit any further losses. The USD/JPY pair edges lower for the second
Share: USD/JPY meets with some supply on Thursday and reverses a part of the overnight strong move up. Intervention fears, along with the cautious mood, underpin the JPY and exert pressure on the major. The Fed-BoJ policy divergence should continue to act as a tailwind for the pair and help limit losses. The
S&P 500 futures are up 7 points, or 0.2%, ahead of the open. Last week was the best one since November 2022. To my way of thinking, any gains today would be a big win following 5 days of non-stop buying, particularly with yields retracing higher today. S&P 500 weekly chart لینک منبع : هوشمند
Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold price (XAU/USD) attracts fresh buying on Thursday, albeit lacking a
Share: In the third quarter, the Eurozone economy contracted by 0.1% compared to the second quarter. Economists at Rabobank expect that the Eurozone will enter a mild recession, followed by a period of sluggish growth. The start of a recession? The Eurozone economy contracted by 0.1% in the second quarter, with a wide
Share: Indian Rupee trades firmly, supported by the potential aggressive intervention by the Reserve Bank of India (RBI). A rise in US Treasury yields and higher crude oil prices might cap the upside of the Indian Rupee. Investors will focus on the RBI Forex swap maturity, US economic data. Indian Rupee (INR) posts
Share: NZD/USD fills a modest weekly bearish gap opening, though the upside potential seems limited. Geopolitical tensions benefit the safe-haven USD and act as a headwind for the risk-sensitive Kiwi. The uncertainty over the Fed’s rate-hike path caps the USD upside and lends support to the major. The NZD/USD pair attracts some buyers
Share: USD/INR sticks to modest gains below the mid-83.00s ahead of US data. US Durable Goods Orders rose by 0.2% MoM vs. -5.6% prior. Reserve Bank of India (RBI) is likely to keep the interest rate unchanged at its October meeting. Investors will closely watch the US consumer inflation due on Friday. USD/INR
US stocks slumped in the afternoon but there was some last minute buying to prevent a negative finish. Closing changes: S&P 500 +0.1% Nasdaq Comp +0.1% Russell 2000 -0.3% DJIA +0.2% Toronto TSX Comp -0.3% This week was a dud. Summer isn’t over yet. This article was written by Adam Button at www.forexlive.com. لینک منبع
Somber start to the week as China underwhelms with rate cut. The lack of decisiveness by the PBoC has seen a modest improvement in Risk Appetite, but will it last? A lack of data ahead means we could see choppy price action ahead of Jackson Hole, which starts of Thursday. لینک منبع : هوشمند نیوز
