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📈Market update 09/05/2024 The AUD lost ground against the US Dollar for the second day as higher US Treasury bond yields supported the Greenback. On Wednesday, the AUD/USD dropped by 0.26% as market sentiment turned risk-off ahead of scheduled US data releases for the rest of the week. Officials at the Bank of Japan (BoJ) and the Ministry of Finance (MoF) verbally supported the JPY, causing the USD/JPY to weaken yesterday. The absence of suspected intervention in the currency market this week appears to be boosting confidence among USD/JPY buyers. BoJ Governor Ueda expressed concerns about the ongoing weakening of the yen, suggesting that it could lead to economic uncertainties and challenges for businesses in Japan. The Bank of England (BoE) policy meeting is the key focus for markets, preceding next week’s release of US April inflation data. Market expectations suggest that the BoE will maintain interest rates at their current level of 5.25%. Read more: https://lnkd.in/eQczngf6 #AUD #USD #RBA #monetarypolicy #AUDUSD #dovish #forex #markets #inflation

In the currency markets, the US Dollar had a positive start to the week as it gained ground against most major currencies without any significant data releases. Despite this, several Federal Reserve officials made statements indicating a cautious approach to monetary policy. While April's CPI reading showed improvement, first quarter inflation was disappointing. There is less talk about rate cuts and some officials even mentioned the possibility of tightening. The USD made gains against the Japanese Yen, New Zealand Dollar, and Australian Dollar. The Euro had limited price action due to a public holiday in most parts of Europe. ECB President Christine Lagarde is scheduled to speak, with speculation about a potential rate cut in June influencing the currency's performance. Meanwhile, the British Pound continued to show strength in the market, hovering around the 1.27 mark against the US Dollar. The GBPUSD pair saw a 1.4% increase last week, nearing a two-month high. Stronger UK data supported last week's gains, and upcoming UK inflation data and global PMI figures will be key factors in determining the next move for the Pound. #australia #uk #newzealand #usa #interestrate #dollar #sterling #finance #money #forex #trading #price #business #currency #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #challengercapital #willbanks #marketedge #internationalbusiness #europe #ASIC #ACCC #FCA #SEC

In the Asian trading session on Friday, risk-sensitive currencies like the Australian Dollar saw a significant decline due to reports of an Israeli attack on Iranian territory. This led to a surge in safe-haven currencies such as the Swiss Franc, Japanese Yen, and the US Dollar as investors sought shelter from escalating tensions in the Middle East. The AUD/USD pair dropped sharply to 0.6365 before recovering slightly to close the week around 0.6420 as market conditions stabilized during the American session. In Europe, the AUD/EUR pair fell below 0.6000 on Friday but managed to end the week near 0.6020. German producer prices for March fell by 2.9% year-on-year, less than the expected 3.2% decline. Market focus this week will be on ECB President Christine Lagarde’s upcoming speech and the release of Manufacturing and services PMIs on Tuesday for potential market-moving events. The Pound Sterling faced pressure during the American session on Friday, driven by volatile trading due to heightened tensions in the Israel-Iran conflict. UK Retail Sales data for March showed stagnation compared to February, with MoM sales remaining flat at 0% and core sales declining from 0.3% to -0.3%. The AUD/GBP pair closed just below 0.5200 after dropping to 0.5135 on Friday afternoon. Overall, the market was dominated by safe-haven currencies and heightened geopolitical tensions, leading to fluctuations in currency pairs across different regions. #australia #uk #newzealand #usa #interestrate #dollar #sterling #finance #money #forex #trading #price #business #currency #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #challengercapital #willbanks #marketedge #internationalbusiness #europe #ASIC #ACCC #FCA #SEC

Following the release of robust Consumer Price Index (CPI) data, Asian currencies experienced declines while the US dollar maintained its strength. The positive CPI figures likely reinforced expectations of tighter monetary policies from the Federal Reserve, bolstering the dollar against regional currencies. This trend underscores the sensitivity of forex markets to key economic indicators, with traders closely monitoring CPI data for insights into potential shifts in monetary policy. JKV Global Markets Ltd. www.Jkvglobal.com #jkvglobal #forextrading #tradingcompany #forex #forextrader #forextrading #forexsignals #forexlifestyle #forexlife #forexmarket #forexsignal #forextrade #tradeforex #forexprofit #forexmoney #forexeducation #forexsignalservice #india #uae #forexnews

