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Last Notes

2024-09-23 07:06:02

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#note1eyl…drjl

2024-09-23 07:05:50

Bitcoin Nears ‘Double Botttom Breakout’ Ahead of Key US Data, China Stimulus
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Bitcoin is approaching a 'double bottom breakout' after a 20% rise, potentially targeting $77,500; the cryptocurrency formed a local low of around $52,500 two weeks prior; key US economic data, including PCE and jobless claims, is due this week; Fed Governor Christopher Waller indicated possible quarter-point rate cuts in November and December; a larger half-point cut may occur if labor data on Sep. 26 shows weakness; China's PBOC lowered the 14-day reverse repurchase rate to stimulate the economy; Pan Gongsheng, the governor of China's central bank, will hold a press briefing to discuss financial support; Bitcoin's resistance level is around $64,000, with a bullish outlook supported by moving averages and RSI near 64.
#Bitcoin #Cryptocurrency #UsEconomy #ChinaStimulus #FedRateCuts #DoubleBottomBreakout #Pce #JoblessClaims #EconomicData #MarketAnalysis
https://www.fxempire.com/forecasts/article/bitcoin-nears-double-botttom-breakout-ahead-of-key-us-data-china-stimulus-1462942

2024-09-15 20:59:15

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#note1mgx…zz0s

2024-09-15 20:59:04

Solana Price at Risk: Traders Mount $150M SHORT Contracts, 3-Days from Fed Decision
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Solana price peaked at $139 on Sept 13, 2024, before dropping to $130 on Sept 15; traders are mounting $150 million in SHORT positions ahead of the US Fed rate decision on Sept 17; the Non-Farm Payrolls report showed 142,000 jobs added in August, a 37% increase from July; CPI data indicates inflation at an all-time high of 314.80 points; bearish sentiment is growing as traders anticipate a potential rate pause or hike; Solana's price dipped 2.81% to $133.38 on Sept 15; key support at $120.62 and resistance at $159.68; a successful defense of $120 could lead to a bullish reversal towards $150.
#Solana #Crypto #Trading #UsFed #ShortPositions #MarketAnalysis #Inflation #Employment #PricePrediction #BearishSentiment
https://www.fxempire.com/forecasts/article/solana-price-forecast-sol-price-at-risk-traders-mount-150m-short-contracts-3-days-from-fed-decision-1461229

2024-09-13 04:05:50

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#note19tf…g08j

2024-09-13 04:05:38

BTC Price Forecast: Fed Rate Cut Bets Fuel Demand Ahead of Consumer Sentiment Report
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Bitcoin rebounds by 1.43% to $58,500 on September 12, 2024; U.S. jobless claims rise to 230k, increasing Fed rate cut expectations; BTC-spot ETFs see $39 million inflows, excluding iShares Bitcoin ETF; Michigan Consumer Sentiment Index expected to rise from 67.9 to 68.0 on September 13; a stronger sentiment could dampen rate cut expectations; BTC remains below 50-day and 200-day EMAs; potential resistance at $60,365; support at $52,884; Ethereum and XRP also analyzed.
#Bitcoin #FedRateCut #ConsumerSentiment #Etfs #MarketAnalysis #Cryptocurrency #Inflation #EconomicData #Investing #Finance
https://www.fxempire.com/forecasts/article/btc-price-forecast-fed-rate-cut-bets-fuel-demand-ahead-of-consumer-sentiment-report-1460784

2024-09-07 07:15:17

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#note1pkr…ex4s

2024-09-07 07:15:06

Five Things to Know in Crypto This Week: Ripple Filing Spurs SEC Appeal Speculation
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US jobs report impacts crypto demand as bets on a 50-basis point Fed rate cut subside; BTC-spot ETF market outflows sink BTC, with Grayscale Bitcoin Trust seeing outflows of $160.7 million; speculation about SEC appeal in Ripple case rises after Ripple filed for a stay on the $125 million penalty on September 4; XRP down 4.44% to $0.5234; Coinbase shares tumble 19.64% to $147.35 despite positive legal developments; total crypto market cap down 5.23% to $1.865 trillion from September 2 to September 7.
#Crypto #Ripple #Sec #Xrp #Bitcoin #Coinbase #Etf #MarketTrends #Finance #Economy
https://www.fxempire.com/news/article/five-things-to-know-in-crypto-this-week-ripple-filing-spurs-sec-appeal-speculation-1459320

2024-09-07 06:34:23

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#note1z6k…rvw7

2024-09-07 06:34:12

2024-08-23 02:49:39

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#note18k8…e7rz

2024-08-23 02:49:28

BTC Holds $60K as Fed Signals Smaller Rate Cut; Will Powell’s Speech Ignite a Bull Run?
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On August 22, 2024, BTC closed at $60,423 after a 1.16% decline, following a 3.50% rally. The total crypto market cap was $2.097 trillion. US jobless claims rose slightly, easing recession fears, while the S&P Global Services PMI unexpectedly increased, suggesting a 25-basis point rate cut by the Fed in September. The probability of a 50-basis point cut dropped from 38.0% to 26.5%. BTC-spot ETF inflows fluctuated, with Grayscale Bitcoin Trust experiencing $28.4 million in outflows. The US government holds 203,239 BTC, raising supply concerns. Fed Chair Powell's speech on August 23 at the Jackson Hole Symposium is anticipated to influence BTC demand. BTC's resistance levels are $64,000 and $69,000, while support is at $60,365 and $55,000. Ethereum (ETH) remains below key EMAs, with resistance at $2,664 and support at $2,403.
#Bitcoin #Ethereum #FederalReserve #RateCut #CryptoMarket #Powell #JacksonHole #Etf #EconomicData #MarketTrends
https://www.fxempire.com/forecasts/article/btc-holds-60k-as-fed-signals-smaller-rate-cut-will-powells-speech-ignite-a-bull-run-1455838

2024-08-19 04:50:40

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#note1gwy…q6hv

2024-08-19 04:50:29

Hang Seng and Mainland China Stocks Gain on Stimulus Hopes, Nikkei Dips on Stronger Yen
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China's Q2 economic slowdown at 4.7% fuels stimulus speculation; Hang Seng Index rises 1.39% on August 19, 2024; Nikkei 225 falls 0.45% due to stronger Yen; US equity markets show positive trends with Nasdaq up 5.29% for the week; Michigan Consumer Sentiment Index increases from 66.4 to 67.8; Beijing considers fiscal stimulus measures including cash support and early bond issuance; Alibaba rises 2.37%, Baidu 3.10%, Tencent 0.81%; ASX 200 edges up 0.04%; Westpac Banking Corp gains 2.36%; experts predict soft landing for US economy.
#HangSeng #Nikkei #Stimulus #China #UsEconomy #ConsumerSentiment #Stocks #Asx #Alibaba #Baidu
https://www.fxempire.com/forecasts/article/hang-seng-and-mainland-china-stocks-gain-on-stimulus-hopes-nikkei-dips-on-stronger-yen-1454700

2024-08-15 14:29:28

US Dollar Index (DXY) News: Bullish Momentum as Treasury Yields Surge on Strong Retail Data
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The US Dollar Index (DXY) surged as 10-year Treasury yields rose to 3.909% on the back of stronger-than-expected retail sales. Retail sales jumped 1% in July, beating forecasts and calming fears of an economic slowdown. The surge in Treasury yields and robust consumer spending alleviated concerns of a recession and boosted the strength of the US Dollar. Lower-than-expected initial jobless claims further drove the US Dollar higher. Inflation stabilized with July CPI at 2.9% annually, reinforcing the Federal Reserve's successful price control efforts. The combination of strong retail sales, stable inflation, and rising Treasury yields points to continued strength in the US Dollar in the short term.
#UsDollarIndex #Dxy #TreasuryYields #RetailData #Inflation #FederalReserve
https://www.fxempire.com/forecasts/article/us-dollar-index-dxy-news-bullish-momentum-as-treasury-yields-surge-on-strong-retail-data-1454044

2024-08-15 10:21:15

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#note1j6e…vys0

2024-08-15 10:21:04

Oil News: Crude Rebounds on Rate Cut Hopes but Bearish Demand Outlook Looms
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Oil prices edged higher on Thursday, partially recovering from Wednesday’s losses as traders bet on potential U.S. interest rate cuts to boost economic activity and fuel demand. However, the market remains under pressure due to persistent concerns about weaker global demand, particularly from China. Recent data has reinforced expectations of a rate cut by the Federal Reserve, which could stimulate the U.S. economy and increase demand for crude oil. The U.S. Energy Information Administration (EIA) reported an unexpected build in crude oil inventories, which also weighed on prices. The International Energy Agency (IEA) recently lowered its 2025 oil demand growth forecast, citing China’s sluggish economic performance. Despite this decline, China continued to add to its stockpiles, with an estimated 280,000 barrels per day (bpd) going into storage. The broader outlook for oil prices remains bearish, with significant upside potential only likely if geopolitical tensions in the Middle East escalate unexpectedly.
#OilPrices #RateCuts #GlobalDemand #China
https://www.fxempire.com/forecasts/article/oil-news-crude-rebounds-on-rate-cut-hopes-but-bearish-demand-outlook-looms-1453977

