The Analytical Overview of the Main Currency Pairs on 2024.06.21
The British pound fell below $1.27 after the Bank of England (BoE) left the key bank rate unchanged at 5.25% as expected, with only two members voting in favor of a rate cut as they did at the previous meeting
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The Analytical Overview of the Main Currency Pairs on 2024.06.19
Gold held near $2,330 per ounce on Wednesday as weaker-than-expected US retail sales data reinforced expectations of a rate cut by the Federal Reserve soon
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🔥 𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🔹Tuesday🔹
– Australia RBA Interest Rate Decision at 07:30 (GMT+3);
– Australia RBA Rate Statement at 07:30 (GMT+3);
– Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3).
🔹Wednesday🔹
– UK Consumer Price Index (m/m) at 09:00 (GMT+3).
🔹Thursday🔹
– China PBoC Loan Prime Rate (m/m) at 04:15 (GMT+3);
– Switzerland SNB Interest Rate Decision at 10:30 (GMT+3);
– Switzerland SNB Monetary Policy Assessment at 10:30 (GMT+3);
– UK BoE Interest Rate Decision at 14:00 (GMT+3);
– UK BoE MPC Meeting Minutes at 14:30 (GMT+3).
🔹Friday🔹
– Japan National Core Consumer Price Index at 02:30 (GMT+3);
– US Fed Chair Powell Testifies at 17:00 (GMT+3).
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The Analytical Overview of the Main Currency Pairs on 2024.06.13
The euro soared above $1.08, benefiting from the dollar's general weakness after US inflation data came below prognoses
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𝗧𝗼𝗱𝗮𝘆 𝘄𝗲 𝗰𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗲 𝗮𝗻 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗱𝗮𝘆 - 𝗼𝘂𝗿 𝟭𝟮𝘁𝗵 𝗯𝗶𝗿𝘁𝗵𝗱𝗮𝘆 🎉
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🔥 𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🔹𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆🔹
– US Consumer Price Index (m/m) at 15:30 (GMT+3);
– US Fed Interest Rate Decision at 21:00 (GMT+3);
– US FOMC Economic Projections at 21:00 (GMT+3);
– US FOMC Monetary Policy Statement at 21:00 (GMT+3);
– US FOMC Press Conference at 21:30 (GMT+3).
🔹𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆🔹
– US Producer Price Index (m/m) at 15:30 (GMT+3).
🔹𝗙𝗿𝗶𝗱𝗮𝘆🔹
– Japan BoJ Interest Rate Decision at 06:00 (GMT+3);
– Japan BoJ Monetary Policy Statement at 06:00 (GMT+3).
💡 𝘚𝘶𝘣𝘴𝘤𝘳𝘪𝘣𝘦 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘴𝘵 𝘯𝘦𝘸𝘴 𝘢𝘯𝘥 𝘶𝘱𝘥𝘢𝘵𝘦𝘴!
The Analytical Overview of the Main Currency Pairs on 2024.06.07
Precious metals rose on Thursday after the ECB cut interest rates by 25 bps. Gold prices rose thanks to increased demand for gold as an inflation hedge after the ECB raised its 2024 inflation forecast for the eurozone
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🇺🇸📊 Turn your attention to the most crucial event of the upcoming week — the Nonfarm Employment Change report
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The Analytical Overview of the Main Currency Pairs on 2024.06.04
Precious metals bounced back from early losses on Monday and posted moderate gains after the dollar index fell to a 2-week low
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The Analytical Overview of the Main Currency Pairs on 2024.06.03
The euro rose and reached $1.088, the highest level in the last two weeks, amid increasing divergence between the monetary policy rates of the European Central Bank and the US Federal Reserve
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The Analytical Overview of the Main Currency Pairs on 2024.05.30
The British pound slipped below $1.275, retreating from a two-month high of $1.28, as the US dollar strength countered strong momentum for the sterling caused by the Bank of England's hawkish stance
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The Analytical Overview of the Main Currency Pairs on 2024.05.29
In an interview Tuesday, Minneapolis Fed President Neel Kashkari said that the Fed should hold off on cutting rates until inflation improves significantly and may even raise rates if inflation does not decline further. However, money markets are no longer reacting to such statements, realizing that the US Fed won't start cutting rates until the fall at the earliest
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The Analytical Overview of the Main Currency Pairs on 2024.05.28
On gold, investors remain cautious ahead of the release of the key US PCE inflation report in search of signals on the Fed's policy direction
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The Analytical Overview of the Main Currency Pairs on 2024.06.20
Gold broke through the $2,330 per ounce mark on Thursday and rallied higher as sluggish US economic data reinforced expectations that the Federal Reserve may cut interest rates this year
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The Analytical Overview of the Main Currency Pairs on 2024.06.18
The euro stabilized around $1.07, remaining at 7-week lows after falling 0.8% last week as market participants actively monitored France's political situation
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The Analytical Overview of the Main Currency Pairs on 2024.06.17
The Dollar Index rose by 0.33% on Friday and reached a 6-week high. Increased political uncertainty in France is weighing on the euro and supporting the dollar
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The Analytical Overview of the Main Currency Pairs on 2024.06.14
Gold declined on Thursday but held above the $2,300 per ounce mark. Investors priced in softer-than-expected US inflation data and the Federal Reserve's updated interest rate estimates
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The Analytical Overview of the Main Currency Pairs on 2024.06.10
Gold prices held below the $2,300 per ounce mark on Monday, at their lowest level in a month, after stronger-than-expected US jobs data dampened expectations that the Federal Reserve will cut interest rates soon this year
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The Analytical Overview of the Main Currency Pairs on 2024.06.06
The dollar surged to a high on Wednesday after the May ISM Services Business Activity Index rose more than expected, a hawkish factor for the Fed's policy.
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The Analytical Overview of the Main Currency Pairs on 2024.06.05
On Tuesday, the euro retreated from the 2-month high and suffered moderate losses
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𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🔹𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆🔹
– Canada BoC Interest Rate Decision at 16:45 (GMT+3);
– Canada BoC Rate Statement at 16:45 (GMT+3).
🔹𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆🔹
– Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
– Eurozone ECB Rate Statement at 15:15 (GMT+3).
🔹𝗙𝗿𝗶𝗱𝗮𝘆🔹
– US Nonfarm Payrolls (m/m) at 15:30 (GMT+3);
– US Unemployment Rate (m/m) at 15:30 (GMT+3).
🚀 𝘋𝘰𝘯’𝘵 𝘧𝘰𝘳𝘨𝘦𝘵 𝘵𝘰 𝘴𝘶𝘣𝘴𝘤𝘳𝘪𝘣𝘦 𝘢𝘯𝘥 𝘴𝘩𝘢𝘳𝘦!
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The Analytical Overview of the Main Currency Pairs on 2024.05.31
Weak US economic reports on Thursday led to lower T bond yields and put pressure on the dollar. The US first quarter GDP was revised downward to 1.3% (q/q annualized) from 1.6%, which aligned with expectations
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🔥 𝗗𝗼𝗻'𝘁 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:
🗓️Wednesday
📌Australia Consumer Price Index (m/m) at 04:30 (GMT+3).
🗓️Friday
📌 Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
📌 US Core PCE Index (m/m) at 15:30 (GMT+3).
The Analytical Overview of the Main Currency Pairs on 2024.05.27
The Euro climbed above USD 1.0830, rebounding from the recent weekly low, as the latest data confirmed the possibility that the ECB will raise rates less frequently this year
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