USD/JPY – 04.10.2024 – Orbex Forex Trading Blog

On Monday, US stock indices showed moderate optimism amid cautious hopes for a 45‑day ceasefire. By the end of the day, the Dow Jones (US30) rose by 0.36%. The S&P 500 (US500) gained 0.44%. The tech‑heavy NASDAQ (US100) closed the session up 0.54%. The Canadian dollar strengthened to 1.39 per US dollar, taking advantage of…

The euro is virtually unchanged on Thursday, trading at 1.1692 in the European session. ECB expected to maintain rates The European Central Bank meets later on Thursday and the money markets have priced in a hold at close to 100%, which would keep the key deposit rate at 2.0%. The ECB has cut rates by…

On Wednesday, Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of its HKEX Data Marketplace, a web-based platform designed to provide users with access to HKEX’s historical and reference data. The platform is said to feature a modern and intuitive user experience, featuring multiple data delivery options such as cloud transfer for enhanced…

Mon: Chinese Industrial Profit (Dec), German Ifo (Jan), US New Home Sales (Dec) Tue: ECB BLS (Q1); US Durable Goods (Dec), Richmond Fed (Jan), Tech Earnings Wed: FOMC, Riksbank, BoC & BCB Policy Announcements; Australian CPI (Dec), German GfK (Feb), EZ M3 (Dec) Thu: ECB & SARB Policy Announcements, CBRT Minutes (Jan), RBA Bulletin; EZ…

EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 high next. However, firm break of 1.1662 support will indicate the the rebound from 1.1408 has completed, and bring deeper…

The Australian dollar is coming off a positive week and has extended its gains on Monday. In the North American session, AUD/USD is trading at 0.6556, up 0.27% on the day. Earlier, the Aussie rose as high as 0.6560, its highest level since August 11. With US markets closed for Labor Day, we’re unlikely to…