2024-08-15 01:24:13

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#note1k22…ret4

2024-08-15 01:24:02

AUD/USD Daily Forecast: Chinese Economic Data and Aussie Jobs in Focus
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Australian labor market data on August 15 could influence AUD/USD and the Reserve Bank of Australia's (RBA) rate decisions; Weak Chinese industrial production data may dampen Aussie demand, possibly driving AUD/USD toward $0.65000; US jobless claims data might increase recession fears, impacting AUD/USD trends through changing risk sentiment and rate bets; Economists forecast the unemployment rate to remain steady at 4.1% in July; Rising bets on an RBA rate hike could push the AUD/USD toward $0.70; Economists forecast industrial production in China to increase by 5.2% year-on-year in July; Weaker-than-expected numbers could also affect market risk sentiment, possibly pushing the AUD/USD toward $0.65000; Economists expect retail sales in China to rise by 2.6% year-on-year in July; Economists expect initial jobless claims in the US to increase from 233k in the week ending August 3 to 235k in the week ending August 10; Increasing bets on multiple 2024 Fed rate hikes may narrow the interest rate differential between the US and Australia, possibly pushing the AUD/USD toward $0.70; Short-term AUD/USD trends will hinge on the Aussie and US labor market data; A tighter Aussie labor market and looser US labor market conditions could push the AUD/USD toward $0.70 on narrowing interest rate differentials; A break above the 200-day and 50-day EMAs could support a move toward the top trend line; A breakout from the top trend line could give the bulls a run at the $0.67003 resistance level; A break below the $0.65760 support level may support a fall through the $0.65500 handle; With a 14-period Daily RSI reading of 49.97, the Aussie dollar may drop below the $0.65760 support level before entering oversold territory.
#Aud/usd #ChineseEconomicData #AussieJobs #LaborMarket #RbaRateDecisions
https://www.fxempire.com/forecasts/article/aud-usd-daily-forecast-chinese-economic-data-and-aussie-jobs-in-focus-1453840

2024-08-15 01:21:48

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#note1k7u…9494

2024-08-15 01:21:36

USD/JPY Daily Forecast: Will Japan’s Q2 GDP Support a Drop Below 146?
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Japan's Q2 GDP is expected to grow by 0.5%, reversing a Q1 contraction; private consumption trends will be crucial. The Bank of Japan downplays rate hikes to stabilize markets; Yen carry trade and global volatility remain key concerns. US economic data, particularly jobless claims, may shift Fed policy, impacting USD/JPY, potentially below 145.
#Usd/jpy #Japan'sQ2Gdp #BankOfJapan #YenCarryTrade #GlobalVolatility #UsEconomicData #JoblessClaims #FedPolicy
https://www.fxempire.com/forecasts/article/usd-jpy-daily-forecast-will-japans-q2-gdp-support-a-drop-below-146-1453834

2024-08-14 06:04:32

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#note1dku…9uwm

2024-08-14 06:04:21

DAX Index Today: Bullish Streak Extends to Six Sessions Amid Rate Cut Bets
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The DAX index extended its winning streak to six sessions, gaining 0.48% on August 13 and closing at 17,812. The bullish trend was fueled by rising bets on multiple Fed rate cuts following a 0.1% increase in US producer prices in July. Hannover Re, SAP, and Infineon Technologies saw gains, while Volkswagen and Mercedes Benz Group experienced losses. Germany's ZEW Economic Sentiment tumbled from 41.8 in July to 19.2 in August, indicating a deteriorating economic outlook. Near-term DAX trends will depend on corporate earnings, the US CPI Report, and Eurozone employment data. Eurozone employment change, industrial production, and GDP figures are expected to be released on August 14. The US CPI Report, which could further influence rate cut expectations, will also be released on the same day. The DAX held above the 200-day EMA but below the 50-day EMA, indicating a bearish near-term but bullish longer-term price trend. A return to 18,000 could signal a run at the 50-day EMA, while a drop below the 17,615 support level and the 200-day EMA could lead to a fall toward the 17,003 support level. The 14-day RSI at 43.59 suggests a potential fall to the 17,003 support level before entering oversold territory.
#DaxIndex #RateCuts #CorporateEarnings #UsCpiReport #EurozoneEmploymentData
https://www.fxempire.com/forecasts/article/dax-index-today-bullish-streak-extends-to-six-sessions-amid-rate-cut-bets-1453582

2024-08-14 04:40:37

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#note1h2r…4ejy

2024-08-14 04:40:26

ASX 200: Tracks US Rally, Tech and Gold Stocks Lead Gains
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The ASX 200 and the Nikkei advanced, while the Hang Seng Index and the Mainland China equity markets saw red; Softer July US producer prices fueled speculation of multiple Fed rate cuts in 2024, driving demand for riskier assets; The US equity markets had a positive Tuesday, August 13, session with the Nasdaq Composite Index and S&P 500 rallying 2.43% and 1.68% respectively; Starbucks surged 24.50% after naming Brian Niccol as the new Chairman and CEO; Softer-than-expected US producer prices raised expectations of multiple 2024 Fed rate cuts on Tuesday; China's economic growth concerns linger after Q2 growth slowed to 4.7% ahead of crucial economic data on Thursday; The Hang Seng Index declined by 0.25% on Wednesday, with concerns about the Chinese economy overshadowing hopes of a Fed rate cut; The Nikkei Index was up 0.86% on Wednesday morning, with a steady USD/JPY supporting demand for Nikkei-listed stocks; The ASX 200 Index advanced by 0.61% on Wednesday morning, tracking the overnight gain in the US; Bank, gold, and tech stocks were the main contributors to the ASX 200 gains.
#Asx200 #UsRally #TechStocks #GoldStocks #FedRateCuts #ChineseEconomy
https://www.fxempire.com/forecasts/article/asx-200-tracks-us-rally-tech-and-gold-stocks-lead-gains-1453564

2024-08-14 03:59:23

2024-08-11 05:32:44

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#note1u4y…w0he

2024-08-11 05:32:33

The Week Ahead: US Inflation, UK Stats, and China’s Economy in Focus
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The week ahead will be pivotal for the US dollar, with a focus on inflation and labor market data. US producer prices will be released on Tuesday, followed by consumer inflation numbers on Wednesday. Retail sales and labor market data will be released on Thursday, and consumer sentiment figures on Friday. In the UK, labor market data, inflation numbers, GDP figures, and retail sales data will influence the Bank of England rate path. Economic data from Japan will impact the USD/JPY pair, while housing sector data from Canada will affect the Canadian dollar. Australian consumer confidence, wage growth, and labor market data will impact the Australian dollar. The Reserve Bank of New Zealand will announce its rate decision, and business PMI numbers from New Zealand will also be released. Economic data from China, including house prices, retail sales, industrial production, unemployment, and fixed asset investment, will be in focus. The article also provides an overview of other news and analysis in the financial markets.
#UsDollar #Inflation #LaborMarket #BankOfEngland #Uk #Gdp #RetailSales #ConsumerSentiment #Eur/usd #Eurozone #Germany #Ecb #Pound #Loonie #Canada #Aud/usd #AustralianDollar #Rba #KiwiDollar #Rbnz #Usd/jpy #JapaneseYen #BankOfJapan #China #HousePrices #IndustrialProduction #Unemployment #FixedAssetInvestment
https://www.fxempire.com/news/article/the-week-ahead-us-inflation-uk-stats-and-chinas-economy-in-focus-1452747

