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AUD/USD jumps after Fed says rate hike unlikely

The Australian dollar has steadied after two straight days of sharp swings. AUD/USD is up 0.14%, trading at 0.6532 at the time of writing in the North American session. It has been a roller-coaster for the Australian dollar this week.

02-05-2024 10:04 GMT by Kenneth Fisher

Canadian dollar edges higher as Fed pauses again

USD/CAD is steady on Thursday and is trading at 1.3720, down 0.14% at the time of writing. Powell says inflation still too high to lower rates The Federal Reserve kept the benchmark rate in the target range of 5.25% to 5.50% for a six straight time at the Wednesday meeting. Fed Chair Powell said that the Fed was not yet ready to lower rates, pointing the finger at high inflation.

02-05-2024 08:07 GMT by Kenneth Fisher

USD/JPY slides – did Tokyo intervene?

It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. In the Asian session, the yen fell as low as 157.55 but then recovered to precisely 153.

02-05-2024 06:59 GMT by Kenneth Fisher

USD/JPY calm ahead of Fed decision

Japanese yen is trading quietly on Wednesday. USD/JPY is trading at 157.68, down 0.07% at the time of writing. Fed expected to hold rates The Federal Reserve meets later today and is widely expected to keep rates unchanged for a sixth straight time.

01-05-2024 11:14 GMT by Kenneth Fisher

AUD/USD stabilizes after taking a tumble, Fed next

The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly revised 0.2% gain in February and shy of the market estimate of 0.2%.

01-05-2024 09:45 GMT by Kenneth Fisher

NZ dollar shrugs after soft jobs report

The New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing. New Zealand’s employment declines New Zealand’s labor market is showing signs of cracks.

01-05-2024 06:02 GMT by Kenneth Fisher

Canadian dollar slides as Cdn. GDP misses expectations

The Canadian dollar is down sharply on Tuesday. In the North American session, USD/CAD is trading at 1.3743, down 0.71%. Canada’s GDP rises 0.2% Canada’s economy continues to struggle in the first quarter.

30-04-2024 12:54 GMT by Kenneth Fisher

Euro dips as eurozone GDP expands

The euro is slightly lower on Tuesday. In the North American session, EUR/USD is trading at 1.0703, down 0.17%. Eurozone GDP climbs, inflation dips The eurozone economy expanded by 0.3% q/q in the first quarter, the highest rate since the third quarter of 2022.

30-04-2024 10:31 GMT by Kenneth Fisher

EUR/USD: Sideways within a medium-term downtrend

Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a potential medium to long-term bearish trend on the EUR/USD. Watch the 1.0740 key short-term resistance on the EUR/USD ahead of the Fed’s monetary policy decision on 1 May. Since its December 2023 high of 1.1140, the EUR/USD has tra

30-04-2024 07:16 GMT by Kelvin Wong

USD/JPY stabilizes after roller-coaster Monday

The Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%. It has been a relatively quiet day for the yen after massive movement over the past two days.

30-04-2024 06:09 GMT by Kenneth Fisher

USD/JPY: An overextended intraday rally makes it vulnerable to a squeeze down with rumoured talks of FX intervention

USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session's swift upmove in USD/JPY has led to an increase in its volatility condition which increases the risk of FX intervention. Abrupt intraday movement in USD/JPY that wiped out earlier intraday gains has the hallmark of a suspected FX intervention. This is a follow-up analysis of our prior report, “USD/JPY: Persistent JPY bearish trend intact despite growing intervention

29-04-2024 03:26 GMT by Kelvin Wong

Australian dollar extends gains as PPI surges

The Australian dollar has posted four straight winning sessions this week and is in positive territory on Friday. In the European session, AUD/USD is trading at 0.6534, up 0.24%.

26-04-2024 07:24 GMT by Kenneth Fisher

Swiss franc shrugs after SNB’s Jordan comments

The Swiss franc is steady on Friday. In the European session, USD/CHF is almost unchanged at 0.9118. It has been quite a ride for the Swiss franc, which hit eight-year highs against the US dollar in the last week of 2023.

26-04-2024 05:58 GMT by Kenneth Fisher

USD/JPY volatile after inflation, BoJ meeting

The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%. It has been a busy Friday in Japan.

26-04-2024 04:43 GMT by Kenneth Fisher

USD/JPY: Persistent JPY bearish trend intact despite growing intervention risk

Tokyo’s core-core inflation for April came in at 1.8% y/y, its slowest pace of increase since September 2022 & below BoJ’s inflation target of 2%. The latest set of softer-than-expected Tokyo’s CPI may push back the timing of the next BoJ’s interest rate hike. Widening of US Treasuries-JGBs yield spread premium is likely to support a further potential upmove in the USD/JPY. The current upmove in USD/JPY since mid-March 2024 has been accompanied by a lower volatility condition versus its more abr

25-04-2024 22:38 GMT by Kelvin Wong

Pound edges higher after soft US GDP

The British is in positive territory on Thursday. In the North American session, GBP/USD is trading at 1.2492, up 0.23%. US GDP slows to 1.6% Is the US economy finally slowing down?

25-04-2024 10:46 GMT by Kenneth Fisher

USD/JPY ticks higher ahead of BoJ meeting

The Japanese yen continues to lose ground on Thursday. In the European session USD/JPY is trading at 155.61, up 0.17%.

25-04-2024 06:52 GMT by Kenneth Fisher

Euro rises after German consumer confidence improves

The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0726, up 0.25%. German consumer confidence hits two-year high Germany’s GfK Consumer Climate index improved in April and again in the May forecast, as the German consumer is showing signs of optimism.

25-04-2024 05:15 GMT by Kenneth Fisher

Canadian dollar dips as retail sales fall

The Canadian dollar is in negative territory on Wednesday after a five-day winning streak in which it gained 1.1%. In the North American session, USD/CAD is trading at 1.3703, up 0.29%. Canada’s retail sales down in February Canadian consumers are holding tight on the purse strings as spending has been weak in the first quarter.

24-04-2024 14:08 GMT by Kenneth Fisher

AUD/USD extends gains as inflation higher than expected

The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%.

24-04-2024 08:42 GMT by Kenneth Fisher

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