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The Bank of Japan (BoJ) released their summary of opinions, accompanied by bearish comments from BoJ policymakers. Geopolitical concerns could bolster the Yen, but the safe haven appeal might be...
Pullbacks of 5% or more in the S&P 500 are relatively common, having occurred on average three times per year since 1930. Despite a recent market correction, the S&P 500 is still up 10%...
The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand Job Growth Surprises on the Upside New...
Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the...
The USD/CAD pair is declining due to the anticipation of aggressive rate cuts by the US Federal Reserve, which could narrow the interest rate differential between the US and Canada Canada’s...
Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven...
Bitcoin prices sharply declined, falling from $58,000 to below $50,000 before recovering to around $55,000. The drop in Bitcoin’s value reflects a souring of market sentiment, with the Crypto Fear...
AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA’s “hawkish hold” monetary policy stance...
The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has...
Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession...
US jobs data underwhelmed, triggering the SAHM rule, and signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10...
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic...
The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best...
The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US...
The Japanese yen continues to sparkle. USD/JPY is trading at 150.27 in the European session, down 1.62% on the day at the time of writing. Earlier, the yen strengthened to 150.04, its highest level...
Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls-eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle...
BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term...