2024-08-11 05:32:10

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#note180v…tj38

2024-08-11 05:31:59

USD/JPY Forecast: Yen Volatility with Japan’s GDP and US Inflation in Focus
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The USD/JPY gained 0.09% in an action-packed weak that included a carry trade unwind and a slide to 141.684. Inflation and GDP numbers from Japan could influence the Bank of Japan rate path and USD/JPY trends. US inflation, labor market, and retail sales figures will impact Fed rate cut bets and interest rate differentials between the US and Japan. Bank of Japan Deputy Governor Uchida Shinichi held a press conference assuring the markets of no near-term rate hikes because of current market conditions. On Tuesday, August 13, producer prices will impact the USD/JPY. Economists forecast producer prices to increase by 3.0% year-on-year in July, up from 2.9% in June. On Thursday, August 15, preliminary GDP numbers for Q2 2024 will draw investor interest. Economists expect Japan’s economy to expand by 0.5% in Q2 2024 after a 0.5% contraction in Q1 2024. Rising producer prices and an improving macroeconomic backdrop would boost expectations of a Q4 2024 BoJ rate hike. Bloomberg Asia Pacific Chief Markets Editor David Ingles shared a chart on recent Yen volatility, stating, “What a week in Japan. To underscore how wild the market’s behaved recently, the only other two times stock swings were comparable was during the global financial crisis (green) and during the early 90s bubble burst (red).” On Tuesday, August 13, economists expect producer prices to increase by 0.1% in July, following a rise of 0.2% in June. On Wednesday, August 14, the US CPI Report will be a crucial data release. Economists forecast the annual core inflation rate to fall from 3.3% in June to 3.2% in July. On Thursday, August 15, jobless claims data will influence sentiment toward the US economy and the Fed rate path. Economists forecast initial jobless claims to fall from 233k in the week ending August 3 to 232k in the week ending August 10. On Thursday, US retail sales will also need consideration. Economists expect retail sales to increase by 0.3% in July after stalling in June. On Friday, August 16, US consumer confidence will spotlight the US economy. Economists expect the Michigan Consumer Sentiment Index to increase from 66.4 in July to 66.7 in August. FOMC member Michelle Bowman commented on inflation, the labor market, and the Fed rate path, stating, “I am not confident that inflation will decline in the same way as in the second half of last year. Should the incoming data continue to show that inflation is moving sustainably toward our 2% goal, it will become appropriate to gradually lower the federal funds rate to prevent monetary policy from becoming overly restrictive on economic activity and employment.” Near-term USD/JPY trends hinge on inflation numbers from Japan and the US, and US labor market data. Softer US inflation and labor market data could fuel bets on multiple 2024 Fed rate cuts and push the USD/JPY below 145. Moreover, higher producer prices and private consumption numbers from Japan could raise bets on a Q4 2024 BoJ rate hike and signal a USD/JPY drop toward 140.
#Usd/jpy #JapanGdp #UsInflation #BankOfJapan #FedRateCut
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-yen-volatility-with-japans-gdp-and-us-inflation-in-focus-1452752

2024-08-08 02:11:27

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#note1k5f…r3kr

2024-08-08 02:11:16

USD/JPY Forecast: Yen Volatility as BoJ and US Jobless Claims Influence Sentiment
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The Bank of Japan's Summary of Opinions on August 8 highlighted key points including the expectation of gradual increase in underlying inflation, upside pressure on prices, and the need for careful future policy. Bank of Japan Deputy Governor Uchida Shinichi reassured the markets regarding rate hikes. The USD/JPY gained 1.65% on August 7 but was down 0.58% on August 8. Market uncertainty could fuel a flight to safety and raise concerns of another Yen carry trade unwind-fueled market meltdown. US jobless claims could be crucial for sentiment toward the Fed's rate path. Economists forecast continuing jobless claims will fall from 1,877k to 1,870k. A weaker labor market could affect wage growth and reduce disposable income, potentially impacting the US economy. The Fed may respond with more aggressive rate cuts. Bets on a more dovish Fed rate path could support a USD/JPY drop toward 140. The USD/JPY price action shows bearish trends and a potential move toward the 148.529 resistance level or a fall toward the 143.495 support level. The 14-day RSI at 25.98 shows the USD/JPY in oversold territory. Central bank commentary and US jobless claims need consideration. The article also includes forecasts for AUD/USD and EUR/USD, as well as information about the author and forex brokers.
#Usd/jpy #BankOfJapan #UsJoblessClaims #YenVolatility #Forex
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-yen-volatility-as-boj-and-us-jobless-claims-influence-sentiment-1452057

2024-08-07 01:18:23

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#note1fkk…e78j

2024-08-07 01:18:12

USD/JPY Forecast: Investor Focus on Japanese Economic Indicators and Yen Trends
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On Wednesday, August 7, economic indicators from Japan will draw investor interest; Upbeat numbers could support a more hawkish Bank of Japan rate path and a stronger Japanese Yen; Japan’s Leading Economic Index may influence demand for the USD/JPY; Economists expect the Leading Economic Index to drop from 111.2 in May to 109.3 in June; The Bank of Japan reduced its Japanese Government Bond (JGB) purchases and unexpectedly raised interest rates; Rising fears of a US recession and hawkish BoJ commentary could signal a USD/JPY drop below 140.
#Usd/jpy #JapaneseEconomy #BankOfJapan #InterestRates #EconomicIndicators
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-investor-focus-on-japanese-economic-indicators-and-yen-trends-1451737

2024-08-04 10:25:27

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#note1l82…6wx2

2024-08-04 10:25:16

USD/JPY Weekly Forecast: Bearish Outlook on US Data and Hawkish BoJ Stance
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The USD/JPY tumbled 4.72% to 146.472 last week on BoJ and Fed monetary policy; Wage growth and household spending figures from Japan may boost demand for the Yen; US service sector PMI and jobless claims data could support investor bets on multiple 2024 Fed rate cuts; The Bank of Japan will release its Summary of Opinions on Thursday, August 8; Experts trade the markets with tastyfx; Alicia Garcia Herrero commented on the Bank of Japan’s monetary policy decision, stating...
#Usd/jpy #Boj #Fed #MonetaryPolicy #WageGrowth #HouseholdSpending #ServiceSectorPmi #JoblessClaims #SummaryOfOpinions
https://www.fxempire.com/forecasts/article/usd-jpy-weekly-forecast-bearish-outlook-on-us-data-and-hawkish-boj-stance-1450934

2024-08-04 06:17:32

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#note1x28…wsqq

2024-08-04 06:17:21

The Week Ahead: Services PMIs, The RBA, and the Chinese Economy in Focus
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The US ISM Services PMI on August 5 will influence US dollar demand and could fuel speculation about a hard US landing; US jobless claims on August 8 could raise bets on multiple 2024 Fed rate cuts; Euro area service sector PMIs on August 5 will affect EUR/USD demand and could raise investor bets on a September ECB rate cut; German factory orders on August 6 could pressure the ECB to consider multiple 2024 rate cuts; German industrial production and trade data on August 7 may signal a further deterioration in demand and support a more dovish ECB rate path; UK services PMI on Monday could fuel speculation about a Q4 2024 Bank of England rate cut; Canadian trade data on Tuesday could signal a weakening demand environment and support a more dovish Bank of Canada rate path; RBA interest rate decision and press conference on Tuesday could fuel Aussie dollar demand if there is an unexpected interest rate hike; New Zealand unemployment rate on Wednesday could fuel speculation about a possible RBNZ interest rate cut; Japan's finalized Services PMI on Monday could raise investor bets on a Q4 2024 Bank of Japan rate hike; average cash earnings and household spending in Japan on Tuesday could impact buyer demand for the Yen; China's Caixin Services PMI on Monday could impact market risk sentiment; China's trade data on Thursday will draw interest and softer imports and exports would signal a weakening demand environment; China's inflation figures on Friday would suggest weaker demand and economic growth; investors should consider chatter from Beijing about a fiscal stimulus package; FOMC members Mary Daly and Thomas Barkin are scheduled to speak; NAB Business Confidence numbers on Thursday could signal a pullback in spending and job creation in Australia
#ServicesPmis #Rba #ChineseEconomy #UsDollar #Ecb #BankOfEngland #BankOfCanada #AussieDollar #Rbnz #BankOfJapan #Yen #Inflation #Fomc #NabBusinessConfidence
https://www.fxempire.com/news/article/the-week-ahead-services-pmis-the-rba-and-the-chinese-economy-in-focus-1450898

2024-08-03 06:05:58

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#note1ztx…pzrf

2024-08-03 06:05:47

Bitcoin (BTC) News Today: US Jobs Report and Creditor Repayments Sink BTC
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Bitcoin (BTC) tumbled by 5.40% on Friday, August 2, ending the session at $61,786. The US Jobs Report intensified investor fears of a US economic recession, and Genesis Trading repayments impacted buyer appetite for BTC. US BTC-spot ETF market-related news and supply-demand trends require consideration. The US Jobs Report sent US recession warnings, with wage growth slowing and the unemployment rate rising. The US BTC-spot ETF market saw total net outflows of $280.2 million. MicroStrategy announced its quarterly financial results, including the acquisition of 12,222 BTC and plans for a $2 billion BTC buying spree. Genesis Trading began repaying its creditors, coinciding with Mt.Gox and the US government making repayments as well. BTC sat below the 50-day EMA while hovering above the 200-day EMA. ETH sat well below the 50-day and 200-day EMAs. BTC and ETH price movements depend on US BTC-spot ETF flow data and supply-demand trends.
#Bitcoin #UsJobsReport #CreditorRepayments #BtcspotEtfMarket
https://www.fxempire.com/forecasts/article/bitcoin-btc-news-today-us-jobs-report-and-creditor-repayments-sink-btc-1450868

