News
Japanese Yen Forecast: Will USD/JPY Break 139.5? BoJ and US Labor Market in Focus
Foreign inflows may drive USD/JPY lower, impacting inflation, Japanese goods demand, and BoJ policies. Stronger Yen may lower import prices, leading domestic companies to cut prices and triggering potential deflation. Weaker US labor data could spark speculation about an aggressive November Fed rate cut.
U.S. Dollar Declines: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
EUR/USD settled below 1.1100 as traders reacted to the Euro Area Industrial Production report. USD/CAD was mostly flat despite the rally in precious metals markets. USD/JPY pulled back as traders focused on falling Treasury yields.
The Week Ahead: Central Bankers and Inflation to Dictate Near-Term Forex Trends
US consumer confidence and inflation to influence bets on an H1 2024 Fed rate cut. Market bets on an April ECB rate cut in the hands of member states and Eurozone inflation reports. China, the Bank of Japan, the RBA, and the RBNZ will also be in the spotlight.
What are the results of the first debate?
The American Misery Index predicts Harris will be the next president.
France: Political Uncertainty Weighs on Public Finances and Funding Conditions
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.
Trump’s New Crypto Project Sparks Controversy ahead of $540M Fundraise
World Liberty Financial, a DeFi platform tied to members of the Donald Trump family, has gained attention as it aims to raise $540 million through the sale of 30% of its WLFI token 70% of the WLFI tokens, worth around $540 million, are earmarked for the project's insiders, including, Donald Trump's close family members.
Ripple Filing Spurs SEC Appeal Speculation
US Jobs Report impacts crypto demand as bets on a 50-basis point Fed rate cut subside. US BTC-spot ETF market outflows sink BTC. Speculation about an appeal in the SEC vs. Ripple case impacted demand for XRP.
European indices rebound ahead of ECB rate cut decision
European equity markets rallied overnight, anticipating a European Central Bank rate cut. The UK awaits key employment and economic data.
What’s the best technical analysis trading indicator?
Price action trading involves analysing price movements, patterns, and trends on charts before the reliance on technical analysis indicator tools.