In the absence of significant economic releases, the movement of the yen is generally driven by external factors. It is worth noting the latest comments of the new head of the Bank of Japan, Kazuo Ueda. Today, speaking in parliament, he said that the regulator will continue to achieve the central bank's inflation target of 2.0%, easing monetary policy, even though...
CRYPTOCURRENCY MARKET REVIEW The cryptocurrency market resumed active growth: BTC is trading around 30900.00 (+10.0%), ETH is at 2120.00 (+14.3%), USDT is around 1.0003 (+0.05%), BNB is at 335.00 (+7.1%), and USDC – around 0.9988 (+0.02%). The total market capitalization has grown to 1.288B dollars, and the share of BTC was 46.34%. The quotes are supported by...
MSCI's global equity index was down slightly on Monday after hitting record highs the week before as investors took a breath while they waited for the next batch of U.S. economic data. U.S. Treasury yields rose slightly while the dollar fell slightly against a basket of currencies including the euro although it gained ground slightly against the yen.
• Gold price oscillates in a narrow trading range around $2,035 on the softer USD. • Four Fed officials emphasized that they don’t see an urgent case to cut rates and more evidence of inflation data is needed. • The ongoing Middle East geopolitical tension might boost traditional safe-haven assets like gold. • The January Chinese Consumer Price Index (CPI) and...
The main reason for the upward dynamics was the escalation of the armed confrontation between Israel and Hamas, which led to instability in the market and forced investors to redirect their capital to shelter assets. The current consolidation is explained by the uncertainty of further developments. Thus, the United States and several other countries are making...
nvestors focus on the actions of the US Federal Reserve in the face of a significant decline in inflation, cooling of the labor market, and instability of the banking sector. Thus, Treasury Secretary Janet Yellen said that after the bankruptcy of Silicon Valley Bank and Signature Bank last month, conditions for access to credit could tighten, which would put...
- Litecoin (LTC) experiences intense volatility prior to its halving event. - The halving event is expected to reduce the mining reward for LTC from 25 to 12.5 coins. - Price fluctuations are observed as investors panic sell and others hold on to their positions. - The trading range remains relatively tight during this period. - Uncertainty surrounds the impact of...
The XRP/USD pair is gradually losing ground gained last month against a positive outcome for Ripple in a lawsuit against the US Securities and Exchange Commission (SEC).
Today, the XAU/USD pair has ambiguous dynamics: growth to the 1985.50 mark was replaced by a decline in quotations and now the price is in the 1981.50 area. In general, the pressure on prices over the past few weeks is due to the expected tightening of monetary policy by the world's leading regulators. Today, the RBA has already done this by raising the interest...
The XAU/USD pair shows flat dynamics, being located near 1960.00. Market activity remains subdued as market participants await the publication of new macroeconomic statistics, as well as the results of the US Federal Reserve and the European Central Bank (ECB) meetings. The European regulator may raise the interest rate by 25 basis points to 4.00%, while the US...
The XAU/USD pair is consolidating near 1955.00, while waiting for the publication of new drivers on the market. The focus of investors will be meetings of the Bank of England and the National Bank of Switzerland on the interest rate, which will be held on Thursday, June 22. Current forecasts suggest a 25 basis point increase by the UK regulator to 4.75%, while the...
Gold prices receded on Monday as the U.S. dollar and Treasury yields gained after traders digested Friday’s jobs report, with attention turning to U.S. inflation data later this week.
The UK stock market continues unstable dynamics against the background of an upward correction in the bond market, which even positive corporate reports cannot compensate for. Thus, the automaker Rolls-Royce Holdings plc recorded revenue growth to 6.950B pounds, exceeding the 6.059B pounds expected by analysts, and earnings per share of 0.0218 pounds compared to...
GBPJPY is trading weak for the third consecutive day on weak Pound sterling. It hit a low of 180.40 and is currently trading around 181.11.
The US currency is adding in value, recovering from a fairly active decline at the end of last week, when the USD/JPY pair retreated from local highs from July 7. At the moment, the quotes are held in the support area of 142.15–141.15, preparing to continue growing. On Friday, the USD was under pressure after the publication of the July labor market report. Thus,...
Market Roundup •U.S. private payrolls beat expectations in July, ADP says • US Indexes down: Dow 0.98%, S&P 1.38%, Nasdaq 2.17% •US Jul ADP Nonfarm Employment Change 324K, 189K forecast,497K previous •US Gasoline Inventories 1.480M,-1.300M forecast,-0.786M previous •US Distillate Fuel Production 0.080M, -0.005M forecast,-0.251M previous •US Gasoline...
American entertainment company Netflix Inc. shares remain in a corrective trend at around 422.00. Analysts are positive about the prospects for the company's shares: for example, Barclays Plc. updated the forecast, raising the target price to 375.0 dollars from 250.0 dollars earlier, despite maintaining the Equal-Weight rating, and also noted that over the past 2...
Recently, the media have been increasingly discussing closed meetings between the US and Iranian authorities, which take place with the mediation of Oman and Qatar. It is reported about stable negotiations between the financial departments, thanks to which part of the previously blocked Iranian funds in foreign banks has already been returned. Thus, experts note...