Author: FX

© Reuters. FILE PHOTO: Keidanren (Japan Business Federation) Chairman Masakazu Tokura delivers a speech at the 50th anniversary of ASEAN-Japan Friendship and Cooperation luncheon meeting at Keidanren (Japan Business Federation) in Tokyo, Japan, Dec. 18, 2023. Eugene BEIJING (Reuters) – An unusually large delegation of about 200 Japanese business leaders arrived in China this week to bolster economic relations in the first such visit in more than four years and in the face of geopolitical headwinds that have strained bilateral ties. Japanese economic delegations had visited China every year since 1975, but those visits lapsed during the COVID-19 era when…

This forex pair has been treading carefully ahead of top-tier U.S. releases this week. Not only are we looking at the first glimpse into Q4 2023 growth data with the advance GDP release, but we’ve also got the Fed’s preferred inflation measure or the core PCE price index lined up. Is AUD/USD in for trend continuation or a reversal? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

The dollar is mildly higher to start the day after a more mixed showing in trading yesterday. A late surge higher in Treasury yields helped to see the greenback pare losses, and that is keeping traders on edge for now. Here are two key dollar pairs in focus at the moment:Looking to European trading, the overall risk mood is more tentative at best. US stocks saw a late retreat as well, though tech shares outperformed once again with the Nasdaq closing up 0.4%. The S&P 500 managed to squeeze out a 0.1% gain while the Dow closed down 0.3%. US…

Did you know that CAD/JPY has been trading in an uptrend since mid-December 2023? If you’re feeling FOMO and want to jump in, don’t worry. We gotchu! Let’s take a closer look at the 4-hour time frame: CAD/JPY 4-hour Forex Chart by TradingView As you can see, CAD/JPY recently visited new 2024 highs above the 110.00 psychological handle before encountering sellers. We know from the latest Bank of Canada (BOC) decision that the central bankers aren’t actively thinking about interest rate hikes. In fact, there’s reason for some traders to price in lowkey aggressive rate cuts from Governor Macklem and…

Share: Australian Dollar loses ground as the US Dollar attempts to recover recent losses. Australia’s inflation is likely to stay above the RBA’s target range of 2.0–3.0%. US Dollar faced downward pressure despite the upbeat US PMI data. US GDP Annualized (Q4) is expected to print a reading of 2.0% against 4.9% prior. The Australian Dollar (AUD) loses its ground for the second successive day on Thursday. The AUD/USD pair encountered downward pressure following the release of positive S&P Global Purchasing Managers Index (PMI) data from the United States (US) on Wednesday. The upbeat data could decrease the probability…

ResMed jumps 9% as quarterly results shine Source link

© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla expects to start production of its long-anticipated, next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon Musk said on Wednesday. But Tesla (NASDAQ:) shares were down 6.5% in premarket trading as Musk noted that ramping up production of the new vehicle would be challenging and Tesla also warned of sharp slowdown in sales…

HSBC comments centre on the USD, their outlook for the Federal Open Market Committee (FOMC), and how thats going to play out for major FX.In summary, analysts at the bank remain bearish on European FX, citing the central bank outlook, the geopolitical outlook, and domestic economy issues“As the gap between market pricing and central bank guidance remains wide, we expect USD strength to continue over the near term, notably against the EUR and GBP””Geopolitical risks will also carry scope to add further momentum to recent market moves” (strengthening US dollar) EUR and GBP also face domestic economic challenges, for which…

US DOLLAR OUTLOOK – EUR/USD, USD/JPY, GBP/USDThe U.S. dollar lost ground on Wednesday despite better-than-expected U.S. economic data, but the tide may turn in its favor in the coming daysMarket attention now turns to the fourth-quarter U.S. GDP reportThis article examines the U.S. dollar technical outlook, with a focus on three major FX pairs: EUR/USD, USD/JPY and GBP/USDMost Read: US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE NextThe U.S. dollar retreated on Wednesday despite better-than-anticipated PMI results, but the tide could turn in its favor over the coming days, especially if key U.S. economic data continues to surprise…

Share: EUR/USD knocks back after a firm rally as safe-haven bids step up. US PMI beats take center stage as rate cut hopes wither further. A beat for the EU Manufacturing PMI helped kick off a EUR/USD climb. The EUR/USD drove back into the high side near 1.0930 on Wednesday after markets shrugged off a miss for pan-European Purchasing Managers Index (PMI) figures before a follow-up beat in US PMIs sent risk appetite skidding back into the safe havens. The pair gained over a full percent bottom-to-top climbing from the previous day’s low of 1.0821 before getting pushed…