CFD

Why has the US dollar sunk in the lead up to the FOMC decision?

Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024. So, why is the US dollar underperforming to start this week? And does...

USD/JPY: Breaching 158.500 signals potential run to 160?

The JPY weakened below 158.200 against the dollar. It is the first time since May 1990 we have seen this exchange rate for the USD/JPY. The reason is being attributes to the Bank of Japan keeping interest rates unchanged last...

Fed decision preview: Zero rate cuts and EURUSD parity in 2024?

Expectations point to the Federal Open Market Committee maintaining interest rates at their current levels in the upcoming decision slated for May 1. However, fixed income markets suggest the possibility of rate cuts surfacing in either the July or September...

Gold recovers above $2,300: What’s next?

Gold managed to recover its losses yesterday (biggest daily slump in almost 2 years) on weak US PMI data. The thought here is that sluggish growth indicators might push the Federal Reserve towards an earlier interest rate cut (although don't...

BOJ to boost the yen this Friday?

In addition to the eagerly awaited US data slated for release this week, investors will be keeping a close eye on the Bank of Japan's interest rate decision scheduled for Friday....

USD & tech stocks: High-stakes week ahead?

Upcoming key economic indicators could reinforce the strength of the US dollar and the weakness in stocks over the coming week. Thursday's release of first-quarter gross domestic product and Friday's unveiling of the March core PCE deflator, the Federal Reserve's...

Australia’s Inflation Data Revealed Soon

Next week, Australia will unveil its latest inflation figures. Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance and seize trading opportunities....

Gold technical analysis amid Iran-Israel uncertainty

Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the Iran-Israel conflict. Israel's stance on retaliating against Iran revolves not around whether but when and how to strike back. Bezalel Smotrich, Israel's Finance...

Is BOJ’s intervention hiding behind inflation data?

Japanese inflation data is scheduled for release on Thursday, but its impact on the market might be subdued. Investors could prefer to pay attention to next week's quarterly growth and price forecasts from the Bank of Japan, which could be...
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