Today's analysis: USD/JPY Under Pressure as Yen Strengthens Amid Risk-Off Sentiment
The USD/JPY pair is trading below 157.00, with the Japanese Yen strengthening due to risk-off sentiment in the Asian session. The pair is now focused on potential Japanese intervention and upcoming US economic data. On Monday, USD/JPY fell over 0.20% and is currently at 156.96, with a bearish outlook for potential further declines.
Today's analysis: USD/JPY Eases Below 157.50 Amid Yen Gains and Treasury Yield Impact
USD/JPY trades below 157.50 due to Yen strength after warnings from Japanese authorities, despite US Dollar strength and rising US Treasury yields. Suspected intervention pushed the pair to a one-month low, with traders cautious of further actions. Slight improvements in US Treasury yields support the Dollar, but expectations of a Federal Reserve rate cut in September may limit gains.
Today's analysis: XAU/USD Set for Gains as US Bond Yields Drop and Fed Rate Cut Expectations Rise
Gold prices are rising near $2,315 as US bond yields decline, with expectations of two Federal Reserve (Fed) rate cuts this year due to easing inflationary pressures. The CME FedWatch tool indicates a 66% probability of a rate cut in September, with further cuts expected in November or December. However, the Fed's own projections suggest only one rate cut this year, as policymakers seek sustained inflation declines before normalizing policy.
Today's analysis: AUDUSD Gains Momentum Amid Hawkish RBA and Technical Resistance.
The AUD/USD is expected to rise due to a softer US Dollar, improved risk sentiment, and the hawkish stance of the RBA, which kept rates at 4.35% and indicated potential near-term hikes. Technically, breaking above 0.6640 could push the pair to 0.6770, despite resistance from the 50, 100, and 200 SMAs on the 4-hour chart and challenges from China's sluggish economy. Key support is at 0.6521.
Stocks Sink as Treasury Yields Keep Rallying
Dow Jones Falls 1%, S&P 500 Drops 1.3%, and Nasdaq 100 Slides 1.4%
How will the dollar and gold be affected by the collapse of Silicon Valley Bank?
Foreign exchange broker MACRO has offered its view on the bankruptcy of Silicon Valley Bank, suggesting that it could have an impact on the foreign exchange market for both the US dollar and gold. In the short term, investors may turn to more stable assets such as gold, while the US dollar may suffer as investor confidence in the US economy and financial markets slips. However, we should note that the prices of these varieties are influenced by a number of factors, such as the global epidemic, e
Gold hits three-month low as Fed officials release hawkish signals
Gold hits three-month low as Fed officials release hawkish signals
U.S. GDP shrank 1.4% in the first quarter, and the dollar index hit a nearly 20-year high
U.S. GDP shrank 1.4% in the first quarter, and the dollar index hit a nearly 20-year high