Forexlive

From the strongest to the weakest among the major currenciesThe day and week ends with the British pound being the strongest and the Japanese yen the weakest. The reason for the sharp decline of the Japanese yen was the Bank of Japan's…

Asia followed the "suspended" FOMC decision, with a hard point plot, by buying US dollars during the session. The Euro, the British Pound, the New Zealand Dollar, the NZD (and the Yuan, but I'll get to that in a moment) have all fallen…

Recent regulatory attacks from the Securities and Exchange Commission have weighed heavily on bitcoin, but less hawkish expectations on the Fed rate path have kept the price resilient above 25,231 support. Things to watch now are economic…

This week, the US dollar was tracked within a range of 103.290-104.400 in the DXY index. This index (highly weighted to the Euro) is down for the week by -0.49%. The decline was initially triggered this week by the US ISM Services data…

The NFP beat expectations, extending its impressive winning streak to 14. However, a closer look at the report reveals some less positive aspects. The unemployment rate saw its largest monthly increase since the pandemic, rising from 3.4%…

Markets:Gold fell $29 to $1,948Daily WTI Oil + $1.85 to $71.93The Standard & Poor's 500 rose 62 points to 4,289US 10-year yield rose 8.3 basis points to 3.69%The two-year US yield increased by 16 basis points, to 4.50%.The Australian…

On the daily chart below, we can see that after a huge rally in the US dollar in May due to strong economic data and a hawkish repricing of interest rate expectations, the AUD/USD pair exited the 3-month long range. At the beginning of the…

On the daily chart below, we can see that since the reopening rumors/news in China in November 2022, copper has risen strongly as the market expected more demand for the metal also keeping in mind that China is the world's largest copper…

Markets:The Australian dollar leads, and the euro lagsWest Texas Intermediate crude oil rose 37 cents to $73.04Close the US bond marketUS stocks are closedCanada Corporation TSX +0.3%Gold fell $3 to $1,942It was a US and UK holiday, so it…

On the daily chart below, we can see gold selling off from a record high of 2076 as stronger than expected US economic data led the market to reassess interest rate expectations on the hawkish side. Gold is inversely correlated with real…