Carry Trade The Japanese yen has surged in the forex market due to the rapid unwinding of carry trade positions, signaling a significant shift in currency dynamics. As the Bank of Japan (BOJ) prepares for its upcoming policy meeting, speculation about potential interest rate hikes and changes in monetary policy have intensified. This, coupled with …
Carry Trade Unwind Boosts Japanese Yen Dominance Read More »
Ethereum Climbs by experienced a notable rise on Friday, gaining nearly 5% amid a mixed performance by high-risk assets following important US inflation data. Despite this upward movement, the cryptocurrency is set to close the week with losses. Here’s a detailed look at the factors influencing Ethereum’s recent performance and the broader market context. Ethereum’s …
Ethereum Climbs by Nearly 5% But Registers Weekly Losses Read More »
Oil Price Slide to six-week lows, with Brent crude trading below $80 per barrel. This decline marks the third consecutive weekly loss for oil prices, driven by mounting concerns over weakening demand from China. As Chinese authorities strive to bolster economic performance through aggressive measures, the oil market is reacting to the drop in Chinese …
Oil Price Slide to Six-Week Trough on Chinese Demand Concerns Read More »
Dollar Moves has resumed its downward trend in European trade on Friday, slipping against a basket of major rivals. This decline comes as markets fully price in expected Federal Reserve rate cuts in September and November. Investors are now eagerly awaiting the release of US personal spending data for June, which will provide crucial insights …
Dollar Moves in a Negative Zone Ahead of US Spending Data Read More »
Yen Marks has displayed a remarkable performance this week, approaching 2-⅕ month highs against major currencies. This surge is primarily driven by traders unwinding carry trades ahead of the upcoming Bank of Japan (BOJ) meeting, coupled with growing inflationary pressures in Japan and anticipated interest rate cuts by the Federal Reserve (Fed). Yen’s Impressive Performance …
Yen Marks Stunning Weekly Performance After Unwinding Read More »
Yens Stunning Rise remarkable surge on Thursday against major currencies has significantly disrupted global markets. Extending its gains against the dollar, the yen scaled a 2-⅕ month high, leading to heavy selloffs, especially in the tech sector. This upheaval comes as traders rush to unwind carry trades before the Bank of Japan’s (BOJ) upcoming meeting, …
US Unemployment Claims are a crucial metric for understanding the health of the labor market. Recently, US unemployment claims fell to 235,000 for the week ending July 20, down from 245,000 in the previous week and below estimates of 237,000. This data is vital for economists and policymakers, as it provides insights into the economy’s …
