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USD/JPY Rose Amid U.S Treasury Rebound, Awaiting CPI
Fundamental Analysis * Cautious Mood: The Japanese Yen has weakened against the US Dollar as deteriorating market sentiment and a rebound in U.S. Treasury yields weigh on the currency. Investors remain cautious about making significant bets while awaiting Wednesday’s U.S. Consumer Price Index (CPI) report. The inflation data is expected to highlight the challenges ofContinue Reading
Written on December 11, 2024 at 2:11 am
Categories: Trade Of The Day
Gold Surge on Rising Geopolitical Issues
Market Summary Chinese equities soared as top leaders signaled more aggressive stimulus measures to revitalize the economy. The Hang Seng Index and China A50 Index both rallied over 3% in the previous session, with momentum carrying into today’s trading. Oil prices rebounded from recent lows, buoyed by China’s economic revival plans and geopolitical tensions inContinue Reading
Written on December 10, 2024 at 5:45 am
Categories: Daily Market Analysis
Euro Slips As ECB Rate Call Looms Ahead
Fundamental Analysis * Rate Reckoning: The Euro has softened against the US Dollar as traders prepare for Thursday’s European Central Bank (ECB) rate decision. The currency’s movement has been relatively subdued in the early part of the week, with expectations of an ECB rate cut looming. Following weaker-than-expected economic data, the ECB is widely expectedContinue Reading
Written on December 10, 2024 at 2:04 am
Categories: Trade Of The Day
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