USD/INR closed yesterday at all time high of 84.73. Persistent FII outflows, disappointing macroeconomic data, higher crude prices and Trump' tarrifs threat have strengthened the greenback against other Asian currencies, which has put pressure on the rupee. The pair may trade in the range of 84.50-95 in the near term with strong resistance at 85.00 and support at 84.50 and 84.30 levels. DXY was trading higher around 106.50 levels. Trump tarrifs threat, political uncertainty in France and higher than expected Manufacturing PMI data ( 49.7 vs 48.8) triggered the dollar to rally against basket of currencies. If the index continues to trade near 106.50 levels than we can it ralling towards 107.35 and further towards 108.00 levels, failure to trade above 105.50 may push it lower 105.00 and further at 104.00 levels EUR/USD falls below 1.0500 levels. Political risk in France one of its major countries, dovish commentary from ECB’s Martin Kazaks and a stronger US dollar has put pressure on the Euro. The manufacturing PMI data remains unchanged at 45.2 as expected. The outlook remains bearish with support at 1.0450-30 levels while resistance is at 1.0540 and 1.0585 levels GBP/USD slids below 1.2700 levels on stronger US dollar. This week there is limited data on the UK front and it may follow the trend in the USD. For the pair support is at 1.2630 and 1.2600 levels and resistance at 1.2750 and further at 1.2820 levels #fx #forex #markets #currency *views are personal

The USD/JPY regained momentum in October, with the pair surpassing 152 for the first time since the beginning of August. The US dollar surged this month due to the "Trump Trade," referring to a market trend that anticipates Trump winning the US presidential election in November. Additionally, market expectations for the Federal Reserve to continue cutting rates at a rapid pace have significantly weakened, following resilient US job data, which boosted US government bond yields—another factor supporting a strong dollar. The Bank of Japan’s rate decision will be a key focus next week, with the bank expected to keep rates unchanged and maintain a relatively dovish stance. As a result, the USD/JPY may sustain its uptrend in the near term. visit our page for more information: https://lnkd.in/ezi4y3rb #fortuneprimeglobal #fpg #trading #forex #tradinganalysis #tradingwebinars #webinars

Japan makes a historical rate hike. Earlier today the BoJ ended an era of negative interest rates. BoJ members voted 7-2 to set rates between 0% - 1% but did not give an indication of future rate hikes, BoJ emphasized that monetary policy should remain accommodative. Meanwhile other central banks such as the Fed and Bank of England are expected to be cutting rates this year. On Wednesday, the Fed will announce its interest rate decision, expected to remain unchanged at 5.50%. What will be key for investors will be J. Powell commentary on the dot plot, which is the interest rate projections until 2026. The Bank of England will deliver its interest rate decision on Thursday, it is not expected to make any changes, but markets are pricing in at least two interest cuts this year. Market reaction: The Yen has declined by 10% this year against the dollar and 18% against the pound, yen declined by 1% today against dollar. ________________________________________ Trade Japanese Yen and other FX pairs on our world class trading platforms with transparent pricing and no dealing desk intervention. We don’t trade against you. See FX pairs pricing: https://buff.ly/3VkoHKX #forex #trading #centralbanking #financialmarkets

Currencies More Subdued (Apart from Yen) - https://lnkd.in/ewqXQNgY - Last week was a far more subdued week as market eyes were elsewhere. Global markets rallied pushing stocks to new highs in Europe and US markets posting substantial gains. The post Currencies More Subdued (Apart from Yen) first appeared on trademakers. -

Yen Collapse; FOMC in Focus - https://jpfs.com/?p=8292 - Courtesy of our friends at @JPFServices - Last week we saw the expected de-escalation in the Iran - Israel war and a risk on rally ensued. The Yen had sharp sell off. Firstly, the BoJ kept rates unchanged, and a dovish tone then compounded the fall closing the week through 158. The post Yen Collapse; FOMC in Focus first appeared on trademakers. -

Yen Collapse; FOMC in Focus - https://jpfs.com/?p=8292 - Courtesy of our friends at @JPFServices - Last week we saw the expected de-escalation in the Iran - Israel war and a risk on rally ensued. The Yen had sharp sell off. Firstly, the BoJ kept rates unchanged, and a dovish tone then compounded the fall closing the week through 158. The post Yen Collapse; FOMC in Focus first appeared on trademakers. -