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Archive for October, 2023
Deaching of the great explorer of the truth the builder
Asia Day Ahead: STI at Key Support, Natural Gas Touches Eight-Month High
Slowing growth in the US services sector and a significantly lower-than-expected US private payroll data paved the way for some cooling in the US Treasury yields rally.
Japanese Yen Outlook: USD/JPY in Calm Waters for Now but Bullish Breakout Looms
This article focuses on USD/JPY’s near-term outlook, incorporating both fundamental and technical analyses. It also scrutinizes pivotal price levels that might function as resistance and support in the coming trading sessions.
Orphancoin ICO (OPC): Empowering Orphans through Blockchain
Orphancoin ICO (OPC): Empowering Orphans through Blockchain In the realm of cryptocurrency and blockchain, one project stands out with a humanitarian agenda at its core: Orphancoin. It aims to uplift orphans of diverse backgrounds, ensuring their education, health, safety, and well-being until they reach maturity. The vision is clear—to bring success to humanity for generations […]
US Breaking News: Services Sector Expands but ‘New Order’ Concerns Emerge
The ISM services PMI report confirmed an expansion for the largest sector in the US economy. Increased business activity outshines notable drop in new orders
Market Analysis: Yen and Commodity Currencies Hit Annual Lows
Yesterday, one could observe a continuation of the upward momentum in the dollar. Good data on the number of open vacancies in the US labour market from JOLTS allowed the USD/JPY pair to update its annual maximum at 150.00. The USD/CAD currency pair has strengthened above 1.3700, and the AUD/USD pair is approaching last year’s […]
Fed Policymakers Ponder Prolonged High Rates Amidst Inflation Dilemma
The US Federal Reserve’s persistent strategy of increasing interest rates to combat inflation and subsequently maintaining them at elevated levels has sparked a contentious debate in Western financial markets. While US Federal Reserve officials emphasise the necessity of a restrictive monetary policy to rein in inflation and bring it down to the Fed’s 2% target, […]
The Yen Coin Surges Amidst Speculation of Intervention
The Yen Coin Surges Amidst Speculation of Intervention The yen coin, Japan’s official currency, has captured the financial world’s attention as it experiences fluctuations that hint at possible intervention by Japanese authorities. After a sudden surge, the yen is inching from the pivotal 150 per dollar mark. This article delves into the recent developments surrounding […]
Euro Exchange Rate at Risk: The Path Towards Parity
Euro Exchange Rate at Risk: The Path Towards Parity The Euro exchange rate has been a topic of concern and intrigue lately, with the currency hovering near its lowest levels of the year, around $1.05. In the backdrop of resurgent oil prices, a weakening European economy, and renewed concerns about Italy’s fiscal situation, the Euro […]
Euro Price Setups after PMI, FX Intervention? EUR/USD, EUR/GBP, EUR/JPY
The euro continues to slide despite rising Bund yields as PMI data hints at a German recession. FX markets are on edge after suspected intervention to bolster the yen
Nikkei 225, FTSE 100 and S&P 500 Continue to Free Fall
Outlook on Nikkei 225, FTSE 100 and S&P 500 amid rising US yields, a strong greenback and tight US labour market.