Daily Pivots: (S1) 142.85; (P) 143.69; (R1) 144.41; More… USD/JPY rebounded strongly today and focus is now on 146.48 resistance. Firm break there will resume the rebound from 139.57 to 38.2% retracement of 161.94 to Read more…
Japanese Yen weakened notably in early US session, reacting to rising US Treasury yields, which were boosted by stronger-than-expected US ADP job data. Adding to Yen’s decline, Japan’s new Prime Minister, Shigeru Ishiba, who was Read more…
In the first nine months of 2024, the GBP/CAD exchange rate rose by over 7%, surpassing the significant 1.800 level. The last time GBP/CAD remained consistently above this level was back in 2016, but it Read more…
It’s been two weeks since the Federal Reserve decided to cut its key interest rate for the first time since 2020 during the Covid-19 pandemic. The decision brought the Fed’s Federal Funds Rate down to Read more…
The yen is sharply lower on Wednesday. In the European session, the USD/JPY is trading at 144.82 at the time of writing, up 0.89%. New finance minister makes markets uneasy In Japan, the dust is Read more…
Oil price extends strong rise into second consecutive day, advancing 1.6% during European session on Wednesday, following 3.45% advance on Tuesday (the biggest daily gain since Aug 12). Growing fears that further escalation of the Read more…
Brent crude oil prices climbed to 74.55 USD per barrel by Wednesday, marking a significant increase driven by escalating geopolitical tensions in the Middle East. The previous session saw prices surge by over 2% as Read more…
US ADP report for September showed private employment increased by 143k, surpassing expectations of 120k. The goods-producing sector added 42k jobs, while the service-providing sectors contributed 101k new jobs. By establishment size, small companies saw Read more…
When the missiles started to fly over Israel, stocks in the United States tanked. As oil prices moved higher, tech stocks swooned as investors tried to gauge whether the shelling of Israel by Iran meant Read more…
In a speech today, ECB Vice President Luis de Guindos acknowledged that Eurozone growth was weaker than expected in Q2, leading to a downward revision in the growth outlook for the region. He added that Read more…