Japan's financial markets opened for the first time in 2025 on Monday. USD/JPY dropped as much as 0.50% but has recovered most of these losses.
06-01-2025 11:57 GMT
by Kenneth Fisher
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The euro has started the week with sharp gains. In the European session, EUR/USD is currently trading at 1.0403, up 0.91% on the day.
German CPI expected to rise to 2.4%
Germany's economy may not be in great shape but inflation has been moving higher and the trend is expected to continue when December CPI is released later today.
06-01-2025 07:34 GMT
by Kenneth Fisher
The US Dollar Index (DXY) starts the week lower as market participants reposition ahead of a data-heavy week.
EUR/USD recovers but will German inflation derail the rally?
The DXY is at a key confluence; a break of the trendline could lead to a downside correction, while a bounce could open up the possibility of fresh highs.
Most Read: Markets Weekly Outlook – US Jobs Data in Focus as King Dollar Eyes Further Gains
The US Dollar Index (DXY) has started the week on the back foot as the Index flir
06-01-2025 05:48 GMT
by Zain Vawda
The US dollar started 2025 strong, reaching a two-year high, while US equities were disappointing due to a lackluster Santa Rally.
Global equity funds saw an 86% drop in inflows compared to the previous week, attributed to rising bond yields and potential portfolio rebalancing.
The week ahead focuses on the US NFP jobs report and its potential impact on USD dominance.
Australia's CPI, retail sales, and trade balance data will provide insights into its economy.
03-01-2025 12:59 GMT
by Zain Vawda
The British pound has stabilized on Friday, after declining more than 1% a day earlier. In the European session, GBP/USD is currently trading at 1.2406, up 0.16% on the day.
The US economy is in solid shape, so much so that the Federal Reserve has lowered its rate cut projection for 2025 to just two rate cuts, compared to four rate cuts in the September forecast.
03-01-2025 06:48 GMT
by Kenneth Fisher
The euro has stabilized on Friday. In the European session, EUR/USD is currently trading at 1.0296, up 0.3% on the day.
03-01-2025 05:16 GMT
by Kenneth Fisher
The British pound has started 2025 with sharp losses. In the North American session, GBP/USD is currently trading at 1.2373, down 1.1% on the day.
British pound can't find its footing
The US dollar has flexed its muscles in recent months and the pound has faltered, sliding 8% since October 1.
02-01-2025 11:53 GMT
by Kenneth Fisher
The euro has taken a tumble on Thursday. In the North American session, EUR/USD is currently trading at 1.0246, down 1.06% on the day.
02-01-2025 10:53 GMT
by Kenneth Fisher
As the global markets reopen have the New Years' Day, Japanese markets are closed for a holiday. It's a very light economic calendar today, with no Japanese releases and only one US tier event - unemployment claims.
02-01-2025 07:19 GMT
by Kenneth Fisher
EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400.
ECB policymakers are cautious about future rate cuts due to a sluggish Euro.
The US Dollar Index (DXY) held its gains last week, supported by positive US data.
The lack of liquidity may mean that upcoming US economic data (Pending Home Sales and Chicago Purchasing Managers Index) has little impact on the US Dollar.
30-12-2024 04:47 GMT
by Zain Vawda
US equities experience volatility amid tech and growth stock fluctuations, ending the Santa Rally week with marginal gains.
Japanese Yen strengthens due to expected Bank of Japan policy changes, while US Dollar continues its advance.
Key data releases next week include Chinese PMI data and US manufacturing PMI, with market focus on potential economic recovery signs in China and continued US resilience.
27-12-2024 13:21 GMT
by Zain Vawda
The Japanese yen is showing little movement on Christmas Day. Japanese markets are open but with most global markets closed for the holiday, the currency markets will be very quiet today.
25-12-2024 05:16 GMT
by Kenneth Fisher
The Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 157.33, up 0.11% on the day at the time of writing.
The yen is having a dreadful time as it continues to lose ground against the strong US dollar.
24-12-2024 12:26 GMT
by Kenneth Fisher
The Canadian dollar is showing little movement on Tuesday. In the North American session, USD/CAD is trading at 1.4385, up 0.08% at the time of writing.
Canada's GDP declines for first time in 11 months
The GDP report on Tuesday was a good news-bad news event.
24-12-2024 11:01 GMT
by Kenneth Fisher
The Australian dollar has posted slight losses on Tuesday. In the European session, AUD/USD is trading at 0.6247, down 0.18% at the time of writing.
RBA minutes hint at rate cut
The Reserve Bank of Australia minutes from the December meeting were significant although they didn't have much impact on the Australian dollar. The minutes signaled that the RBA is increasingly confident that inflation is moving sustainably towards the Bank's target range of 2% to 3%.
24-12-2024 06:20 GMT
by Kenneth Fisher
Gold prices start the week lower as the US Dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025.
Gold's safe haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict.
Technical analysis suggests a bullish structure for Gold on a four-hour timeframe, with a potential for further upside if the "Golden Ratio" price level holds.
23-12-2024 11:47 GMT
by Zain Vawda
The Australian dollar has posted losses on Monday. Early in the North American session, AUD/USD is trading at 0.6227, down 0.31% at the time of writing.
Market hopes for rate path hints from RBA minutes
It's a very light calendar week, with the Christmas holiday just around the corner.
23-12-2024 11:30 GMT
by Kenneth Fisher
The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday's European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing.
Canada's GDP expected to remain at 0.1%
The market is keeping expectations low for today's GDP report, with a forecast of 0.1% m/m for October after a 0.1% gain in September.
23-12-2024 06:15 GMT
by Kenneth Fisher
The Federal Reserve's policy change and economic projections have significantly impacted markets, leading to a rise in US yields.
The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities.
The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a U.S. government shutdown increased.
The upcoming week is expected to have thin liquidity and range-bound trade due to the Christmas holiday and a bank holiday in the U
20-12-2024 12:26 GMT
by Zain Vawda
The Japanese yen has reversed directions on Friday after sharp losses a day earlier. Early in the North American session, USD/JPY is trading at 156.54, down 0.53% on the day at the time of writing.
20-12-2024 09:01 GMT
by Kenneth Fisher