The Japanese yen continues to lose ground, breaking through the 150-mark against the US dollar on Thursday, the highest level since 1990. The Japanese economy has been suffering as the yen has weakened significantly, prompting an emergency Bank of Japan meeting. The last time when the Yen breached the 160-mark was way back in 1986. In recent weeks, the Bank… Read More »The Japanese yen has reached 150 against the US dollar, its lowest level since August 1990.
The unemployment rate in the United Kingdom fell to 3.5% in the three months to August 2022, a new low since 1974 and lower than the previous period’s 3.6% and market forecasts of 3.6%. The rate of economic inactivity increased by 0.6 percentage point or 252K to 21.7%, the highest since records began in 1971, owing to people being sick… Read More »UK unemployment has reached levels not seen since 1974, but the pound is unfazed
Most investors will be keeping an eye on the second part of the week as the US prepares to release PPI, CPI, and Core Retail Sales data. This could result in a high level of volatility at the week’s finish, along with the FOMC meeting minutes. The PPI, CPI, and Core Retail Sales predictions point to continued expansion in the… Read More »Week ahead in Forex Markets (Oct 10 – 14), Main focus on FOMC, BOE Governor Bailey speaks
On Friday, the dollar index maintained its recent gains to rise above 112, supported by a steady stream of hawkish comments from Federal Reserve officials, as investors awaited the crucial monthly jobs report that may influence the central bank’s monetary policy decision in November. It is anticipated that the nonfarm payrolls report, which is due later in the day, will… Read More »Traders pay close attention to the Dollar’s reaction to the NFP data
Week ahead in Forex Markets (Oct 3 – 7), Main focus on RBA, RBNZ’s rate hikes and the US Non Farm payroll data
As we are entering the last quarter of the year, We have major news releases like RBA, RBNZ interest rate decision and the USD’s Non Farm Payroll Major Economic events RBA’s policy decision (Oct 3, 11:30 pm GMT)The RBA may increase rates by a another 50 basis points. Or, with a 25bps rate hike, will members let off the gas… Read More »Week ahead in Forex Markets (Oct 3 – 7), Main focus on RBA, RBNZ’s rate hikes and the US Non Farm payroll data
The expectation that the Federal Reserve will tighten monetary policy further in order to lower high inflation caused the dollar index to remain stable near 112 on Friday after falling from a 20-year high of 114.778 earlier this week. Despite this, the index was still on track to post another strong monthly gain. The index is trading roughly 7% higher… Read More »Dollar Expected to Post a Big Monthly Gain
USD – Fed announces another 0.75 percentage point increase in interest rates JPY – BOJ keeps ultra-low rates, dovish policy guidance CHF – The Swiss National Bank raises interest rates to 0.5% in order to cool the country’s raging inflation. GBP – Bank of England hiked interest rates for a seventh straight time for 50 bps
24-year low for the Japanese yen The Bank of Japan kept its benchmark rate for short-term borrowing at -0.1%. The decision was made shortly after the US announced a 75 basis point rate increase, its third consecutive increase. The prolonged conflict in Ukraine has raised commodity costs, which are projected to put negative pressure on the Japanese economy. Nevertheless, given… Read More »USDJPY rises to 24 year High of 144.98
Fed announces another 0.75 percentage point increase in interest rates and promises more increases in the future to combat inflation. Since the early 1980s, inflation has been rising and the central bank has been working to reduce it. Fed representatives indicated that they plan to keep raising rates until the funds level reaches a “terminal rate,” or endpoint, of 4.6%… Read More »FED Hikes Rates as Expected
The Federal Reserve is considering raising interest rates by 75 basis points during its September 2022 meeting, marking the third consecutive three-quarter point increase, increasing borrowing costs to the 3%-3.25% range, the highest since 2008. Some economists believe the Fed will raise interest rates even more. Simultaneously, the so-called dot plot is predicted to show that interest rates will likely… Read More »Fed expected to Hike Rates by 75bps for 3rd Time
A Financial Market Tumbling based on Putin Speech – “Russia president Putin announces partial military mobilization” Putin’s Words put more pressure on the European region, Hedge Traders focus on USD and Gold partial buy for a safer investment. This Week’s FOMC Statement, and Fed Rate announcement followed by tomorrow’s news GBP & JPY Bank rate of interest might bring high… Read More »Market Wrap
The currency rate between Canada and the United States is frequently highly connected with the price of oil.when the price of oil rises in the long run the value of the Canadian dollar (commonly known as the loonie) rises in relation to the US dollars.That correlation is directly related to how Canada gets the majority of its US dollars through… Read More »How & Why Oil Impacts The Canadian Dollar
Commodities are weighing on the currency which is falling due to growth fears as risk aversion overtook markets, the Australian dollar felt to its lowest level since the early days of the covid epidemic. The Australian dollar fell 0.4% versus the US dollar reaching 0.6674 its lowest since 2020.