by Jibran Munaf | August 31, 2024 | Currencies, Currency Markets Analysis
The U.S. dollar is poised to break its five-week losing streak, holding steady near a one-week high against major currencies on Friday, following robust economic data that led investors to adjust expectations for aggressive Federal Reserve interest rate cuts....
by Jibran Munaf | August 14, 2024 | Breaking, Currency Markets Analysis, Economy, Finance, Market Analysis & Commentary, Markets, News, Stocks & Bonds
Stocks rallied across the board, with the Dow, S&P 500, and Nasdaq Composite all posting gains after weak Producer Price Index (PPI) inflation data. The technology sector led the charge as the first of two closely watched inflation reports came in weaker than...
by Jibran Munaf | August 13, 2024 | Currency Markets Analysis, Currency Trading Strategies, Economy, Industry, Market Analysis & Commentary, Markets, Stocks & Bonds
Japanese shares led Asia higher on Tuesday, with the yen on the back foot ahead of a slew of data this week, including U.S. inflation figures, which will help investors gauge the Federal Reserve’s policy outlook after last week’s volatile markets. Oil...
by Jibran Munaf | August 12, 2024 | Currencies, Currency Markets Analysis, Major Currency Pairs, News, Trending Now
The yen fell against the dollar on Monday during calmer currency market trading after a volatile week, while investors assess the likelihood of a significant Federal Reserve rate cut next month, anticipating a series of U.S. economic data releases. This respite comes...
by Jibran Munaf | July 5, 2024 | Currencies, Currency Markets Analysis, News
The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party took the UK general election in a massive win. Sterling was last at $1.27575, little...
by Jibran Munaf | July 1, 2024 | Currency Markets Analysis, News
The euro strengthened on Monday following the first round of France’s parliamentary elections, which saw the far-right party secure a leading position, albeit by a smaller margin than anticipated. Meanwhile, a downgrade to Japan’s first-quarter growth...
