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The EUR/JPY cross trades in negative territory around 179.10 during the early European session on Friday. The expectation of a Bank of Japan (BoJ) rate hike next week provides some support to the Japanese Yen (JPY) against the Euro (EUR). Analysts polled by Reuters anticipate the BoJ to raise the interest rate to 1.25% at the September 17-18 […]
If you want to trade a volatile asset class right now, foreign exchange, specifically yen crosses and USD/JPY, is the place to find it. The yen has seen a huge uplift in its volatility in recent days, and is higher by more than 1.5% so far this week. A story of intervention The yen is […]
This material is for educational and informational purposes only. It is not a recommendation to buy or sell any futures or options contract, and it does not take into account your objectives, financial situation, or risk tolerance. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance […]
The European Central Bank is highly likely to raise interest rates by 25 bps today. What does this decision mean for the markets? A sharp rise in energy commodity prices in mid-July led to a hawkish repricing in the market (representing an increase in expectations of tighter monetary policy). Figure 1: Brent and WTI Crude […]
Facts: Recommendation: Trade: Short position on GOLD at market price Target: 4316, 4288 Stop: 4450 Opinion: The gold market has been trading in a downward move recently. Looking at the technical situation, one can see that the precious metal bounced off the key resistance at $4426. This resistance is a result of previous price reactions, […]
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bankโs (ECB) monetary policy decision, which will be announced at 12:15 GMT. In the policy meeting, the ECB is widely anticipated to […]
The yen has recently been one of the strongest currencies in the world, and this market has a new player who openly says he is playing with “loaded” cards. US Treasury Secretary Scott Bessent, during a speech at a Texas university, challenged traders by saying โI am the house now”. This means that such a […]
Gold (XAU/USD) hovers around the $4,400 mark through the Asian session on Thursday as traders seem hesitant to place directional bets ahead of US inflation figures. The US Producer Price Index (PPI) report will be published later this Thursday, while the US Consumer Price Index (CPI) is due on Friday. The key data will provide […]
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index data due to be released on Thursday and Consumer […]
Silver price (XAG/USD) trades higher at around $67.60 during the Asian trading session on Thursday. The white metal reflects strength as the US Dollar is under pressure ahead of the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT. As of writing, the US Dollar Index (DXY), which […]
