Following the latest Federal Open Market Committee (FOMC) minutes, traders are now pricing in 102 basis points of rate cuts by December 2024, based on the Chicago Board of Trade (CBOT) fed funds futures contract. Meanwhile, US Initial Jobless Claims...
The focus of market participants is set to shift toward the critical Bank of Japan (BoJ) policy decision during the upcoming Asian session, which could provide fresh directional impetus for the USD/JPY pair. Expectations are mounting that the BoJ...
DXY: US Dollar Index. Trump's statements weaken the dollar The U.S. dollar index ( DXY ) is down for a second straight day, hitting a new monthly low, down nearly 0.40% on the day and remains on track for a second straight week of losses. Markets...
Forex Market The Forex Market (Foreign Exchange) is the largest and most liquid financial market in the world, where currencies are traded against each other. It operates globally 24 hours a day, five days a week, enabling traders from all time...
USD/JPY shows signs of force as consolidated The US dollar initially retreated against the Japanese Jenu during the Friday trade session, which was influenced by the recent Bank of Japan decision to raise interest rates. However, it seems that the...
