Market Update – March 21 – Sentiment Stabilised?
Risk appetite improved to kick off spring. Though banking jitters are still an undercurrent, the various rescue measures, including UBS’s takeover of Credit Suisse over the weekend, helped ease global…
Read More »Emerging Market Currencies Around 19.0000
USDIndex, Daily The USDIndex has stabilised after correcting yesterday in the wake of US bank troubles that pulled global stock markets lower. Wednesday’s post Powell 105.85 2023 high has now…
Read More »Market Update – Risk Appetite ahead of a massive week!
China set a modest target for economic growth this year of around 5% on Sunday, and is poised to implement the biggest government shake-up in a decade. Disappointing the markets!…
Read More »Market Update – February 6 – USD & Yields higher, Yen, Stocks & Gold sink
A blockbuster NFP on Friday (571k new jobs vs 185k) & strong Services PMI (55.2 vs 50.5) has lifted the Dollar and Yields, sinking Stocks and Gold (the 3 mth…
Read More »Market Update – February 2 – A Continued Battle of Wills
Stocks surged, Yields dove sharply, and the US Dollar slumped on Wednesday and they are holding their gains/losses so far today as well. The FOMC delivered the 25bp rate hike as expected, reaching 4.75%, an…
Read More »EUR/JPY Price Analysis: Extends recovery firmly to near 141.50
The EUR/JPY pair sensed a significant buying interest after dropping to near the four-day low around 140.80 in the early Asian session. The cross has
Read More »Japanese Yen Gains After Strong Demand at 2-Year Treasury Auction, Where to?
The Japanese Yen gained alongside a drop in US bond yields. The 2-year Treasury auction showed demand at its highest since 2020. Where to for USD/JPY?
Read More »Market Update – January 20 – USD Wallows, Stocks Weaker, Japanese Inflation at 41-year high
Better US data (Unemployment Claims & Philly Fed Manu Index) could not lift the USD (USDIndex under 102.00) & Wall St. (-0.76% to -0.96%). US hit its latest debt ceiling…
Read More »HFM’s Outlook 2023: Japan and the Yen
Japan and the Yen – 2023 Outlook The Japanese Yen was the weakest currency in 2022 because of the Bank of Japan’s commitment to maintaining a loose monetary policy, effectively…
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