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By Summer Zhen HONG KONG (Reuters) – Global hedge funds made a massive retreat from their bearish bets on the Japanese yen during the currency’s strong rise against the U.S. dollar over the last two weeks, a UBS note to clients seen by Reuters on Tuesday said. Hedge funds covered nearly all the short yen […]
Gold advances with risk appetite returning as geopolitical fears ease. Hopes that the Fed might hint towards monetary easing on Wednesday keep US Treasury yields near mid-term lows. XAU/USD needs to break the $2,400 resistance to cancel the broader bearish structure. Gold price (XAU/USD) found buyers after a moderate pullback on Monday. The precious metal […]
They were down roughly 0.3% earlier in Asia trading but have kept largely steady in European morning trade thus far. Both Nasdaq futures and Dow futures are also up 0.1%, reflecting a more tentative mood overall I would say. There will be a couple of modest earnings releases coming up but all eyes will be […]
Investing.com — Over the past month, significant changes in US politics have shifted market expectations, overtaking the influence of the Federal Reserve (Fed) on the (USD). Initially, it seemed that the USD had peaked, especially with cooling US economic data and the Fed preparing for an easing cycle. The US Presidential election on November 5th appeared […]
Investing.com – The U.S. dollar traded largely flat Tuesday, with traders wary ahead of the start of the latest Federal Reserve rate-setting meeting. At 05:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded just higher at 104.342, moving within a tight range. Dollar calm ahead […]
Euro (EUR/USD) Remains Under Pressure as German Economy Contracts in Q2 The ECB may need to act to reboot the German economy. German inflation data out later today is now key. Recommended by Nick Cawley Introduction to Forex News Trading For all high-importance data releases and events, see the DailyFX Economic Calendar The German economy […]
USD/JPY hourly chart It’s still very much to do with the volatility swings since last week. This time, we’re moving in the other direction as the BOJ and Fed meetings are just around the corner. As mentioned earlier, the near-term bias in the pair is now more neutral. That frees up a bit of room […]
The Japanese Yen edges lower despite the hawkish sentiment surrounding the BoJ policy decision due on Wednesday. The Bank of Japan is widely expected to raise interest rates by ten basis points. CME FedWatch Tool suggests a 100% probability of at least a 25 basis points Fed rate cut in September. The Japanese Yen (JPY) […]
By Brigid Riley TOKYO (Reuters) – The dollar and yen kept within close ranges on Tuesday as traders awaited key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve that could set the tone for coming weeks. The Japanese currency was taking a breather from its […]
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WTI attracts some sellers near $76.25 in Tuesday’s Asian session, down 0.45% on the day. The weaker outlook for crude demand in China weighs on the WTI price. Rising geopolitical tensions in the Middle East are likely to disrupt oil supplies, capping the downside for Oil prices. West Texas Intermediate (WTI), the US crude oil […]
