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financeporter

The US dollar rebound continues to reach new highs in 2023. Prices have consecutively broken through levels of 105.78, 106.00, and 106.5 since Monday, and the bullish trend appears to be accelerating. The 10-year Treasury bond yield has surged to a 16-year high The root of this move lies in the Federal Open Market Committee (FOMC) rate decision last week:...

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With the Fed's hawkish policy of keeping interest rates high. As a result, U.S. dollar yields continue to rise, attracting a large amount of capital inflows into the United States, and the U.S. dollar hits a new high in 2023. The U.S. dollar has been climbing since July this year, reaching its strongest level against major currencies. The rise in the dollar was...

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Based on two key economic indicators, wage growth and inflation, both have exhibited stubbornness, and the Bank of England is preparing to halt its planned rate hike scheduled for this Thursday. In fact, both wage growth and service sector inflation, the two critical indicators guiding the Bank of England's policy decisions, have exceeded market expectations from...

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Is the end of negative interest rates in Japan on the horizon, and will the yen experience a resurgence? Bank of Japan Governor Ueda has expressed hawkish comments on the negative interest rate policy, leading to an uptick in the yen against all top ten currencies. By year-end, the Bank of Japan may have sufficient information to determine whether wages will...

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Economic policies remain unchanged, Australian Reserve Bank hints at "interest rate hike." The Reserve Bank of Australia plans to keep interest rates unchanged at 4.1% in the final meeting under the presidency of Philip Lowe. This decision aligns with the growing indications that its tightening policy is slowing down inflation and limiting the damage to the...

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On Tuesday, the US dollar edged slightly higher against a basket of currencies, approaching a two-month high touched last week, rising by 0.2% to 103.57. The index was just below the two-month high of 103.68 reached last week, as worries about China's economy and expectations of sustained high US interest rates boosted the dollar. Overall market volatility is...

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The European Central Bank conducts a monthly survey of consumer inflation expectations, and its report shows that 12-month inflation expectations have decreased from 3.9% three months ago to 3.4%. The three-year outlook has decreased from 2.5% to 2.3%. ECB staff indicated last week that underlying inflation may have already peaked. The German economy entered the...

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After the Bank of Japan made an unexpected adjustment to its yield curve control program, the yen depreciated. Last month, the Bank of Japan announced that it would "flexibly" control the 10-year yield, allowing it to fluctuate around 0.5% and buying government bonds at 1% every business day, effectively creating a higher upper limit. Governor Kazuo Ueda's rare...

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EURUSD technical indicators are uncertain, but the fundamental bias is leaning towards the Euro. The correction in the EURUSD currency pair has paused, but the overall technical picture remains unclear. Conflicting technical indicators make it difficult to predict the market's future trend. Investors should closely monitor the technical trends in the market,...

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Strong data pushes against dovish policy, driving the rise of the US dollar in the forex market. The US economy has shown faster growth than expected in the second quarter, as the labor market's resilience supported consumer spending and businesses increased equipment investment, which may prevent an economic recession. According to a report from the Department of...

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In the ever-changing global energy market, BP, the British oil company, has demonstrated resilience. Facing geopolitical challenges and supply disruptions from the Russia-Ukraine war and OPEC+ decision to limit global production, BP stands at the forefront of the dynamic changes in global energy supply and benefits from the persistent energy inflation that has...

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Trade tensions between China and the US resurface, with oil reserves being the primary target. According to the data provided on the website, the US is considering blocking the sale of oil reserves to China in the defense bill. This measure could have a significant impact on energy trade between the two countries. The defense bill is an important law passed by...

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The US office market is facing challenges, with a decline in the 10-year Treasury yields, and the value of distressed US offices reaching $24.8 billion, surpassing that of malls. This trend indicates a severe challenge in the distressed office market. Distressed offices refer to office buildings facing rising vacancy rates, declining rental income, and financial...

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WTI crude oil futures for August closed down by 1.91% at $75.42 per barrel, with a weekly cumulative increase of 2.1%. Brent crude oil futures for September closed down by 1.83% at $79.87 per barrel, with a weekly cumulative increase of 1.8%. While crude oil prices experienced a bearish reaction over the weekend after approaching the $77 mark, there is a...

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The US dollar's status as a global reserve currency refers to foreign central banks and official institutions holding assets denominated in dollars, such as government bonds and securities of US institutions/companies. According to recent data from the International Monetary Fund's COFER, the share of the US dollar as a global reserve currency declined to 58.6% in...