USD/JPY Price Analysis: Powell’s Remarks Trigger Rebound
Fed Chairman Powell noted that the central bank will stick to a 25 basis point rate cut. Traders cut the probability of a rate cut of 50 basis points in…
Fed Chairman Powell noted that the central bank will stick to a 25 basis point rate cut. Traders cut the probability of a rate cut of 50 basis points in…
Manufacturing activity in the eurozone fell at the fastest pace this year in September. Eurozone inflation fell below 2% in September, weighing on the euro. Market participants estimate an 85…
Canadian GDP rose 0.2 percent in July, compared with estimates of 0.1 percent. The core US PCE price index was lower than expected. Traders estimate a 50% chance of a…
Inflation in Germany eased more than expected. Estimates show that pressures on Eurozone prices could fall from 2.2% to 1.9%. The core US PCE price index rose 0.1%, below estimates.…
The yen strengthened after Shigeru Ishiba won the Japanese election. Ishiba supports the Bank of Japan's recent policy moves. The dollar fell due to softer than expected inflation numbers. The…
A set of PMI data revealed a significant drop in business activity in the Eurozone. US jobless claims fell, indicating tough conditions in the labor market. US inflation rose 0.1%…
Japan announced a new prime minister on Friday after a close race. Japan's new Prime Minister Ishiba supports current monetary policy moves. Inflation in the US rose by 0.1%, which…
Saudi Arabia plans to increase production after abandoning its $100 oil price target. Market participants are focused on Canadian GDP data. Initial US jobless claims fell to 218,000, below forecasts…
The dollar rallied as investors sought safety amid rising tensions in the Middle East. Market participants estimate a 59% chance of another 50 basis point rate cut in November. Sterling…
Initially, the dollar strengthened due to escalating Middle East tensions. Markets are pricing in a higher than 59% chance of a massive November Fed tapering. All eyes are on the…