KVB Market Analysis | 23 August: JPY Gains Ground Against USD as BoJ Signals Possible Rate Hike
JPY strengthened against the USD, pushing USD/JPY near 145.00, driven by strong inflation data and BoJ rate hike expectations. Japan's strong Q2 GDP growth added support. However, USD gains may be limited by expectations of a Fed rate cut in September.
KVB Market Analysis | 22 August: Gold Stays Strong Above $2,500 as Fed Rate Cut Hints Loom
Gold prices remain above $2,500, near record highs, as investors await the Federal Open Market Committee minutes for confirmation of a potential Fed rate cut in September. The Fed's dovish shift, prioritizing employment over inflation, has weakened the US Dollar, boosting gold. A recent revision showing the US created 818,000 fewer jobs than initially reported also strengthens the case for a rate cut.
KVB Market Analysis | 21 August: USD/JPY Stalls Near 145.50 Amid Diverging Economic Indicators
USD/JPY holds near 145.50, recovering from 144.95 lows. The Yen strengthens on strong GDP, boosting rate hike expectations for the Bank of Japan. However, gains may be limited by potential US Fed rate cuts in September.
KVB Market Analysis | 20 August: Gold Prices Remain Near Record High Amid US Rate Cut Expectations
Gold prices remain near record highs, driven by expectations of a US interest rate cut and a weakening US Dollar. Investors are focusing on the upcoming Jackson Hole Symposium, where Fed Chair Jerome Powell's speech will be closely watched for clues on the Fed's stance. Additionally, the release of US manufacturing data (PMIs) is expected to influence gold's direction.
KVB Market Analysis | 19 August: JPY Gains Ground on USD Amid Rate Cut Uncertainty and Strong GDP Data
JPY is strengthening against USD after Japan's strong GDP growth raised prospects of a Bank of Japan rate hike. The USD/JPY pair, initially boosted by a strong USD and higher Treasury yields, is now pressured by uncertainty over a potential US rate cut, with traders debating between a 25 or 50 basis point reduction.
Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
European trading is subdued due to the U.S. holiday, with the euro benefiting from weak U.S. data. The pound rises ahead of the UK election, supported by market sentiment. ECB President Christine Lagarde's comments on interest rates support the euro. Overall, mixed sentiment prevails with cautious trading expected. Key economic events include Eurozone retail sales, Germany's industrial production, and UK services PMI.
GemForex - weekly analysis
Consolidation for the week ahead: US inflation report to cast light on the Fed’s trajectory
Oil and euro slip, markets on edge over COVID-19 curbs in Europe
Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.
Markets Q4 Outlook: Dow Jones, US Dollar, Gold, Fed, Euro, ECB, Oil, Volatility Returns？
As investors head into the fourth quarter, the VIX Volatility Index - often referred to as the market‘s ’fear gauge - is in an uptrend. In September, US benchmark stock indices saw some of the worst monthly performance since March 2020. In fact, the S&P 500 and Nasdaq 100 finished the third quarter little changed. More importantly, they trimmed most of their gains. The Dow Jones declined.
Economic Outlook of the Eurozone in 2020 Is Expected to Be Steady
In 2020, economic growth of the Eurozone and the world in general will also depend on how global trade talks turn out, particularly whether negotiations between various global players, including Britain and the European Union, can eliminate uncertainties in international trade.
EUR/USD Looks to US Retail Sales, Sentiment Data After ECB
EUR/USD may rise if US retail sales and sentiment data amplify growing Fed rate cut bets after the ECB failed to meet the markets ultra-dovish expectations.
Euro Gaps Lower vs British Pound Ahead of ECB, Brexit Volatility
The British Pound and the Euro will be closely watching how Brexit negotiations unfold as the October 31 deadline approaches.
Euro May Extend Gains vs NOK and Aim to Re-Test 11-Year High
The Euro may rise vs the Norwegian Krone this week and push EURNOK to retest the 11-year high at 10.0972, a level not reached since the 2008 financial crash.
Euro Braces for Italian Political Volatility: Snap Election Ahead？
Euro traders may get jittery if Prime Minister Guiseppe Contes address to the Italian Senate revives fears of political uncertainty and the prospect of a snap election.
US Dollar May Rise vs Euro if Eurozone Inflation Data Undershoots
The US Dollar may rise at the expense of the Euro if Eurozone inflation data misses estimates and fuels ECB rate cut bets and expectations of quantitative easing being reintroduced.
Euro Decline Eyed, NZD too as Manufacturing Shrinks Most Since 2012
The Euro downtrend is in focus after the ECB dialed up stimulus expectations. NZD/USD is also at risk after New Zealand manufacturing PMI contracted by the most since 2012.
FX Week Ahead Top 5 Events: Q2 Eurozone GDP, July Eurozone Inflation & EUR/JPY Rate Forecast
Euro currency traders will likely turn to upcoming Eurozone economic data next Wednesday which highlights EU GDP and CPI numbers following last week's July ECB meeting.
Why the Euro, Dollar Rally After the ECB？ Leaving EURUSD at Support
The Euro gained after the ECB as Mario Draghi disappointed dovish expectations, rising bond yields spread into North America as the US Dollar rallied, leaving EUR/USD at key support.
EURUSD May Extend Decline if Eurozone CPI Misses Estimates
EURUSD may extend Mondays decline and re-enter a critical resistance-turned support channel if Eurozone CPI data misses estimates and fuels rate cut bets.
EURUSD May Fall on Industrial Production as Growth Outlook Dims
EURUSD will be closely watching the publication of industrial production data after the European Commission revised down the growth outlook for the Eurozone.