2024-07-26 06:24:52

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#note1l9u…sk2g

2024-07-26 06:24:41

Silver (XAG) Daily Forecast: $27.70 as U.S. GDP Grows 2.1%, Awaiting Fed’s Move
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Silver (XAG/USD) is currently experiencing a downturn, trading around $27.71, reflecting broader market trends. Recent data revealed a robust U.S. GDP growth rate of 2.1% for the second quarter, surpassing expectations and signaling a strong economic outlook. This could diminish the appeal of silver as a safe haven. The upcoming Federal Reserve meeting is expected to maintain the status quo on interest rates but may hint at a possible rate cut in September, which typically benefits precious metals like silver. Geopolitical uncertainties, such as the U.S. presidential election, could drive investors towards silver for its safe-haven properties. In the short term, silver faces downward pressure, with support levels at $27.42, $26.96, and $26.54. The 50-day EMA is at $29.24, indicating a bearish trend. The outlook remains bearish below $28.06.
#Silver #Xag/usd #UsGdp #FederalReserve #InterestRates #SafeHaven #GeopoliticalUncertainties #ShorttermForecast #TechnicalOutlook
https://www.fxempire.com/forecasts/article/silver-xag-daily-forecast-27-70-as-u-s-gdp-grows-2-1-awaiting-feds-move-1448892

2024-07-25 14:30:52

US Dollar (DXY) Index News: Traders Eyeing 200-Day Moving Average for Direction
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The US Dollar Index is trading flat as Q2 GDP grows 2.8%, surpassing economists' forecasts of 2.4%. Traders are focusing on next week's Fed meeting for clues on future monetary policy, including potential interest rate cuts later this year. The Dollar's performance is balanced between strong GDP and weak manufacturing data, with the PMI index at 49.5 indicating sector contraction. Gold prices experienced a sharp decline despite mixed signals from Treasury yields and the Dollar. Traders should closely monitor the upcoming Fed meeting and Friday's PCE price index release for potential market-moving developments.
#UsDollar #Gdp #FedMeeting #InterestRateCuts #ManufacturingData #GoldPrices
https://www.fxempire.com/forecasts/article/us-dollar-dxy-index-news-traders-eyeing-200-day-moving-average-for-direction-1448751

2024-07-25 10:26:39

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#note1l8k…ldm0

2024-07-25 10:26:28

Oil News: Mixed Demand Signals Pressure Prices Lower
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U.S. crude inventories fell by 3.7 million barrels; China's 2024 oil imports and refinery runs lag behind 2023 levels; Alberta wildfires disrupt oil production at major sites like Suncor's Firebag; Oil prices are lower on Thursday as traders weighed mixed demand signals and inventory data; China’s oil imports and refinery runs have trended lower in 2024 compared to 2023, reflecting weaker fuel demand amid sluggish economic growth; Efforts to reach a ceasefire in Gaza between Israel and Hamas have gained momentum; wildfires in Canada’s Alberta province threaten oil production; Refinery margins are being squeezed, with crack spreads falling to very low levels; Concerns over a potential oil market surplus in 2025 are adding to bearish sentiment; The short-term outlook for oil prices appears bearish; Light crude oil futures are lower, poised to challenge the 200-day moving average at $75.90
#Oil #Demand #Prices #Inventory #China #Wildfires #Refinery #Gaza #Ceasefire
https://www.fxempire.com/forecasts/article/oil-news-mixed-demand-signals-pressure-prices-lower-1448677

2024-07-25 04:12:11

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#note1thq…aa53

2024-07-25 04:12:00

Hang Seng Index, Nikkei Index, ASX 200: Yen Gains and Tech Rout Trigger Sharp Losses
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Asian equity markets suffer heavy losses; US equity markets set the tone with heavy losses in the tech sector; Growth concerns about China and a stronger Japanese yen impact market risk sentiment; Hang Seng Index declines by 1.09% with tech stocks dragging the index down; Nikkei Index tumbles by 2.76% as USD/JPY drops below 153; ASX 200 Index is down 1.17% with tech stocks leading the losses; Chinese economy expands by 4.7% in Q2 2024, falling short of market expectations; Lack of meaningful fiscal stimulus from China raises doubts about meeting 5% growth forecast for 2024.
#HangSengIndex #NikkeiIndex #Asx200 #Yen #TechRout #Losses #UsEquityMarkets #China #JapaneseYen #GrowthConcerns #TechStocks #Usd/jpy #ChineseEconomy #FiscalStimulus
https://www.fxempire.com/forecasts/article/hang-seng-index-nikkei-index-asx-200-yen-gains-and-tech-rout-trigger-sharp-losses-1448624

2024-07-25 01:26:27

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#note1v7d…dtkd

2024-07-25 01:26:15

USD/JPY Forecast: Yen Surges on BoJ Monetary Policy Speculations
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Speculation about the July Bank of Japan monetary policy decision will likely intensify on Thursday, July 25; The Japanese Yen may awaken, with the BoJ considering a rate hike and cuts to Japanese Government Bond purchases; US GDP and jobless claims data may influence the Fed rate path on Thursday; On Wednesday, July 24, the Jibun Bank Services PMI increased from 49.4 to 53.9, boosting demand for the USD/JPY; The Bank of Japan recently stated the need for the services sector to drive inflation; A recent Reuters Poll showed that 76% of economists expect the BoJ to hold interest rates steady in July; The Bank of Japan needs to consider the effects of the weak Yen on import prices and household spending; The Bank of Japan will announce its plans to cut JGB purchases on July 31; A stronger Yen would address concerns about the effects of a weak Yen on the Japanese economy; US GDP figures will draw investor attention on Thursday; US Jobless Claims could influence investor bets on a September Fed rate cut; A more dovish Fed rate path would narrow interest rate differentials and signal a USD/JPY drop below 150.
#Usd/jpy #BankOfJapan #MonetaryPolicy #RateHike #JapaneseGovernmentBond #UsGdp #JoblessClaims #Inflation #InterestRates #Yen
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-yen-surges-on-boj-monetary-policy-speculations-1448599

2024-07-24 00:37:31

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#note1kvg…g9rt

2024-07-24 00:37:20

USD/JPY Forecast: Market Eyes Services PMI for Clues on Yen and BoJ Policy
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On Wednesday, July 24, private sector PMI numbers from Japan will garner investor interest; The Jibun Bank Services PMI may influence expectations of a July Bank of Japan rate hike; The all-important US Services PMI also requires consideration; A higher Services PMI may raise investor expectations of a July Bank of Japan rate hike; The services sector contributes about 70% to the Japanese economy; Rising job creation and input/output prices could further increase expectations of a July BoJ rate hike; The Bank of Japan needs the services sector to fuel headline inflation; The Japanese government reiterated concerns about the weak Yen; Bank of Japan Deputy Governor Ryozo Himino highlighted the weak Yen’s impact on the economy; Some economists believe reducing JGB purchases would address the Yen’s weakness more sustainably; Economists forecast the S&P Global Services PMI to fall from 55.3 in June to 54.4 in July; A lower-than-expected services PMI could raise expectations of multiple 2024 Fed rate cuts; Slower service sector activity may impact employment trends and wage growth; USD/JPY trends hinge on the July services PMIs, Tokyo inflation, and the US Personal Income and Outlays Report; A USD/JPY return to 156 could support a move toward the 50-day EMA; A drop below the 155 handle could bring the 200-day EMA and the 151.685 support level into play.
#Usd/jpy #ServicesPmi #BankOfJapan #Yen #Inflation #Economy #UsServicesPmi #FedRateCuts
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-market-eyes-services-pmi-for-clues-on-yen-and-boj-policy-1448284

2024-07-23 04:31:22

Hang Seng Index, ASX 200, Nikkei Index: HSI Dips with Trade and PBoC Moves in Focus
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The Hang Seng Index and Mainland China struggled with concerns about trade and the Chinese economy; The US equity markets, including the Nasdaq Composite Index and the S&P 500, rallied; The US Presidential Election Race was a focal point after President Biden’s withdrawal; The People’s Bank of China surprised the markets with policy measures to bolster the Chinese economy; The Hang Seng Index declined by 0.10% on Tuesday morning; The Nikkei Index advanced by 0.25% on Tuesday; The ASX 200 Index rose by 0.70% on Tuesday morning; Investors should remain alert with US politics and the Chinese economy remaining in focus.
#HangSengIndex #Asx200 #NikkeiIndex #TradeTensions #ChineseEconomy #UsEquityMarkets #UsPresidentialElectionRace #People’sBankOfChina #PolicyMeasures #HangSengTechIndex #NasdaqCompositeIndex #S&p500 #NikkeiIndex #Asx200Index #UsPolitics
https://www.fxempire.com/forecasts/article/hang-seng-index-asx-200-nikkei-index-hsi-dips-with-trade-and-pboc-moves-in-focus-1448015

2024-07-22 08:33:00

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#note1ysc…w2w6

2024-07-22 08:32:48

EUR/USD, GBP/USD, DXY Price Forecast: DXY at $104.25; Key PMI Data and GDP Ahead
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Last Friday, UK retail sales fell sharply by 1.2%, indicating weakening consumer confidence and an economic slowdown; Eurozone PMI data will be released this week, potentially impacting EUR/USD; UK Flash Manufacturing and Services PMI forecasts positive, potentially boosting GBP/USD; U.S. economic data, including Flash PMI and GDP, to influence Dollar Index this week; The Dollar Index (DXY) is trading at $104.278, down 0.07%; EUR/USD is trading at $1.08820, up 0.10%; GBP/USD is trading at $1.29181, up 0.09%
#Eur/usd #Gbp/usd #Dxy #Pmi #Gdp #UkRetailSales #EurozonePmi #FlashManufacturingPmi #FlashServicesPmi #UsEconomicData #DollarIndex
https://www.fxempire.com/forecasts/article/eur-usd-gbp-usd-dxy-price-forecast-dxy-at-104-25-key-pmi-data-and-gdp-ahead-1447625

