BOJ RATE HIKE BETS SET THE YEN ON FIRE The yen has gained 6% against the US dollar year-to-date. Increased bets on a BoJ rate hike due to recent data. Ongoing talks may influence future rate hike expectations. Continued policy divergence will drive the dollar/yen pair. The yen has
USD/JPY went up to 147.00 after hitting a five-month low. Japan's weaker Q4 GDP report helped the rebound. The Japanese Yen stays strong because of market worries and a weaker US Dollar.
AUD/USD stays below 0.6300 in Asian trading. Fears of a global trade war and geopolitical risks are keeping it weak. A weaker US Dollar isn’t helping much because of economic concerns. Investors are watching the US-Ukraine Summit for more clues.
US Inflation Data – This is very important for the US dollar, gold, and oil prices. Canadian Interest Rate Decision – Will impact Canada’s economy and currency. US Job Market Data – Shows the health of the US economy. UK Growth Data – Tells us how well the UK economy is doing. Market
An oil tanker and a cargo ship crashed in the North Sea near Lincolnshire. The crash caused a fire on both ships. The UK Maritime Rescue Service (RNLI) reported the accident on Monday. Four rescue teams went to help. Some people left the ships after the crash.
Gold prices have increased by more than 40% since January 2024. Goldman Sachs raised its price forecast for gold to $3,100 per ounce in 2025. The earlier forecast was $2,890 per ounce, but now they expect a higher price. Central banks are buying more gold, which is pushing
The US added more jobs in February than in January, but the overall job report was weaker than expected. Interest rates might change soon because of Trump's policies, which are causing confusion. Layoffs from Elon Musk’s Department of Government Efficiency happened after the data was collected, so
ETH EYES RECOVERY, BUT ETF OUTFLOWS WEIGH ON MARKET Ethereum (ETH) is trading at $2,010. Crypto ETFs have seen $4.75 billion in outflows over the past four weeks. Ethereum exchanges recorded their highest weekly net outflows last week. ETH is down 2% on Monday, hovering near the $2,
Bitcoin ETFs lost money for the fourth week in a row. Investors pulled out $800 million from 12 funds between March 3-5. The previous week saw even bigger outflows of $2.61 billion. In the last four weeks, total outflows reached over $4.5 billion. Macroeconomic issues are making investors
PBOC SETS USD/CNY CENTRAL RATE AT 7.1741 The central rate is set at 7.1741, lower than the estimated 7.2597. The PBOC uses a managed floating exchange rate with a +/- 2% fluctuation band. The daily midpoint guides the yuan’s value within the allowed range.
EUR/USD PRICE FORECAST: FURTHER GAINS STILL REMAIN IN THE PIPELINE EUR/USD faces resistance just below the 1.0900 mark. The US Dollar remains near multi-month lows. Ongoing uncertainty over tariffs impacts global markets. The pair remains near recent multi-month highs around 1.0830. EUR/USD stays above the
Commerzbank Prediction: Commerzbank lowered its price forecast for Brent crude oil in 2025. OPEC Decision: OPEC and its allies decided to slowly increase oil production. Reason for Increase: They are reducing efforts to limit supply and keep prices high. Market Condition: OPEC says the oil market is "healthy,"