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UPCOMING EVENTS: Monday: German IFO. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI. Thursday: Switzerland Q4 GDP, US Durable Goods Orders, US Q4 GDP (2nd estimate), US Jobless Claims. Friday: Tokyo CPI, France CPI, Germany CPI, Canada GDP, US PCE. Tuesday The US Consumer Confidence is expected at 103.0 vs. 104.1 prior. The last report
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Trading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday’s range. Loonie failed to react to significantly stronger-than-expected retail sales data. Euro dipped earlier following weak PMI reports, but selling pressure quickly fizzled out. Yen saw some volatility during the Asian session, initially weakening alongside Japanese bond
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Yen volatility remains a key theme in Asian session today. Stronger-than-expected Japanese inflation data provided further justification for BoJ’s ongoing policy normalization, reinforcing speculation that the central bank may hike rates sooner than previously anticipated. However, Yen’s rally lost momentum after Japan’s 10-year JGB yield pulled back sharply. This dip in yield came after BoJ
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Yen continues to dominate the relatively quiet forex markets today, with USD/JPY slipping below the key 150 psychological. The move is largely fueled by rising speculation that BoJ may tighten policy again sooner than expected, a sentiment that’s also reflected in 10-year JGB yield’s rally to another 15-year high. While the base case for BoJ’s
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Gold prices edged higher on Thursday, hovering near their all-time highs as concerns persisted over U.S. President Donald Trump’s tariff strategies, which could fuel inflation and escalate a global trade war. FUNDAMENTALS * Spot gold rose 0.2% to $2,938.57 an ounce, as of 0027 GMT. Bullion scaled an all-time high of $2,946.85 on Wednesday. *
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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