2024-07-22 04:25:59

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#note16e0…tsrx

2024-07-22 04:25:48

Hang Seng Index, ASX 200, Nikkei 225: HSI Up Amid US Uncertainty and PBoC Rate Cuts
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The Hang Seng Index rose on July 22 despite negative market sentiment in Asia due to US President Joe Biden withdrawing from the US Presidential Election race. The People’s Bank of China unexpectedly cut one-year and five-year loan prime rates, which supported the Hang Seng Index. The US tech sector experienced a decline due to a global IT outage caused by a Crowdstrike software update. The Dow and Nasdaq Composite Index ended the Friday session down, while the S&P 500 declined. Biden's withdrawal from the election race could increase Trump's chances of winning, potentially leading to increased US-China trade tensions. The People's Bank of China cut loan prime rates and the Reserve Requirement Ratio to boost the Chinese economy. The Hang Seng Index and tech stocks in Hong Kong saw gains, while mainland China's equity markets declined. The Nikkei Index in Japan also slid, and the ASX 200 Index in Australia fell due to losses in mining, oil, and banking stocks. The Chinese economy expanded by 4.7% in Q2 2024, down from 5.3% in Q1. Traders should monitor US politics and the Chinese economy for potential impacts on market risk appetite.
#HangSengIndex #Asx200 #Nikkei225 #UsUncertainty #PbocRateCuts
https://www.fxempire.com/forecasts/article/hang-seng-index-asx-200-nikkei-225-hsi-up-amid-us-uncertainty-and-pboc-rate-cuts-1447620

2024-07-17 01:31:00

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#note1v99…92h9

2024-07-17 01:30:48

AUD to USD Forecast: Westpac Leading Index and RBA in Focus
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On Wednesday, July 16, the Westpac Leading Index and the RBA will be in focus. Economists forecast the Index to increase by 0.2% in June after stalling in May. The Index gives a snapshot of the Australian economic outlook. Key components include unemployment expectations and consumer sentiment. Upward consumer sentiment trends and improving sentiment toward the labor market could influence the RBA rate path. After a hotter-than-expected Australian Monthly CPI Indicator, a higher-than-expected increase in the Leading Index could leave an RBA rate hike on the table. Bloomberg TV APAC Chief Markets Editor David Ingles said the inflation numbers led to a 50:50 chance of a September Fed rate cut. Westpac Chief Economist Luci Ellis projected a November RBA rate cut. US housing sector data and FOMC Member speeches will draw investor interest. Economists expect housing starts to increase by 3.1% in June after sliding by 5.5% in May. Additionally, economists predict building permits to rise by 0.5% in June after falling by 2.8% in May. Higher-than-expected housing data may boost demand for the US dollar, impacting the AUD/USD pairing. FOMC voting Members Thomas Barkin and Christopher Waller are on the calendar to speak. Views on inflation, the economic outlook, and the timing for a Fed interest rate cut could move the dial. Near-term AUD/USD trends may depend on labor market data. Tighter Aussie labor market conditions could greenlight a Q3 2024 RBA rate hike. Conversely, looser US labor market conditions may fuel speculation about a July Fed rate cut. The AUD/USD remained well above the 50-day and 200-day moving averages, affirming the bullish price signals. An AUD/USD break above the $0.67500 handle would support a move to the $0.67967 resistance level. A breakout from the $0.67967 resistance level could give the bulls a run at the $0.68500 handle. An AUD/USD drop below the $0.67003 support level could give the bears a run at the 50-day EMA. With a 14-period Daily RSI reading of 57.70, the AUD could move above the $0.67967 resistance level before entering overbought territory.
#Aud/usd #WestpacLeadingIndex #Rba #EconomicIndicators #UsHousingSector #Fomc #LaborMarket #PriceAction
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-westpac-leading-index-and-rba-in-focus-1446509

2024-07-17 01:28:44

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#note1ru9…k8dv

2024-07-17 01:28:33

USD/JPY Forecast: Strong Tankan Index and US Housing Data to Influence Yen
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The article discusses the factors that may influence the USD/JPY exchange rate. It mentions that the Reuters Tankan Index, which measures economic activity in Japan, is expected to increase from 6 in June to 11 in July. The article also highlights the importance of US housing sector data and speeches from FOMC members in influencing the Fed rate path. It notes that upbeat US housing data could drive buyer demand for the US dollar, while a more dovish Fed could impact buyer demand for the USD/JPY. The article concludes by stating that investors should monitor economic indicators and adjust their trading strategies accordingly.
#Usd/jpy #ExchangeRate #ReutersTankanIndex #UsHousingSectorData #FomcMembers #FedRatePath
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-strong-tankan-index-and-us-housing-data-to-influence-yen-1446518

2024-07-16 06:13:16

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#note1059…6723

2024-07-16 06:13:05

DAX Index Today: Economic Sentiment and US Retail Sales Key to DAX Moves
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The DAX declined by 0.84% on Monday, July 15, ending the session at 18,591. German ZEW Economic Sentiment numbers will be in focus on Tuesday, July 16. Later in the session on Tuesday, US retail sales also require consideration. Siemens Energy AG slid by 4.94% over concerns about a Trump re-election. Auto stocks contributed to the DAX’s losses amidst concerns about demand. The Chinese economy grew by 4.7% year-on-year in Q2, down from 5.3% in Q1. Industrial production across the Euro area fell by 2.9% year-on-year in May after a decline of 3.1% in April. On Tuesday, ZEW Economic Sentiment figures could highlight Germany’s economic troubles. Economists expect the German ZEW Economic Sentiment Index to fall from 47.5 in June to 42.5 in July. On Monday, Fed Chair Powell said that Q2 US inflation figures gave the Fed increasing confidence that inflation was returning to the 2% target. Later in the Tuesday session, US retail sales require investor consideration. Economists forecast retail sales to stall in June after a 0.1% rise in May. Near-term trends for the DAX depend on US retail sales (Tues), Euro area inflation numbers (Wed), and the ECB press conference (Thurs). The DAX remained above the 50-day and 200-day moving averages, affirming the bullish price signals. A DAX breakout from the Monday high of 18,744 could signal a move to the May high of 18,893. Conversely, a DAX break below the 18,500 handle could bring the 50-day EMA into play.
#DaxIndex #EconomicSentiment #UsRetailSales #GermanZewEconomicSentiment #SiemensEnergyAg #AutoStocks #ChineseEconomy #EuroArea #FedChairPowell #UsInflation #MovingAverages
https://www.fxempire.com/forecasts/article/dax-index-today-economic-sentiment-and-us-retail-sales-key-to-dax-moves-1446247

2024-07-14 08:59:14

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#note1287…ghqa

2024-07-14 08:59:03

USD/JPY Weekly Forecast: US Retail Sales and Japan Inflation in Focus
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The USD/JPY fell 1.78% to 157.900 last week as investors speculated about potential intervention to support the Yen. This week, higher-than-expected core inflation in June may increase bets on a Bank of Japan rate hike. Stalling US retail sales in June could dampen inflation and support a Fed rate cut in September.
#Usd/jpy #UsRetailSales #JapanInflation #BankOfJapan #FedRateCut
https://www.fxempire.com/forecasts/article/usd-jpy-weekly-forecast-us-retail-sales-and-japan-inflation-in-focus-1445837

2024-07-14 04:17:21

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#note1qkv…39za

2024-07-14 04:17:10

The Week Ahead: Will Powell and Lagarde Greenlight September Rate Cuts?
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The article discusses the upcoming events and factors that could influence investor expectations of a September rate cut by the Federal Reserve and the European Central Bank. It mentions that Fed Chair Powell, US retail sales, and labor market data will be important in shaping expectations. The article also highlights the possibility of a September interest rate cut by the ECB and the impact of Q2 GDP numbers from China and updates from the Communist Party’s Third Plenum on market risk sentiment. It provides a detailed overview of the key events and data releases for the week ahead, including their potential impact on currencies and central bank policies.
#FederalReserve #EuropeanCentralBank #InterestRateCuts #UsDollar #RetailSales #LaborMarket #Inflation #EcbMonetaryPolicy #GermanRetailSales #ZewEconomicSentiment #TradeData #UkInflation #BankOfEngland #CanadianInflation #AustralianLaborMarket #NewZealandInflation #JapaneseYen #ReutersTankanIndex #Q2GdpNumbers #China #MarketRiskSentiment
https://www.fxempire.com/news/article/the-week-ahead-will-powell-and-lagarde-greenlight-september-rate-cuts-1445805

