Yen spikes on intervention nerves, ECB in focus
By Tom Westbrook SINGAPORE (Reuters) -Japan’s yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S.…
ECB Buoys Euro Keeping Rate Cut on Hold. Forecast as of 18.07.2024
As much as the market is focused on the Trump trade, the EURUSD movement depends on the different paces of Fed and ECB monetary policy. In 2024, the derivatives market…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 18.07.2024
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: Highlights and key points BTCUSD: A…
Explainer-What are Japan’s tactics based on latest suspected intervention?
TOKYO (Reuters) – Japan is suspected to have intervened in the foreign exchange market to prop up the yen on several occasions this month, underscoring its discomfort over the pain…
Gold prices remain close to record highs as rate cut cheers persists
Investing.com– Gold prices rose in Asian trade on Thursday, remaining close to record highs as weakness in the dollar, amid increased bets on U.S. interest rate cuts, supported the yellow…
Yen spikes as spectre of intervention spooks investors
By Tom Westbrook SINGAPORE (Reuters) -Japan’s yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S.…
Asia FX flat amid US-China trade jitters; yen steady amid intervention chatter
Investing.com– Most Asian currencies tread water on Thursday amid concerns over stricter U.S. trade restrictions on China, while the Japanese yen steadied after strengthening sharply this week on suspected intervention. …
Gold shines on rising Fed rate-cut outlook
By Ashitha Shivaprasad (Reuters) – Gold prices edged higher on Thursday, trading not too far away from a record high scaled in the previous session, as rising anticipation of a…
Oil prices rise on bigger-than-expected draw in US inventories
Investing.com– Oil prices rose in Asian trade, extending a recent rebound as a bigger-than-expected draw in U.S. inventories ramped up bets on tighter supplies and improving demand in the world’s…
Japanese yen surges, USDJPY tumbles amid suspected intervention
Investing.com– The Japanese yen firmed sharply against the dollar on Wednesday and Thursday, with the USDJPY pair dropping to an over one-month low amid speculation that the government had intervened…
