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*The Japanese Yen is on the brink of breaking above 160 mark despite warnings from Japan’s top currency official. *The dollar eased slightly in the last session while traders awaited Thursday’s GDP. *BTC plummeted to below $60000 on heightened bearish momentum. Market Summary The dollar has eased from its bullish trend, which was fueled byContinue Reading

Fundamental Analysis * Buck Backslide: The Canadian Loonie continues to gain strength against the US Dollar, which is experiencing a slight decline due to profit-taking in the absence of significant fundamental drivers. With limited new information for investors to consider, market sentiment is currently aimless as attention turns to forthcoming data for direction. Additionally, theContinue Reading

*USD/JPY is hitting the 160 mark, and the Japanese authorities are concerned about the weak Yen and vow to protect it if necessary.  *Last Friday’s upbeat U.S. PMI reading spurred the dollar’s strength. *Gold plunged last Friday due to upbeat U.S. economic indicators and panic selling sentiment. All eyes are on the Japanese Yen asContinue Reading

Fundamental Analysis * Solid Green: Crude prices dropped by about 1% on Friday due to concerns that global oil demand growth might be affected by a strong U.S. dollar and negative economic news from various regions. The U.S. dollar reached a seven-week high against a basket of other currencies, with the Federal Reserve’s cautious approachContinue Reading

Tuesday, 25 June 2024, 16:00 – US CB Consumer Confidence (Jun) According to the U.S. Conference Board, consumer sentiment in the U.S. improved in May, with the CB Consumer Confidence Index rising to 102 from 97.5 in April. While the survey indicated a slight decline in consumers’ views of current business conditions, overall sentiment wasContinue Reading