2024-07-12 01:12:16

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#note13hg…yh4l

2024-07-12 01:12:05

AUD to USD Forecast: Will Chinese Trade Data Propel the Australian Dollar?
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On July 12, trade data from China could influence the Australian economy and the Aussie dollar. Economists forecast exports to increase 8.0% year-on-year in June, signaling an improving demand environment. Higher imports may indicate a sustained increase in demand. China accounts for one-third of Australian exports, and increased demand could fuel job creation and wage growth. Rising wages can increase disposable income, fuel consumer spending, and demand-driven inflation. However, trade wars between China and the West could adversely affect the Australian economy and the Aussie dollar. Tariffs on exports from China could result in a marked decline in exports. Investors should monitor China's trade data to assess the impact of tariffs on exports. Later in the session on July 12, US producer prices and consumer sentiment figures will also need consideration. Softer US producer prices and inflation expectations could raise bets on a September Fed rate cut. Additionally, upbeat trade data from China could fuel appetite for the Aussie dollar.
#AudToUsdForecast #ChineseTradeData #AustralianEconomy #AussieDollar #TradeWars #Tariffs #UsProducerPrices #ConsumerSentiment #FedRateCut
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-will-chinese-trade-data-propel-the-australian-dollar-1445453

2024-07-08 04:16:21

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#note1fmt…je5l

2024-07-08 04:16:09

Hang Seng Index, Nikkei 225, ASX 200: HSI and ASX 200 Fall on China Woes
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The Hang Seng Index, Nikkei 225, and ASX 200 all fell due to concerns about the Chinese economy. The Hang Seng Index slid by 1.40%, while the ASX 200 declined by 0.44%. Real estate and tech stocks saw heavy losses in Hong Kong, while mining and oil-related stocks contributed to the losses in Australia. The Asian equity markets struggled despite rising bets on a September Fed rate cut. Average hourly earnings figures from Japan tested investor bets on a July Bank of Japan rate hike. Average hourly earnings increased 1.9% year-on-year in May after rising 1.6% in April, lower than economists' expectations. Iron ore prices also tumbled over concerns about the Chinese economy. The Nikkei Index rose by 0.04% on Monday morning, while the Shenzhen Composite and CSI 300 in Mainland China saw losses. Overall, investor uncertainty about the July BoJ monetary policy decision and the Chinese economic outlook tested buyer demand for riskier assets.
#HangSengIndex #Nikkei225 #Asx200 #ChinaEconomy #AsianEquityMarkets
https://www.fxempire.com/forecasts/article/hang-seng-index-nikkei-225-asx-200-hsi-and-asx-200-fall-on-china-woes-1444350

2024-07-02 04:38:01

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#note1zgf…yv3t

2024-07-02 04:37:49

Bitcoin (BTC) News Today: BTC Holds Strong at $62K Amid US Labor Market Caution
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Bitcoin (BTC) advanced by 0.24% on Monday, July 1, closing at $62,894. Caution prevailed on Monday as investors awaited crucial US economic indicators that could dictate the Fed rate path. US labor market data, Fed Chair Powell, and US BTC-spot ETF market flow trends require investor consideration on Tuesday, July 2. Weaker-than-expected US ISM Manufacturing PMI numbers supported buyer demand for BTC. The ISM Manufacturing PMI fell from 48.7 to 48.5 in June. Furthermore, the ISM Manufacturing Employment PMI dropped below the crucial 50 level, falling from 51.1 to 49.3. BTC reacted to the ISM survey-based data, rising to a session high of $63,845 before retreating below the $63,000 handle. Despite the weaker labor market indicators, the chances of a September Fed rate cut improved marginally. According to the CME FedWatch Tool, the probability of the Fed holding interest rates unchanged in September slipped from 35.9% to 35.2% on Monday. The US JOLTs Job Openings Report (Tues), weekly Jobless Claims (Wed), and US Jobs Report (Fri) will likely influence BTC price trends more. The US BTC-spot ETF market could reflect investor sentiment toward the Fed rate path. On Monday, July 1, the US BTC-spot ETF market headed for a five-day inflow streak. According to Farside Investors, Grayscale Bitcoin Trust (GBTC) reported zero net flows on Monday after outflows of $27.2 million on Friday, June 28. Bitwise Bitcoin ETF (BITB) had net inflows of about $40.0 million. BTC remained below the 50-day EMA but sat above the 200-day EMA. The EMAs confirmed the bearish near-term signals but bullish longer-term trends. A BTC move through the $64,000 resistance level could give the bulls a run at the 50-day EMA. A break above the 50-day EMA could signal a move to the $69,000 resistance level. US labor market data, US BTC-spot ETF market flow data, and Fed chatter require consideration. On the other hand, a break below the $60,365 support level would bring the 200-day EMA into play. With a 43.99 14-Daily RSI reading, BTC may drop below the 200-day EMA before entering oversold territory.
#Bitcoin #Btc #UsLaborMarket #FedRatePath #IsmManufacturingPmi #BtcspotEtf #GrayscaleBitcoinTrust #BitwiseBitcoinEtf
https://www.fxempire.com/forecasts/article/bitcoin-btc-news-today-btc-holds-strong-at-62k-amid-us-labor-market-caution-1442692

2024-07-02 01:11:42

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#note1hzj…cz54

2024-07-02 01:11:30

USD/JPY Forecast: Market Eyes 10-Year JGB Auction for Yen Price Cues
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On July 2, a 10-year Japanese Government Bond Auction could attract interest as the Yen languishes around 161.5 against the US dollar. Bank of Japan monetary policy-related chatter and government intervention threats require consideration. The auction's results may reflect confidence in the Japanese economy and fiscal position, impacting Yen strength relative to its peers. The Bank of Japan's plans to cut JGB purchases in the July Monetary Policy Meeting and the possibility of intervention or BoJ measures to bolster the Yen are also factors to consider. The US JOLTs Job Openings Report and Fed Chair Powell's remarks will be in the spotlight as well. The USD/JPY trends depend on intervention threats, BoJ commentary, US labor market data, and Fed Chair Powell.
#Usd/jpy #JapaneseGovernmentBondAuction #Yen #BankOfJapan #UsJoltsJobOpeningsReport #FedChairPowell
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-market-eyes-10-year-jgb-auction-for-yen-price-cues-1442676

2024-07-02 01:11:19

AUD to USD Forecast: RBA Balancing Act: Inflation vs. Economic Growth
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The RBA Meeting Minutes from the June 17-18 RBA Monetary Policy Meeting may influence buyer appetite for the Hawkish Shift: The Surprising RBA Stance in June. The RBA Board tilted its Rate Statement to a more hawkish tone, adding the following text to the May statement, ‘And will do what is necessary to achieve that outcome.’ The May Rate Statement said, ‘The Board remains resolute in its determination to return inflation to target.’ Furthermore, RBA Governor Michele Bullock discussed the possible need for another rate hike to tackle sticky inflation. Inflation Surge: Is Australia Heading for Another Rate Hike? Importantly, since the RBA monetary policy decision, the Aussie Monthly CPI Indicator signaled an increase in inflationary pressures. The Australian inflation rate rose from 3.6% to an incredible 4.0%. For perspective, the Monthly CPI Indicator fell from 5.6% in September 2023 to 3.4% in December 2023 and remained at 3.4% until an upward trend resumed in March 2024. The RBA Meeting Minutes could provide further clues on whether the Board would raise interest rates at any cost. Leading labor market indicators have signaled a deterioration in labor market conditions. Another rate hike may also send the Australian economy into recession for only the second time in almost 30 years. A willingness to hike rates at the expense of households, the labor market, and the economy could be a green light for a Q3 2024 hike. With the markets expecting a September Fed rate cut, rising bets of an RBA hike could send the AUD/USD pairing to the $0.67500 handle. The Australian economy expanded by 0.1% in Q1 2024. Higher interest rates could spike borrowing costs, reduce disposable income, and cripple household spending. Private consumption contributes over 50% to the Australian economy. A slump in household spending could all but guarantee an Australian economic contraction. Australian household spending increased by 0.4% in Q1 2024.
#Rba #InterestRates #Inflation #EconomicGrowth #Aud/usd
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-rba-balancing-act-inflation-vs-economic-growth-1442490

