KVB Market Analysis | 28 August: Yen Strengthens on BoJ Rate Hike Hints; USD/JPY Faces Uncertainty
The Japanese Yen rose 0.7% against the US Dollar after BoJ Governor Kazuo Ueda hinted at potential rate hikes. This coincided with a recovery in Asian markets, aided by stronger Chinese stocks. With the July FOMC minutes already pointing to a September rate cut, the US Dollar might edge higher into the weekend.
KVB Market Analysis | 27 August: AUD/USD Holds Below Seven-Month High Amid Divergent Central Bank Policies
The Australian Dollar (AUD) traded sideways against the US Dollar (USD) on Tuesday, staying just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair is expected to be limited due to differing policy outlooks between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The RBA Minutes indicated that a rate cut is unlikely soon, and Governor Michele Bullock affirmed the central bank's readiness to raise rates again if necessary to combat inflation.
KVB Market Analysis | 26 August: Bitcoin (BTC) Breaks Out Above $60,000, Faces Resistance at $72,000
Bitcoin traded above $60,000 on Friday, gaining over 4% this week but staying within a $57,000 to $62,000 range for the past 15 days. On-chain data reveals mixed signals, with institutions accumulating while some large holders are selling. Inflows into US spot Bitcoin ETFs and potential volatility from ongoing Mt.Gox fund movements could impact Bitcoin's price in the coming days.
Japanese Yen Outlook: USD/JPY, EUR/JPY & GBP/JPY
The yen weakens further as Fed Chair Powell's cautious remarks influence market sentiment. USD/JPY remains around 161, with resistance at 162, driven by Powell's comments and upcoming US CPI data. June's lower-than-expected PPI in Japan adds pressure on the yen. The sentiment is bullish for USD/JPY, supported by strong US economic indicators. Key influences include Federal Reserve signals, US economic data, and Japan's PPI. Potential movement for USD/JPY could see it testing 162 resistance.
Global Market Insights: Key Events and Economic Analysis Part 1
This week's major events include Powell's cautious outlook on rate cuts, TSMC's gains amid Samsung's strike, and Putin's diplomatic efforts. In China, the PBOC prepares bond interventions, while Korea's Hahn & Co. raises $3.4 billion. Deflationary pressures persist in China. US and European legal and regulatory changes impact market sentiment. Key data releases are NFIB Small Business Optimism, Core CPI, PPI, and Michigan Consumer Sentiment for the USA.
Weekly Gold Analysis: Steady Prices Amid Key Economic Data
Gold prices remain steady as investors anticipate Federal Reserve Chairman Jerome Powell’s upcoming speech and the U.S. Non-Farm Payrolls data. Geopolitical tensions and economic uncertainties continue to support safe-haven demand for gold, while higher U.S. yields exert downward pressure. Key economic events this week include JOLTs Job Openings, ADP Employment Change, and the Non-Farm Payrolls report.
USD Soars on Fed, Gold Price Cleared Support on Less Dovish Powell
The US Dollar soared as the Fed cut rates for the first time since 2008 but Chair Jerome Powell surprised less dovish, increasing the risk of a reversal in anti-fiat gold prices.
US Dollar, Stock Markets Brace for FOMC Rate Decision
The US Dollar may gain at the expense of equity markets if the Fed rate decision and accompanying commentary induces risk aversion, overriding downward pressure from a dovish policy change.
Asian Stocks Lower As US Rate Cut Bets Pared, Focus On Feds Powell
Regional stock markets had like many others looked forward to the prospect of lower US interest rates. Now that has apparently dimmed, a little rethink is necessary.
EURUSD May Look Past Draghi Comments with FOMC in the Spotlight
While yesterday the Euro took a hit after ECB President Mario Draghi alluded to possible future cuts and reintroduction of QE, markets may look past them as their attention turns to the FOMC.
Mixed Eurozone Data Keeps EURUSD Subdued, Focus on Fed Chair Powells Speech
The EURUSD was pushing higher at the end of Mondays session but reversed some of the gains in anticipation of Eurozone inflation and unemployment figures released this morning. A mixed reading kept the pair subdued around the 1.1246 handle.
Central Bank Weekly: Fed and BOE Shape Currency and Growth Forecasts
This week weve seen the Federal Reserve surprise markets while the Bank of England remains sidelined thanks to Brexit.
Central Bank Weekly: Has the Fed‘s Dovish Shift Altered the Market’s Course？
The March Fed meetings effects are still being felt more than a week later.
Why Does the US Yield Curve Inversion Matter？
With US equity markets recently under pressure, financial news media have pointed to movement in the bond market as the key catalyst.
Central Bank Weekly: After Fed Meeting, One Cut Priced-In for 2020
The March Fed meeting produced a large reaction by both US Treasury yields and the US Dollar.
US Dollar Eyeing Breakout after Muted Action on Fed Chair Powell
The US Dollar is on the eve of a breakout to find its next path in the short-term after Fed Chair Jerome Powell couldnt offer
US GDP Fueled Gold Price Reversal Risk, USD Awaits Jerome Powell
Better-than-expected US GDP boosted the US Dollar as gold prices tumbled. JPY/CHF fell as geopolitical risks in Asia rose. Equities may pause declines, all eyes
Relatively Dovish Fed Catches US Dollar Off Guard, China PMI Next
An increasingly cautious and relatively dovish Fed sunk the US Dollar and bolstered the S&P 500 and Dow Jones. Softer Chinese Manufacturing PMI leaves AUD/USD,
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