The Swiss franc is lower on Thursday. Early in the North American session, USD/CHF is trading at 0.9050, up 0.24%.
04-04-2024 09:26 GMT
by Kenneth Fisher
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The euro is on a bit of a roll and has pushed slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0857, up 0.19%.
04-04-2024 04:50 GMT
by Kenneth Fisher
The Japanese yen is steady on Wednesday. In the North American session, USD/JPY is trading at 151.60 up 0.02%.
03-04-2024 12:33 GMT
by Kenneth Fisher
The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%.
Eurozone inflation ticks lower
Inflation in the eurozone continues to decline.
03-04-2024 05:50 GMT
by Kenneth Fisher
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes.
Reserve Bank drops reference to rate hike
The RBA maintained the cash rate at 4.35% at the March 19th meeting.
02-04-2024 10:03 GMT
by Kenneth Fisher
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%.
02-04-2024 05:38 GMT
by Kenneth Fisher
The Australian dollar has started the trading week with considerable losses. In the North American session, AUD/USD is trading at 0.6482, down 0.50%.
Will RBA minutes provide any insights on rate path?
Investors are eagerly awaiting the minutes from the Reserve Bank of Australia’s meeting last month.
01-04-2024 12:59 GMT
by Kenneth Fisher
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%.
Business confidence among major manufacturers falls
The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response.
01-04-2024 07:46 GMT
by Kenneth Fisher
The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%.
It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year.
29-03-2024 07:15 GMT
by Kenneth Fisher
The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17.
Tokyo Core CPI inches lower to 2.4%
Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely watched as it is considered a leading indicator of nationwide inflation.
29-03-2024 06:01 GMT
by Kenneth Fisher
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%.
Canada’s GDP rebounds with 0.6% gain
Canada’s GDP bounced back with a strong gain of 0.6% m/m in January, after a 0.1% in December.
28-03-2024 14:02 GMT
by Kenneth Fisher
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.
Australia’s retail sales rise 0.3%
Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%.
28-03-2024 06:50 GMT
by Kenneth Fisher
The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone at 18,435/620.
Heightened over-concentration risk from Nvidia as its current year-to-date returns of 87% contributed to 55% of Nasdaq 100’s year-to-date return of 10.50% as of 27 March.
Nasdaq 100’s market breadth indicators have started to deteriorate which increases the risk of an imminent multi-week corrective decline sequence.
This is a follow-up analysis of our prior report, “Nasdaq 100 Technical: Bulls
28-03-2024 04:55 GMT
by Kelvin Wong
The Australian dollar continues to drift. In the European session, AUD/USD is trading at 0.6529, down 0.06%.
Australian CPI softer than expected
Australia’s inflation rate stayed steady at 3.4% y/y in February, unchanged for a third straight month.
27-03-2024 11:22 GMT
by Kenneth Fisher
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%.
Yen falls to 34-year low, will Tokyo intervene?
The Bank of Japan raised interest rates last week for the first time since 2007.
27-03-2024 07:18 GMT
by Kenneth Fisher
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%.
BoJ core inflation eases to 2.3%
Bank of Japan core inflation fell to 2.3% in February, down from 2.6% in January and shy of the market estimate of 2.5%.
26-03-2024 11:26 GMT
by Kenneth Fisher
The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%.
26-03-2024 07:11 GMT
by Kenneth Fisher
The surprise rate cut by SNB has reinforced the bearish momentum of CHF/JPY.
CHF has weakened across the board against the G-10 currencies; it is the weakest against the EUR.
Watch the 169.00 key short-term resistance on CHF/JPY with key support coming in at 166.55.
This is a follow-up analysis of our prior report, “CHF/JPY Technical: Potential major bullish trend exhaustion” dated 13 March 2024. Click here for a recap.
The CHF/JPY cross-pair has remained soft as it failed to surpass its 50-da
26-03-2024 04:55 GMT
by Kelvin Wong
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. A relatively quieter week versus last week's major central banks' galore as we head into the Easter holiday with several key events and economic data to take note.
25-03-2024 22:04 GMT
by Kelvin Wong
The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.25, down 0.13%.
Yen can’t find its footing
Last week’s Bank of Japan was dramatic as the central bank raised interest rates for the first time since 2007.
25-03-2024 10:29 GMT
by Kenneth Fisher