2024-06-30 05:36:51

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#note1jw8…gpch

2024-06-30 05:36:40

The Week Ahead: US Job Report, Elections, and Euro Area Inflation in Focus
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The article discusses the key events and economic indicators that will be in focus in the upcoming week. On Monday, the June ISM Manufacturing PMI numbers will be released, followed by the JOLTs Job Openings report on Tuesday. Wednesday will be a pivotal day for the US dollar, with ADP nonfarm employment change, jobless claims, and ISM Services PMI data being released. The highlight of the week will be the June US Jobs Report, which will provide insights into wage growth, unemployment rate, and nonfarm payrolls. Geopolitical events such as the French Elections and the UK General Election will also be closely watched. In the Eurozone, finalized manufacturing PMI, German inflation numbers, and preliminary inflation figures for the Eurozone will be released. The focus will also be on the ECB commentary and the ECB monetary policy meeting minutes. In the UK, finalized manufacturing and services PMI numbers, house price data, and the UK General Election will be the main events. In Canada, trade data and employment figures will impact the Canadian dollar. Australia will release job ads, finalized manufacturing PMI, RBA Meeting Minutes, and trade data. New Zealand will release business confidence figures. Japan will release finalized manufacturing PMI, consumer confidence numbers, Tankan Survey-based reports, and household spending data. China will release Caixin Manufacturing and Services PMI numbers. Overall, the week will be crucial for central bank decisions and market sentiment.
#UsJobReport #Elections #EuroAreaInflation #EconomicIndicators #UsDollar #IsmManufacturingPmi #JoltsJobOpenings #AdpNonfarmEmploymentChange #JoblessClaims #IsmServicesPmi #UsJobsReport #FrenchElections #UkGeneralElection #Ecb #Rba #BankOfJapan #CaixinManufacturingPmi #CaixinServicesPmi
https://www.fxempire.com/news/article/the-week-ahead-us-job-report-elections-and-euro-area-inflation-in-focus-1442192

2024-06-26 23:59:45

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#note1m8z…6tcu

2024-06-26 23:59:34

USD/JPY Forecast: Can Retail Sales Drive Yen Gains Amidst BoJ Speculation?
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On Thursday, June 27, retail sales figures from Japan will warrant investor attention amidst speculation about a July Bank of Japan (BoJ) rate hike. Economists forecast retail sales to fall by 0.5% in May after rising by 1.2% in April. A larger-than-expected decline in retail sales could reflect the effects of a weaker Yen on private consumption. BoJ Deputy Governor Ryozo Himino recently warned about the effects of a weaker Yen on the economy. Later in the session on Thursday, US jobless claims, durable goods orders, and finalized Q1 GDP numbers will garner investor attention. Economists expect initial jobless claims to fall from 238k to 236k in the week ending June 22. A larger-than-expected fall in jobless claims could reduce investor bets on a September Fed rate cut.
#Usd/jpy #RetailSales #BankOfJapan #Speculation #Economy #Yen #Investors #RateHike #JoblessClaims #DurableGoodsOrders #Gdp #FedRateCut
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-can-retail-sales-drive-yen-gains-amidst-boj-speculation-1441341

2024-06-26 08:43:07

Silver (XAG) Daily Forecast: Double Bottom Support Near $28.70; Buy Now?
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Silver (XAG/USD) remains under pressure around $28.95, hitting an intra-day low of $28.71. The decline is driven by a strong US dollar and risk-on market sentiment. Geopolitical tensions, including Russia-Ukraine and Middle East conflicts, support silver's safe-haven appeal. Traders are closely watching the final Q1 GDP print and the Personal Consumption Expenditures (PCE) Price Index report for further direction. The US dollar's strength, driven by Fed comments, continues to pressure silver prices. The potential escalation of geopolitical tensions in the Middle East and the ongoing Russia-Ukraine conflict helped limit silver’s losses. Silver (XAG/USD) remains under pressure around $28.95, with key support at $28.71. Traders should monitor the final Q1 GDP and PCE Price Index releases for further direction.
#Silver #Xag/usd #Forecast #UsDollar #GeopoliticalTensions #MarketSentiment #Q1Gdp #PcePriceIndex
https://www.fxempire.com/forecasts/article/silver-xag-daily-forecast-double-bottom-support-near-28-70-buy-now-1441252

2024-06-25 01:14:32

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#note1wa9…a7cm

2024-06-25 01:14:21

USD/JPY Forecast: BoJ’s Yen Strategy Under Scrutiny Amid Economic Indicators
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Investors should monitor Japanese government comments and Bank of Japan views regarding the Yen. A return of USD/JPY to 160 could provoke intervention threats and signal the possibility of a July rate hike by the Bank of Japan. US consumer confidence numbers and Fed speakers also require attention. The Japanese government previously attempted to bolster the Japanese Yen, only for the USD/JPY to retarget the 160 handle on Monday, June 24. The BoJ disappointed the markets by holding interest rates steady and failing to signal a July rate hike. Recent private sector PMI numbers are unlikely to meet the requirements of the BoJ to hike interest rates. The BoJ needs the services sector and household consumption to fuel demand-driven inflationary pressures. The CB Consumer Confidence Index will draw investor interest. Economists predict the CB Consumer Confidence Index will fall from 102.0 to 100.0 in June. A drop below 100, for the first time since July 2022, could raise investor bets on a September Fed rate cut. FOMC members Lisa Cook and Michelle Bowman are on the calendar to speak. Views on the economic outlook, inflation, and the Fed interest rate trajectory could affect buyer demand for the US dollar. Near-term trends for USD/JPY will depend on commentary about Yen weakness, Japanese retail sales, and inflation data. Better-than-expected numbers from Japan could enable the BoJ to begin rate hike discussions. Yet, US consumer confidence and inflation figures could maintain interest rate differentials firmly in favor of the US dollar.
#Usd/jpy #BankOfJapan #JapaneseYen #EconomicIndicators #UsConsumerConfidence #FedSpeakers
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-bojs-yen-strategy-under-scrutiny-amid-economic-indicators-1440869

2024-06-25 01:13:25

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#note1csj…m28g

2024-06-25 01:13:14

AUD to USD Forecast: Can Falling Aussie Confidence Delay RBA Rate Hike?
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Australian consumer sentiment figures will be released on June 25. A decline in consumer confidence could impact consumer spending and inflationary pressures, potentially delaying an RBA rate hike. The Westpac Consumer Confidence Index is forecasted to fall by 0.1% to 82.0 in June. A larger-than-expected decline could ease fears of a rate hike. In May, the index fell by 0.3% to 82.2. The Australian CPI Monthly Indicator is expected to increase from 3.6% to 3.8% in May, which could support an RBA rate hike. US CB Consumer Confidence Index will also be released on June 25. Economists forecast a decline from 102.0 to 100.0 in June. A larger-than-expected decline may support expectations of a September Fed rate cut. FOMC member commentary on inflation and interest rate cuts should be monitored. Near-term AUD/USD trends will depend on inflation numbers. Rising threats of an RBA rate hike and expectations of a Fed rate cut could move AUD/USD toward $0.70.
#Aud/usd #RbaRateHike #ConsumerConfidence #Inflation #FedRateCut
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-can-falling-aussie-confidence-delay-rba-rate-hike-1440863

2024-06-23 15:42:33

Solana Price Analysis: SOL Traders Could Earn 80% Profits from Ethereum ETFs Launch
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Solana (SOL) price has consolidated above the $130 territory in the last 48 hours. Solana has cornered 42.6% of the Non-Ethereum based (Non-EVM) DeFi market, with an active TVL of $4.12 billion. The Solana DeFi ecosystem has attracted more than $951.7 million, accounting for 30.9% of the total funds flowing out of the Ethereum network. The impending launch of Ethereum ETFs is set to propel the funds flowing into the Solana DeFi ecosystem even higher in the coming months. If the inflows into the Solana DeFi ecosystem surge as predicted, SOL price is poised to experience considerable upside. Solana is currently trading at approximately $102.74, experiencing a modest gain of 1.62% within the daily timeframe on June 23. Key resistance levels to watch include $142.50 and $159.14, which could act as barriers to any upward movement.
#Solana #Sol #Cryptocurrency #EthereumEtfs #Defi #PriceAnalysis
https://www.fxempire.com/forecasts/article/solana-price-analysis-sol-traders-could-earn-80-profits-from-ethereum-etfs-launch-1440524

2024-06-23 06:37:13

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#note1hqq…5hph

2024-06-23 06:37:02

Silver Prices Forecast: Will a Strong Dollar Continue to Weigh on XAG/USD?
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Silver prices dropped nearly 4% last week due to a stronger U.S. dollar and rising bond yields. The U.S. dollar gained strength as Treasury yields rose, increasing the opportunity cost of holding non-yielding assets like silver. Recent economic data showed a 26-month high in U.S. business activity, reinforcing expectations of a resilient economy and diminishing the likelihood of near-term Federal Reserve rate cuts. Traders are watching upcoming GDP and Core PCE reports for silver market direction. In the short term, silver prices are likely to remain under pressure, but the long-term outlook remains bullish due to expectations of eventual Federal Reserve rate cuts, geopolitical uncertainties, and sustained industrial demand.
#SilverPrices #UsDollar #Xag/usd #BondYields #UsBusinessActivity #FederalReserveRateCuts #TreasuryYields #EconomicData #Gdp #CorePce
https://www.fxempire.com/forecasts/article/silver-prices-forecast-will-a-strong-dollar-continue-to-weigh-on-xag-usd-1440554

