KVB Market Analysis | 19 August: JPY Gains Ground on USD Amid Rate Cut Uncertainty and Strong GDP Data
JPY is strengthening against USD after Japan's strong GDP growth raised prospects of a Bank of Japan rate hike. The USD/JPY pair, initially boosted by a strong USD and higher Treasury yields, is now pressured by uncertainty over a potential US rate cut, with traders debating between a 25 or 50 basis point reduction.
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XAUUSD Technical Analysis
FBS Ranked Among Top 5 Best Brokers by FXStreet
FBS has been recognized as one of the best Forex brokers in 2024 by FXStreet!
Giraffe Markets Introducing Broker (IB) Program Feature List
The Giraffe Markets Introducing Broker (IB) Program offers a rewarding and supportive partnership opportunity for individuals and organizations looking to grow their business in the financial markets. With competitive commissions, advanced tools, and dedicated support, Giraffe Markets is committed to empowering its IB partners for success.
Global Financial Shifts: Currency Trades, Market Rebounds, and Strategic Business Moves
This article explores the recent revival of yen carry trades, and the anticipated re-entry of quantitative funds into U.S. markets. It also covers the impacts of Typhoon Lan on Japan, Kamala Harris's new economic policy proposal. These developments highlight the dynamic shifts in global financial markets and the strategic responses from businesses and governments.
Japan Powers Asian Stocks to Best Week in a Year – Asia Market Wrap
Asian equities soared as traders returned to risk assets amid growing optimism that the US economy will avoid a recession. The yen is poised for its worst week since May.
Expectations of Fed interest rate cuts continue to fall, US dollar rises on Thursday Economic data suppresses expectations of a 50 point interest rate cut, but geopolitical situation still provides support
On Thursday (August 15th), strong US economic data led traders to reduce their bets on the Federal Reserve's interest rate cuts.
Dollar Rebound on Upbeat U.S. Economic Indicators
stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, eased recession fears and bolstered the dollar's strength in the last session.
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Market Review | August 16, 2024
Quiet Before the Storm? Markets Poised for a Relaxed Week
For June 2024, Canada's CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. The FOMC meeting minutes from July 2024 indicated that the Federal Reserve decided to maintain the federal funds rate within the target range of 5.25% to 5.50% and revealed a shift in the Fed's focus. The latest data on U.S. Initial Jobless Claims, for the week ending...
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Market Review | August 16, 2024
KVB Market Analysis | 16 August: USD/JPY Forecast: Short-Term Bearish Trend Amid Dollar Consolidation
This year's arbitrage gains have been erased, with 65%-75% of these positions closed. The dollar's reaction has been as expected but slightly disappointing, with a significant 100 basis point rise in U.S. short-term interest rates impacting it. JPMorgan has reduced its dollar forecasts, now predicting USD/JPY at $146 in Q4 2024 and $144 in Q2 2025, down from $147. Despite a weakening job market, other economic data remains strong.
The U.S. dollar index returned to the 103 mark; gold once plunged nearly $40 from its intraday high!
The monthly rate of retail sales in the United States in July was 1%, far exceeding expectations; the number of initial claims last week was slightly lower than expected, falling to the lowest level since July; traders cut their expectations of a rate cut by the Federal Reserve, and interest rate futures priced that the Federal Reserve would reduce the rate cut to 93 basis points this year. The probability of a 50 basis point rate cut in September fell to 27%. The data broke the expectation of a
FBS Increases Leverage on U.S. Indices to 1:500
FBS is excited to announce a significant update in trading conditions for our clients: starting from August 5th, 2024, the leverage on major U.S. indices, including US30, US100, and US500, is increased from 1:200 to 1:500.
【MACRO Insight】Tonight We Welcome Two "Data Bombs" Again, Will the Federal Reserve's Interest Rate Cut Expectations Be Reassessed?
the latest release of CPI data in the United States has led to increased expectations in the market that the Federal Reserve will cut rates by 25 basis points at the September meeting, while expectations for a 50 basis point rate cut have weakened. Market analysts estimate that the specific rate cut by the Federal Reserve will be determined by the August employment data to be announced, and Federal Reserve Chairman Powell may pave the way for a rate cut at the Jackson Hole symposium. Although th
Wall Street Rally on Soft CPI
The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has heightened expectations that the Federal Reserve may implement its first rate cut in September.
Global Markets Watch: Economic Signals, Leadership Changes, and Market Movements Across Asia, Europe, and the US
Today's global market update highlights key economic developments, including concerns over the US labor market, Japan's economic rebound, and China's property market stabilization. Leadership transitions in Japan and Thailand add political uncertainty, while market reactions to major companies like Nike and tech advancements in AI showcase shifting dynamics. International diplomacy and geopolitical tensions remain critical as global financial landscapes continue to evolve.
US CPI fell back below 3% after three years; gold surged and then fell!
The annual rate of the overall CPI in the United States in July was 2.9%, the first time it has returned to the "2-digit" since March 2021, slightly lower than the expected 3%; the monthly rate rebounded from -0.1% to 0.2% as expected. At the same time, the year-on-year growth rate of the core CPI in July fell to 3.2%, and the month-on-month growth rate rebounded from 0.1% to 0.2% as expected. After the data was released, traders lowered their expectations of a 50 basis point rate cut by the Fed
KVB Market Analysis | 15 August: Gold Prices Drop Sharply Following U.S. CPI Report and Fed Rate Cut Expectations
Spot XAU/USD dropped nearly $18, closing below $2,450, after the latest U.S. CPI report reduced hopes for a significant Fed rate cut. The CPI rose 0.2% in July, with a notable increase in rent, particularly "owner's equivalent rent," which accelerated to 0.36%, contributing to the market's disappointment.
Today's Financial Forecast
Market Review | August 15, 2024