Currency News

The Japanese Yen (JPY) retains its bullish bias through the Asian session on Thursday and climbs to a four-week high against its American counterpart amid reviving bets for a Bank of Japan (BoJ) rate hike next week.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, January 15.

The markets’ mood has soured - that much is obvious. There are worries about inflation - also obvious if you look at the bond market.

The USD/CAD pair extends the decline to near 1.4335 during the early Asian session on Thursday.

The US Dollar reached a new high in the Nominal US Dollar vs Advanced and Emerging series incepted 2006.

Wall Street soared on Wednesday, riding a wave of euphoria as bullish bank earnings smashed expectations. A critical inflation report delivered a pleasant surprise, hinting at a slowing pace of core price hikes.

Stocks are on fire. Enjoy it, but don’t get too comfortable. Rip-your-face-off rallies like this are a sign that the market is still really volatile.

VIX fell down smashing into its moving averages. Gold and silver rallied.

The UK reported softer than expected consumer prices, but the timing of the data collection may have skewed the report.

All eyes will be on today’s scheduled release of US CPI (inflation) data, which is expected to show a month-on-month increase of 0.4%.

The US Dollar Index tests 109.00 and might tank further on a possible disinflationary CPI release. 

For the second consecutive trading day, the EUR/USD currency pair has attempted to halt its recent sharp decline, which extended to a low of 1.0177, the lowest.

Persistent inflation in the latter half of 2024 has led to a more cautious outlook in the Fed’s price risk assessments.

Yesterday, the overall market received support from a Bloomberg report that President-elect Trump’s economic team is considering a gradual increase in trade tariffs.

The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in the market. Traders remain vigilant ahead of key December inflation data from the US.

EURUSD is in the early stages of a bullish trend.

GBP/USD rises after UK inflation cools. USD/JPY falls ahead of US CPI.

EUR/USD locks in key resistance of 1.0300 after recovering from over a two-year low of 1.0175, with the US CPI data for December in focus.

The GBP/USD exchange rate stabilized on Wednesday after the UK published encouraging consumer inflation data.

The US PPI surprised on the soft side, but that does not mean today’s CPI will send similar upbeat signals.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, January 14.

Over the last two days, the financial landscape has seen a momentary calm: bond markets have steadied, the dollar's meteoric ascent has paused, and global stocks have found some much-needed breathing room

The USD/CAD pair remains on the defensive around 1.4350 during the early Asian session on Wednesday, pressured by the disappointing US December Producer Price Index (PPI) data.

The Australian Dollar (AUD) rebounded from 0.6130, its lowest level since April 2020, to reach 0.6180 on Tuesday, buoyed by firm commodity prices and a slight improvement in market sentiment.

There will be an option expiration on Friday.