2024-06-23 05:12:48

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#note1pp6…05zs

2024-06-23 05:12:36

AUD to USD Weekly Forecast: RBA’s Tough Choices with CPI and Fed’s Influence
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The article discusses the weekly forecast for the AUD to USD exchange rate, focusing on the Reserve Bank of Australia's (RBA) tough choices with CPI and the influence of the Federal Reserve (Fed). On June 26, the Australian Monthly CPI Indicator could pressure the RBA towards an unwanted rate hike. Australian consumer confidence and inflation expectation numbers also warrant investor attention. The crucial US Personal Income and Outlays Report and Fed speeches will also require investor consideration. The article provides an overview of the AUD/USD performance in the previous week and highlights the upcoming key events and data releases that could impact the exchange rate. It mentions the Australian CPI Monthly Indicator, which could pressure the RBA into an August interest rate hike. The article also discusses the US Consumer Confidence and Personal Income and Outlays Report, which are pivotal for the Fed's rate path. It mentions the importance of FOMC member speeches and provides a short-term forecast for the AUD/USD exchange rate. The article is published on FXEmpire.
#Aud/usd #Rba #Cpi #Fed #ExchangeRate #Forecast
https://www.fxempire.com/forecasts/article/aud-to-usd-weekly-forecast-rbas-tough-choices-with-cpi-and-feds-influence-1440539

2024-06-21 08:14:42

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#note1hqq…5hph

2024-06-21 08:14:30

Silver (XAG) Daily Forecast: Nears $30.50, Downward Trendline May Drive Sell-off
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Silver (XAG/USD) is trading near $30.50 and reached an intraday high of $30.85. The rise is attributed to a weaker US dollar following disappointing economic data, reinforcing expectations of a Federal Reserve easing program. Market concerns about the US economy supported higher silver prices amid risk-off sentiment. The weakening US dollar and potential Fed rate cuts amid mixed economic data could support silver prices by lowering the dollar’s value and signaling economic uncertainty, bolstering safe-haven demand for precious metals. Silver (XAG/USD) is likely to remain bullish, supported by a weaker US dollar and economic uncertainty. Prices may hover around $30.85, with potential upward momentum if economic conditions persist.
#Silver #Xag/usd #UsDollar #FederalReserve #EconomicData #SafehavenDemand #PreciousMetals
https://www.fxempire.com/forecasts/article/silver-xag-daily-forecast-nears-30-50-downward-trendline-may-drive-sell-off-1440118

2024-06-20 01:26:37

USD/JPY Forecast: Eyes on BoJ Commentary Amid Weaker Japanese Yen Concerns
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On Thursday, June 20, Bank of Japan commentary warrants investor attention as the USD/JPY hovers around the 158 level. Recent economic indicators supported the BoJ decision to leave interest rates unchanged on June 14. However, the lack of commitment to hiking interest rates in the near term has dampened buyer appetite for the Japanese Yen. BoJ Deputy Governor Ryozo Himino recently spoke about the impact of a weaker Yen on the economy, "Exchange-rate fluctuations affect economic activity in various ways. It also affects inflation in a broad-based and sustained way, beyond the direct impact on import prices." The BoJ may wait for inflation and services PMI numbers on Friday before considering its next steps. Nevertheless, investors should monitor BoJ commentary. Later in the session on Thursday, the US labor market and manufacturing sector will be in focus. Economists forecast the Philly Fed Manufacturing Index to remain steady at 4.5. An unexpected slide in the Index could raise concerns about a US hard landing. However, the numbers may not materially influence the Fed rate path. The manufacturing sector contributes less than 30% to the US economy. On the other hand, US jobless claims data could influence investor expectations of a September Fed rate cut. Economists forecast initial jobless claims to fall from 242k to 235k in the week ending June 15. Lower-than-expected numbers could temper investor expectations of a Fed rate cut. Near-term trends for the USD/JPY will hinge on BoJ chatter, inflation numbers from Japan, and Services PMIs from Japan and the US. An increase in service sector activity in Japan and inflation figures exceeding expectations could prompt the BoJ to consider initiating rate hike discussions.
#Usd/jpy #BankOfJapan #JapaneseYen #InterestRates #EconomicIndicators #Inflation #ServicesPmi #UsLaborMarket #ManufacturingSector #PhillyFedManufacturingIndex #JoblessClaims #FedRateCut
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-eyes-on-boj-commentary-amid-weaker-japanese-yen-concerns-1439715

2024-06-20 01:26:15

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#note1f4m…wt0v

2024-06-20 01:26:04

AUD to USD Forecast: China’s Rates Decision and US Labor Data in Focus
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On Thursday, June 20, the People’s Bank of China will set the one-year and five-year loan prime rates. Economists expect the PBoC to leave the 1-year and 5-year loan prime rates (LPR) unchanged at 3.45% and 3.95%, respectively. Lower lending rates may increase borrowing, business investment, and consumer spending. China accounts for one-third of Australian exports. Australia has a trade-to-GDP ratio of over 50%, with 20% of its workforce in trade-related jobs. Better Australian labor market conditions could increase wages and disposable income and fuel consumer spending and demand-driven inflationary pressures. Later in the session on Thursday, US labor market and manufacturing sector data warrant investor attention. US jobless claims and the Philly Fed Manufacturing Index will likely influence the AUD/USD more. Economists forecast initial jobless claims to fall from 242k to 235k in the week ending June 15. A larger-than-expected fall in jobless claims could reduce investor expectations of a September Fed rate cut. Tighter labor market conditions would support uptrends in wage growth and disposable income. The Fed could respond by leaving interest rates unchanged. A higher-for-longer Fed rate path may raise borrowing costs and reduce disposable income and consumer spending.
#Aud/usd #China #UsLaborMarket #InterestRates #EconomicIndicators
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-chinas-rates-decision-and-us-labor-data-in-focus-1439709

2024-06-19 08:03:06

Silver (XAG) Daily Forecast: Around $29.40; Triangle to Signal Breakout
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Silver (XAG/USD) is trading around $29.40 with an intraday low of $29.34. Risk-on sentiment undermines silver, but mixed Fed signals limit deeper losses. Softer U.S. retail sales and inflation data pressure the dollar, supporting silver prices. The US dollar remains under pressure due to weaker retail sales and easing inflation data, increasing market expectations for Federal Reserve rate cuts. Global market sentiment was positive on Wednesday as the S&P 500 opened higher at 5,487.03, reaching an intraday high of 5,490.38. Positive global market sentiment and strong gains in the S&P 500 negatively impacted silver’s safe-haven appeal. Silver (XAG/USD) continues to trend downward, trading around $29.40. Immediate resistance is noted at $29.69, followed by $29.99 and $30.26. On the downside, immediate support is found at $29.03, with further support at $28.67 and $28.37.
#Silver #Xag/usd #Forecast #MarketSentiment #FederalReserve #UsDollar #RetailSales #InflationData #S&p500
https://www.fxempire.com/forecasts/article/silver-xag-daily-forecast-around-29-40-triangle-to-signal-breakout-1439475

2024-06-19 00:30:02

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#note1gcu…kanv

2024-06-19 00:29:50

USD/JPY Forecast: Reuters Tankan Index and Japan Trade Data Impact on BoJ Hike Bets
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The article discusses the impact of the Reuters Tankan Index and Japan trade data on the speculation of a July Bank of Japan (BoJ) interest rate hike. The Reuters Tankan Survey fell from 9 points to 6 points in June, signaling weakening sentiment in the manufacturing and non-manufacturing sectors. Trade data from Japan is also expected to be released, with economists forecasting an increase in exports and imports. However, the trade deficit is expected to widen, which could signal deeper economic issues. The article also mentions that central bank chatter, US housing sector data, and shifting sentiment regarding a possible Fed rate cut in September will influence the USD/JPY pairing. The USD/JPY price action is currently above the 50-day and 200-day moving averages, with a potential climb towards the April 29 high of 160.209. The article concludes by stating that near-term trends for USD/JPY will depend on central bank chatter, inflation numbers from Japan, and Services PMIs.
#Usd/jpy #ReutersTankanIndex #JapanTradeData #BojHikeBets
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-reuters-tankan-index-and-japan-trade-data-impact-on-boj-hike-bets-1439400

2024-06-17 11:55:13

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#note1da7…wh6m

2024-06-17 11:55:01

Silver Prices Forecast: Firm Dollar, Rising Treasury Yields Weigh
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Silver prices fell Monday as the U.S. dollar firmed and investors awaited clearer signals from the Federal Reserve on the timing of potential rate cuts. Hawkish comments from Fed officials, including Kashkari, suggest a December rate cut is most likely, affecting silver prices. U.S. Treasury yields ticked higher on Monday as the market digested Kashkari’s comments and priced in a later rate cut. Despite the current headwinds, silver could still benefit from a weaker dollar. This week’s key data point for silver is Tuesday’s U.S. retail sales figures. In the near term, silver faces headwinds from a potentially stronger dollar due to delayed Fed rate cuts. However, a dovish shift in Fed policy later this year, along with a weakening U.S. economy, could create a buying opportunity for silver prices.
#SilverPrices #UsDollar #FederalReserve #RateCuts
https://www.fxempire.com/forecasts/article/silver-prices-forecast-firm-dollar-rising-treasury-yields-weigh-1438797

2024-06-17 00:54:00

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#note1maf…9smw