The Japanese Yen has lost ground against the US Dollar as the threat of a re-acceleration of Fed rate hikes lifted Treasury yields and ahead of the nominee for BoJ Governor address. Read More
The US Dollar has solidified recent gains on a quiet start to the week with a US holiday giving the market time to consider the Fed’s rate path compared to other central banks. Read More
The US Dollar outperformed as stronger CPI data bolsters hawkish Fed bets last week. Gold prices fell. Ahead, all eyes are on FOMC minutes, PCE data and another RBNZ rate hike. What else is due? Read More
Canada’s January inflation report and broad market sentiment following the hawkish repricing of the Fed’s policy outlook will be key catalyst for USD/CAD in the coming days. Read More
Oil prices slumped this week as rising rates raised fears of an economic downturn. China’s slow fuel demand recovery following the reopening of its economy also weighed on sentiment. Read More
The technical levels were clear for the US-based S&P 500 and Dollar through the end of last week, and both tentatively earned a ‘break’ Friday. That said, follow through was clearly under scrutiny by the time liquidity drained. Have we already cleared the sentiment hurdle or do we need a more robust push next week for trends? Read More
<p>Average daily traded volumes (ADTV) of forex trading in January 2023 recovered from a three-month decline that started in September 2022, Continuous Linked Settlement (CLS) revealed in its forex trade volume released on Friday.</p><p>According to the New York-headquartered provider of <a href=”https://www.financemagnates.com/terms/s/settlement/” class=”terms__main-term” id=”2dc6d2c7-1626-4ecf-811e-4c1aabbdb280″ target=”_blank”>settlement</a> and aggregation services for the forex industry, ADTV for the month came in at $1.92 […]