Trump’s Policies and Their Effect on the US Dollar
Facebook LinkedIn Former US President Donald Trump has frequently voiced his preference for a weaker US dollar. However, his core policies, focusing on tariffs, immigration, and taxes, are expected to strengthen the USD, according to a recent Macquarie report. Tariffs, Immigration, and Taxes Strengthening the Dollar Trump’s policies on tariffs and industrial regulations, along with […]
Japan’s Role in G20 Tackling Currency Volatility
Facebook LinkedIn Japan considers the reaffirmation of commitments against excessive foreign exchange volatility in the latest G20 joint communique a significant achievement, as stated by Finance Minister Shunichi Suzuki on Friday. “We believe there were major achievements at G20, such as the inclusion of the reaffirmed foreign exchange commitments in the joint communique,” Suzuki mentioned […]
How Recent Trends in Asian Currencies Reflect Economic Shifts
Facebook LinkedIn Most Asian currencies experienced minimal to declining movement on Friday, with the Chinese yuan showing significant volatility due to suspected intervention by the People’s Bank of China, while the U.S. dollar remained stable ahead of crucial inflation data. Weak risk appetite persisted among traders, leading to a general avoidance of regional currencies. The […]
Asian Currencies Struggle Amid Market Rout; Yen Surges on Safe Haven Demand and BOJ Rate Hike Hopes
Facebook LinkedIn Asian currencies experienced a flat-to-low range on Thursday as equity market turmoil led traders to avoid risk-driven assets. The dollar retreated ahead of key economic data releases, while the Japanese yen stood out by rallying to its strongest levels against the dollar in over two months. Yen Outpaces Peers on Safe Haven Demand […]
India’s Business Activity Surges in July, Driven by Strong Demand and Job Creation
Facebook LinkedIn India’s business activity surged to its fastest pace in three months this July, fueled by robust demand, particularly in the services sector. A recent survey revealed that companies hired at the quickest rate in over 18 years, reflecting sustained growth in the private sector. According to HSBC’s flash India composite purchasing managers’ index […]
How Biden’s Decision to End Re-Election Campaign Could Shape Currency Markets and Economic Policies
Facebook LinkedIn Market Update The U.S. dollar experienced a slight uptick on Monday in a relatively calm trading session as investors processed President Joe Biden’s decision to end his re-election campaign. This development could potentially inject more volatility into the currency market. However, the dollar weakened against the yen after two consecutive days of gains. […]
GBP/USD Under Bearish Pressure: Technical and Fundamental Analysis
Facebook LinkedIn The GBP/USD pair has come under significant bearish pressure, with recent movements pushing the pair below the lower limit of the ascending regression channel. The 4-hour chart’s Relative Strength Index (RSI) has also fallen below 40, indicating a bearish shift in the short-term outlook. This technical backdrop suggests increasing selling pressure and a […]
Asian Currencies Steady Amid Dollar Focus and Economic Data Anticipation
Facebook LinkedIn On Tuesday, most Asian currencies maintained stability, mirroring the steadiness of the dollar as traders awaited upcoming U.S. inflation data, which is poised to influence interest rate expectations. Japanese Yen Under Scrutiny Amid Weakness: The Japanese yen, in particular, drew attention due to its sustained weakness, prompting concerns about potential government intervention to […]
Why Investors Bullishly Anticipate Continued Upside in AAPL Stock?
Facebook LinkedIn Despite recent challenges, Apple (NASDAQ:AAPL) continues to assert its dominance in the tech industry, with its recent earnings report offering a glimmer of hope for investors. Additionally, the unveiling of the M4 chip powering the latest iPad Pro underscores Apple’s unwavering commitment to innovation in hardware. Now, Bernstein sheds light on what it […]
US Futures, Chinese Inflation, and Arm’s AI Drive Market Movement
Facebook LinkedIn The week kicks off with a positive sentiment on Wall Street, albeit with cautious optimism as traders brace for the release of crucial inflation data that could steer the market’s near-term trajectory. Here’s a roundup of the latest market developments: Futures Point Higher Ahead of CPI Release: U.S. stock futures edged higher on […]