By Iain Withers and Vidya Ranganathan LONDON/SINGAPORE (Reuters) -The yen fell against the dollar on Monday in calmer currency market trading after volatile moves last week, while investors weighed the odds of a deep Fed rate cut next month ahead of a slew of U.S. economic data. The respite follows a tumultuous week that began…
USDThe dollar starts the week in a quiet fashion after a very volatile week which saw it break out of recent ranges against its main counterparts, notably the EUR and JPY. With a busy calendar slated for this week for US releases, the market will nevertheless be very focused on the CPI release on Thursday….
As indicated by the USD/CHF chart today, the rate is around 0.868 francs per US dollar, although it dropped below 0.85 last Monday. The main driver of this surge in volatility (with the ATR indicator reaching its highest point since March 2023) was the decline in the Japanese stock market, which we covered twice last…
2024 world oil demand growth forecast seen at 2.11 mil bpd (previously 2.25 mil bpd) 2025 world oil demand growth forecast seen at 1.78 mil bpd (previously 1.85 mil bpd) On the change, OPEC says that softening expectations for China’s oil demand is the main reason for that. But the bloc maintains that despite a…
Investing.com – Citi Research has turned increasingly bearish on risk, and recommends selling any rallies. At 07:00 ET (11:00 GMT), EUR/USD traded 0.1% higher at $1.0926, having dropped around 0.3% over the course of the last week. The U.S. bank flagged last month that it was turning bearish on risk, citing that volatility tends to…
Failed crypto exchange FTX has been ordered by a court in the US to pay $12.7bn as compensation to people who lost money when it collapsed. This decision comes months after founder Sam Bankman-Fried was jailed for 25 years for his part in the company’s financial meltdown. The Commodity Futures Trading Commission (CFTC) decided the…
Media reports described the first full week of stock trading in August 2024 as a “wild week” filled with unexpected dips and a shaky recovery towards Friday 9 August 2024. The S&P 500 experienced its worst Monday and best Thursday since 2022 on 5 and 8 August 2024 respectively, typifying the seesawing markets. Based on…
2024.08.12 2024.08.12 Yen Triggers Market Turmoil. Forecast as of 12.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ For an extended period, the yen was constrained by the considerable disparity between the Fed and Bank of Japan interest rates. However, in late July and early August, the currency managed to overcome this roadblock, triggering a significant market turmoil. Let’s discuss this…
Gold continues to edge higher as fears of an escalation of the Gaza conflict and falling interest-rate expectations support the metal. US inflation data out this week could color expectations of the trajectory for interest rates. The precious metal is trading in an up leg within a sideways trend, with a risk it could extend…
PulseWave Scalper EA Review: A Detailed Overview of Its Capabilities and Limitations In the fast-paced world of forex trading, precision and speed are essential for success, especially for traders who rely on scalping strategies. The PulseWave Scalper EA, designed for the MetaTrader 4 (MT4) platform, offers a sophisticated solution for those looking to capitalize on…