The US Dollar Index turns positive amid Fed’s cautiousness. Geopolitical concerns keep the gains capped. US-China trade talks pose a temporary optimism. The US Dollar Index (DXY) hovers around the 100.00 area during the early European session on Thursday. The recent upside stems from the Fed’s cautious stance and wait-and-watch approach. Moreover, market participants are
GBP/USD keels over while EUR/JPY, USD/JPY rise as US dollar appreciates. Source link
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
2025.05.08 2025.05.08 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.05.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to climb to the previous high. The recommendation is to open long trades
MUFG is bolstering its FX franchise amid a rising interest rate environment that has led investors to renew their attention in the Japanese FX market. MUFG’s domestic success and growing onshore presence have strengthened the firm’s ambition to become an Asia powerhouse in FX David Wright, MUFG After decades of ultra-low interest rates, the Bank
The dollar is trading higher now to start European trading as the UK confirms that Trump’s announcement later will be an agreement to a framework for a trade deal. This means laying out the groundwork and discussion points for negotiations over the next few weeks/months, but at least there is some progress. USD/JPY hourly chart
Trading in the forex markets remains subdued. Fed’s policy announcement overnight triggered minimal market reaction, as it delivered a widely expected hold at 4.25–4.50%. While Fed acknowledged that risks of both higher unemployment and higher inflation have increased, Chair Jerome Powell made it clear that rate cuts are not imminent. “It’s not a situation where
The Bank of England is set to cut its benchmark interest rate by a quarter-point on Thursday, to cope with the economic slowdown triggered by trade tariffs. The Monetary Policy Committee is expected to reduce the Bank Rate to 4.25 percent from 4.50 percent. The BoE had maintained its interest rate at its March meeting
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
Macro factors to be considered China’s domestic economic conditions continue to play a crucial role in Alibaba’s performance. Recent deflationary pressures have prompted government stimulus measures, the effectiveness of which will directly impact consumer spending on Alibaba’s platforms. The uncertainty in trade policies represents a key headwind for Alibaba’s international e-commerce business. The US has
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, he is “mindful of the impact of the rising food prices on underlying inflation.” Additional quotes Uncertainties over rice and other food prices remain high, but prices likely to settle down eventually. Will closely monitor price situations closely as uncertainties over global economy remain high.
Info via Reuters report: The U.S. Treasury and Commerce departments are drafting plans for a sovereign wealth fund, though no final decisions have been made, according to the White House. The initiative, ordered by Trump in February, would aim to monetise government-held assets for public benefit and bolster economic security. A central feature under consideration
NZD/USD consolidates near 0.6000 after touching a six-month high. Fed leaves rates unchanged but highlights rising inflation and unemployment risks. Technical indicators present a mixed outlook, with key support at 0.5920 and resistance at 0.5950. The NZD/USD pair is pulling back from a six-month high near 0.6025 reached earlier on Wednesday, trading around 0.6000 as
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
