Japanese Yen Strengthens: Market Speculates over FX Intervention
Yen surges against USD amid speculation of more Japanese intervention. Explore the factors driving this sudden shift and its implications for forex traders
Read More »The JPY is the strongest and the AUD is the weakest as the NA session begins
The JPY is the strongest and the AUD is the weakest as the NA session begins. The USD is mixed after the weekend news of the Pres. Biden stepping down…
Read More »Nvidia reportedly working on version of new flagship AI chip just for Chinese market
The report cites three sources familiar with the matter. And it pertains to Nvidia’s “Blackwell” chip series, which was unveiled during March. The chip is due to be mass produced…
Read More »UK Unemployment Remains at 4.4% as Jobs Data Reveals no Surprises
UK jobs data came in largely in line with expectations with the unemployment rate remaining at 4.4% while average earnings eased to 5.7%. Claimant count remains a concern
Read More »NZD/USD Price Analysis: Pair gave up and lost the 0.6070 vital area
In Friday’s session, the NZD/USD sustained its downward momentum, dropping by 0.65% to touch 0.6010.
Read More »UK retail sales the highlight of the agenda in the session ahead
After the drop on Wednesday, the dollar pushed back in trading yesterday as it gained decent ground to be up on the week now. EUR/USD fell back below 1.0900 while…
Read More »Japan’s National CPI holds steady at 2.8% YoY; Core CPI rises less than expected
Japan’s headline National Consumer Price Index (CPI) held steady and came in at the 2.8% YoY rate for June.
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