Share: USD/JPY faces rejection near the 150.00 mark and turns lower for the third straight day. Dovish Fed expectations continue to weigh on the USD and act as a headwind for the pair. A positive risk tone could undermine the safe-haven JPY and help limit any further losses. The USD/JPY pair meets with
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
Nasdaq daily It has gotten ugly in equity markets on Friday the 13th. The Nasdaq Comp is leading the way lower, down 1.5% while the S&P 500 is down by 0.85%. The drop today wipes out the weekly gain in the Nasdaq after a strong start. There’s a disjunctive risk-off tone in markets today in
The greenback is sitting lower on the balance of things now, with EUR/USD up 0.3% to 1.0500 and GBP/USD up 0.4% to 1.2125 on the day. It comes as the bond rout is seen cooling in European trading, with 10-year Treasury yields now at 4.81% after having touched 4.88% at the start of the session.
Earlier, I wrote about positive seasonal factors in Q4 helping US equities. Here’s the other argument, which I think is more compelling. 1) Put yourself in the shoes of a fund manager The Nasdaq Composite is up 24.7% year-to-date and the S&P 500 is up 11%. If you’re matched or even come near that performance
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow gives back recent gains The index has fallen this week, dropping back below the 50-day SMA and heading towards the 100-day SMA.It remains above the August lows, but bulls will need a close back above 34,750 to
The Wall Street Journal reported that Saudi Arabia’s Aramco, the world’s most valuable oil company, appears to be considering selling a stake of as much as $50 billion. The Journal cites “people familiar with the potential deal” for the info. The 50bn cited would be the largest offering in the history of capital markets. Says
USDCAD daily Bank of America (BofA) analysts are suggesting that traders consider selling USD rallies, particularly against the Canadian Dollar (CAD), Japanese Yen (JPY), Israeli Shekel (ILS), and Indian Rupee (INR). The team identifies specific technical indicators that suggest a USD correction could be imminent. Key Points: General Outlook: BofA analysts suggest that Tuesday’s USD
EUR/USD PRICE FORECAST: Your Free Guide to the EURO for the Rest of Q3 Below Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation? EUR/USD put in impressive gains early in the US session before a return of Dollar strength saw the pair surrender
© Reuters. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI (Reuters) -China’s major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter
