News

Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Dollar calm as investors eye US jobs report, election The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Dollar calm as investors eye US jobs report, election
Source: Reuters
2024-11-01 09:09:53 am
Yen under pressure as BOJ keeps rates steady The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.  The yen has fallen more than 6% in October and is on track for what would be its biggest monthly loss against the greenback sinc...
Yen under pressure as BOJ keeps rates steady
Yen under pressure as BOJ keeps rates steady
Source: Reuters
2024-10-31 09:07:57 am
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend, which could delay a normalisatio...
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Source: Reuters
2024-10-31 08:53:33 am
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
Yen mired in political uncertainty; dollar looks to key data releases The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in the week that could determine the path for Federal Reserve policy. The yen was last 0.1% higher at 153.12 per dollar, after having slumped...
Yen mired in political uncertainty; dollar looks to key data releases
Yen mired in political uncertainty; dollar looks to key data releases
Source: Reuters
2024-10-29 09:01:10 am
Yen wobbles, vulnerable to political reverberations The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S. Treasury yields lower, though it remained on course for yet another weekly gain. Japanese voters will head to the polls on Sunday for a general election, with polls sh...
Yen wobbles, vulnerable to political reverberations
Yen wobbles, vulnerable to political reverberations
Source: Reuters
2024-10-25 09:22:57 am
Dollar holds on to 7-week highs as traders consider US rates outlook  The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. Markets are no longer fully pricing in a rate cut in November and are ascribing an 86% chance of a 25 basis points (bps) reduct...
Dollar holds on to 7-week highs as traders consider US rates outlook
Dollar holds on to 7-week highs as traders consider US rates outlook
Source: Reuters
2024-10-08 08:43:52 am
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus Below the Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus   "While the debate on whether the move will be 25 or 50 bp has been answered, the move itself has left more questions than answers. The first being, if the economy is so strong (as Powell reiterated multiple times, why was there a need for 50 bp. May be to compensate for the cut they did not do in July. Nevertheless, Fed is also not in a rush (again as per Powell) – then why the ru...
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus
Source: PR Agency
2024-09-20 04:45:41 pm
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory The Japanese Yen strengthened following the Bank of Japan's decision to maintain its interest rate at 0.15%. Japan's Consumer Price Index rose to 3.0% in August, marking the highest level since October 2023. The US Dollar faced pressure as market expectations grew for future Federal Reserve rate cuts, with the 2024 median forecast revised downward. However, Fed Chair Jerome Powell emphasized a cautious approach to easing. Despite Japan's increasing trade deficit, the Yen continues...
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-09-20 11:59:41 am
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut The dollar slumped to its lowest this year on Friday versus the yen while gold hit a record high as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week. Shares in Asia also advanced after traders raised bets back to 45% for a 50-basis point U.S. rate cut on Sept. 18, according to LSEG data at 0510 GMT, from about 28% before articles in the Financial Times and Wall Street Journal each called the decision "a close call". Influential former N...
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Source: Reuters
2024-09-13 09:06:20 am
Dollar weak, yen at 2024 high on bets of big rate cut from Fed  The dollar softened on Friday, with the yen hitting its highest level this year as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut. While the Fed is all but certain to cut rates next week, uncertainty around whether it will go with a 25 basis point cut or 50 basis points (bps) has kept investors on edge and weighed on the dollar. Analysts pointed to media report...
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Source: Reuters
2024-09-13 08:56:04 am
Asian shares up on Wall Street tech boost, dollar extends gains on yen Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after U.S. core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve next week. Investors are now awaiting a policy decision from the European Central Bank later in the day where a rate cut is almost a certainty, but the question remains whether it would move again in both October and December. MSCI's broadest index of Asia...
Asian shares up on Wall Street tech boost, dollar extends gains on yen
Asian shares up on Wall Street tech boost, dollar extends gains on yen
Source: Reuters
2024-09-12 08:52:08 am
Dollar drops; Harris` chances improve after US election debate The dollar fell to its lowest against the yen this year on Wednesday after investors upped the chances of Democrat Kamala Harris beating Republican rival Donald Trump in November's presidential election after a scheduled debate. The yen received an additional boost from Bank of Japan board member Junko Nakagawa, who reiterated that the central bank would continue to raise interest rates if the economy and inflation move in line with its forecasts. Traders were also awaiting a key U....
Dollar drops; Harris` chances improve after US election debate
Dollar drops; Harris` chances improve after US election debate
Source: Reuters
2024-09-11 09:08:50 am
Dollar set to snap 5-week losing streak as Fed cut bets pared The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing. The yen held near the closely watched 145 per dollar level after weakening on Thursday, as the greenback tracked a rise in U.S. Treasury yiel...
Dollar set to snap 5-week losing streak as Fed cut bets pared
Dollar set to snap 5-week losing streak as Fed cut bets pared
Source: Reuters
2024-08-30 09:05:14 am
World stocks end turbulent month higher as U.S. inflation data looms Global stocks rose on Friday and were set for a fourth straight month of gains despite a bout of heavy selling in early August, boosted by U.S. growth data that helped the dollar snap a weeks-long losing streak and kept bond markets on edge. MSCI's world share index ticked 0.2% higher, heading for a 1.8% monthly gain, as Europe's Stoxx index touched a record intraday high in early dealings and Britain's FTSE 100 rose to a three-month peak. U.S. stock futures also pointed to ...
World stocks end turbulent month higher as U.S. inflation data looms
World stocks end turbulent month higher as U.S. inflation data looms
Source: Reuters
2024-08-30 08:53:35 am
Dollar holds gains ahead of US inflation test The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation - headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly ran...
Dollar holds gains ahead of US inflation test
Dollar holds gains ahead of US inflation test
Source: Reuters
2024-08-29 08:57:28 am
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift  The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda's steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation si...
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Source: Reuters
2024-08-26 09:04:16 am
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell confirmed the United States would soon begin interest rate cuts. Powell, in remarks on Friday at the annual economic symposium in Jackson Hole, Wyoming, said "the time has come" to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of ...
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Source: Reuters
2024-08-24 08:46:33 am
Shares hold near record high with Powell in focus, dollar in the doldrums World shares steadied on Friday, sitting just 1% shy of all-time highs, while the dollar languished around one-year lows ahead of a speech by the world's most powerful central banker which markets will peruse for guidance on the shape of U.S. rate cuts. Europe's broad Stoxx 600 index rose 0.14% in early trading, Asian shares outside Japan nudged down 0.1%, but Japan's Nikkei gained 0.4% as investors digested inflation data and remarks from Bank of Japan governor Kazuo Ueda flag...
Shares hold near record high with Powell in focus, dollar in the doldrums
Shares hold near record high with Powell in focus, dollar in the doldrums
Source: Reuters
2024-08-23 09:05:50 am
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell The yen rose on Friday as traders considered comments from Bank of Japan Governor Kazuo Ueda, who sought to calm lingering nerves after a surprise rate hike last month, while markets braced for a speech from Federal Reserve Chair Jerome Powell. With the spotlight squarely on the central bankers, Ueda appeared first in Japan's parliament to explain the rate increase that had rattled investors. The yen was 0.38 % higher at 145.75 per dollar on Friday in choppy trading after Ueda reaff...
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Source: Reuters
2024-08-23 09:00:55 am
Dollar doldrums deepen on dovish Fed tone before Jackson Hole The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish Federal Reserve and fresh signs of weakness in the U.S. job market backed the case for interest rate cuts. The dollar sagged below the closely watched 145 yen mark as U.S. Treasury yields slid, ahead of weekly jobless claims data later in the day and a hotly anticipated speech by Fed Chair Jerome Powell at the central bank's annual Jackson Hole symposium on Friday. The dollar ...
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
Source: Reuters
2024-08-22 08:40:36 am
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially crucial revisions to U.S. payrolls data later in the day, ahead of a speech by Federal Reserve Chair Jerome Powell at the end of the week. The U.S. currency also dipped below the closely watched 145 yen level and hovered close to the more-than-one-year low to sterling reached overnight. Pressure notably came from U.S. bond yields, which hit their lowest since Aug. 5, when yields crashe...
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole
Source: Reuters
2024-08-21 08:31:22 am
Dollar in holding pattern ahead of FOMC minutes, Powell comments The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates. Minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell at Jackson Hole are likely to be the main drivers of currency movement this week, which will also see inflation data from Canada and Japan alongside Purchasing Managers' Index...
Dollar in holding pattern ahead of FOMC minutes, Powell comments
Dollar in holding pattern ahead of FOMC minutes, Powell comments
Source: Reuters
2024-08-19 08:52:23 am
Japanese shares lift Asian stocks ahead of US data barrage  Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve's policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an eye on widening conflict in the Middle East that could tighten global crude supplies. Demand for safe assets lifted gold prices. [O/R] [GOL/] Japan's Nikkei ro...
Japanese shares lift Asian stocks ahead of US data barrage
Japanese shares lift Asian stocks ahead of US data barrage
Source: Reuters
2024-08-13 08:59:34 am
Yen slips, markets brace for US inflation data The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with market participants still ambivalent about the odds of a big Fed rate cut next month. The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness. Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for...
Yen slips, markets brace for US inflation data
Yen slips, markets brace for US inflation data
Source: Reuters
2024-08-12 08:46:15 am
Direction of Indian stocks to be influenced by global markets: Experts As the Indian stock markets experienced a marginal recovery from the uncertainties stemming from weak global cues last week, the direction of the benchmark indices will be influenced by international markets going forward, experts said on Saturday.  Geopolitical tensions, weak US non-farm job data and Bank of Japan’s monetary policy decision weighted on all world markets, including India. There will be uncertainties over the unwinding of carry trades, driven by the Yen's ...
Direction of Indian stocks to be influenced by global markets: Experts
Direction of Indian stocks to be influenced by global markets: Experts
Source: IANS
2024-08-10 01:40:31 pm
Dollar near one-week high on jobs relief; yen sags The dollar hovered close to a one-week high against major rivals on Friday, after the biggest drop in U.S. jobless claims in close to a year allayed fears of a looming economic downturn. The U.S. currency extended gains against the Japanese yen to a fourth day, buoyed by a spike in Treasury yields following Thursday's firmer-than-expected employment data, which spurred a paring back in bets for Federal Reserve interest rate cuts this year. The yen and fellow safe-haven currency the ...
Dollar near one-week high on jobs relief; yen sags
Dollar near one-week high on jobs relief; yen sags
Source: Reuters
2024-08-09 08:54:32 am
India's central bank holds rates again despite global market volatility  The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a ninth straight policy meeting. Four out of six MPC members voted in favour of the rate decision. The MPC last...
India's central bank holds rates again despite global market volatility
India's central bank holds rates again despite global market volatility
Source: Reuters
2024-08-08 10:38:29 am
Yen firms after sharp drop as traders assess Japan's rate path The yen firmed on Thursday after a sharp drop in the previous session in a volatile week that has left sentiment fragile as investors weigh the unwinding of popular carry trades and ponder the rate path Japan's central bank is likely to take. The yen was last 0.53% higher at 145.95 per dollar, having dropped 1.6% on Wednesday after the Bank of Japan's Deputy Governor Shinichi Uchida played down the chance of a near-term hike in interest rates. The Japanese currency started the w...
Yen firms after sharp drop as traders assess Japan's rate path
Yen firms after sharp drop as traders assess Japan's rate path
Source: Reuters
2024-08-08 08:44:30 am
Yen slides after BOJ official says no rate hikes if markets volatile The dollar was firmer on Wednesday, surging as much as 2% against the yen after Bank of Japan Deputy Governor Shinichi Uchida said the central bank won't raise interest rates when financial markets are unstable. The yen was last down over 1.5% at 146.70 per dollar having touched session lows of 147.50 immediately following Uchida's comments, as investors were still grappling with a massive shakeout in assets at the start of the week driven by recession fears and unwinding of popula...
Yen slides after BOJ official says no rate hikes if markets volatile
Yen slides after BOJ official says no rate hikes if markets volatile
Source: Reuters
2024-08-07 08:42:19 am
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes Asian share markets extended gains on Wednesday led by a bounce in the Nikkei, following the Bank of Japan's unexpected indication of reluctance to further raise interest rates while markets are volatile, which lead to a sharp fall in the yen. The Nikkei's 2% rise followed Tuesday's 10% rally, leading to optimism investors were finding their footing after the recent market rout. The index slumped 13% on Monday. Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wedn...
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes
Source: Reuters
2024-08-07 08:38:12 am
Market Turmoil: BoJ Rate Increase Spurs Global Economic Rethink by Dr. Vikas V. Gupta, CEO & Chief Investment Strategist, OmniScience Capital Below the Market Turmoil: BoJ Rate Increase Spurs Global Economic Rethink by Dr. Vikas V. Gupta, CEO & Chief Investment Strategist, OmniScience Capital   "The Bank of Japan’s rate hike has significantly impacted global markets, causing Mr. Market to reconsider the financial landscape. While Japanese rates are set to rise, the rest of the world is expected to cut rates. This shift disrupts the reflexive strategies that market participants have relied on for nearl...
Market Turmoil: BoJ Rate Increase Spurs Global Economic Rethink by Dr. Vikas V. Gupta, CEO & Chief Investment Strategist, OmniScience Capital
Market Turmoil: BoJ Rate Increase Spurs Global Economic Rethink by Dr. Vikas V. Gupta, CEO & Chief Investment Strategist, OmniScience Capital
Source: OmniScience Capital
2024-08-05 04:59:43 pm
Stocks routed by US recession risk, bonds bet on rapid rate cuts Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Investors began where they finished on Friday by knocking Nasdaq futures down 2.27%, while S&P 500 futures dropped 1.41%. EUROSTOXX 50 futures fell 0.6% and FTSE futures 0.2%. Japan's Nikkei shed a staggering 5.5% to hit seven-month lows, marking its bi...
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Source: Reuters
2024-08-05 09:06:45 am
Stocks sell off as US data sparks worry, yields plunge Global equities dropped on Thursday, with Wall Street's major indexes selling off as U.S. data sparked economic worries and financial stocks in Europe saw their biggest one-day rout since March 2023. Treasury yields plunged following the weak data, with the U.S. two-year to 10-year note yields dropping to six-month lows, below 4%. Oil futures finished lower as global supply seemed largely unaffected by worries of a broadening Middle East crisis. [O/R] The Federal Reserve held int...
Stocks sell off as US data sparks worry, yields plunge
Stocks sell off as US data sparks worry, yields plunge
Source: Reuters
2024-08-02 09:11:25 am
Rupee expected to hold close to record low ahead of Federeal Reserve outcome The Indian rupee is likely to open largely unchanged near its record low on Wednesday and trade in a tight band ahead of the U.S. Federal Reserve's policy decision due later in the day. Non-deliverable forwards indicate the rupee will open at around 83.71-83.72 against the U.S. dollar, nearly unchanged from its previous close of 83.7275. The rupee had declined to a record low of 83.74 on Monday. The dollar index was down slightly at 104.3, while most Asian currencies nudged higher, ...
Rupee expected to hold close to record low ahead of Federeal Reserve outcome
Rupee expected to hold close to record low ahead of Federeal Reserve outcome
Source: Reuters
2024-07-31 09:06:08 am
Yen braces for BOJ decision; Aussie tumbles after inflation data The yen hovered near a 2-1/2-month high on Wednesday ahead of a Bank of Japan (BOJ) policy decision in which investors expect plans to taper its huge bond-buying program and hints as to when it will raise interest rates. The Australian dollar slid to its weakest since May after core inflation surprised on the downside and lessened the risk of another rate hike. The yuan was little changed after the official purchasing managers' index (PMI) showed a third month of slowing manufacturing ...
Yen braces for BOJ decision; Aussie tumbles after inflation data
Yen braces for BOJ decision; Aussie tumbles after inflation data
Source: Reuters
2024-07-31 09:00:27 am
Asian stocks sit tight, yen firms as BOJ beckons Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether Microsoft and chipmaker AMD suggested a divide in the AI landscape while the yen was firm ahead of the Bank of Japan's policy decision. Central banks dominate investor attention on Wednesday, with the decision from the Federal Reserve also due later in the day with markets expecting the U.S. central bank to stand pat on rates but indicate rate cuts are on the way. The BOJ on the other h...
Asian stocks sit tight, yen firms as BOJ beckons
Asian stocks sit tight, yen firms as BOJ beckons
Source: Reuters
2024-07-31 08:53:38 am
Oil slips, Asia stocks dip ahead of Federeal Reserve, BOJ Oil traded near seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously ahead of central bank meetings in the U.S. and Japan and a slew of major corporate earnings reports. Brent crude futures hit $79.36 overnight as traders focused on worries over Chinese demand rather than tensions in the Middle East or Venezuela and turned sellers. [O/R] The S&P 500 steadied after a two-week downturn and futures tic...
Oil slips, Asia stocks dip ahead of Federeal Reserve, BOJ
Oil slips, Asia stocks dip ahead of Federeal Reserve, BOJ
Source: Reuters
2024-07-30 09:05:27 am
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The Japanese currency was taking a breather from its recent rally as the BOJ began its two-day meeting on Tuesday, having surged over 2% against the dollar last week. A slew of factors have collided to help the yen strengthen from the 38-year low of 161.96 hit against the dollar at...
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Source: Reuters
2024-07-30 08:46:08 am
Gold lacks momentum as Fed meeting looms Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. U.S. gold futures were little changed at $2,377.30. The Federal Reserve is expected to hold rates steady at the end of its two-day meeting starting later in the day, but open the door to policy easing as early as September by acknowledging infla...
Gold lacks momentum as Fed meeting looms
Gold lacks momentum as Fed meeting looms
Source: Reuters
2024-07-30 08:41:26 am
Asia shares rebound, hoping for dovish outlooks in US and UK Asian shares bounced on Monday into a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward "normality". Oil prices inched up on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. [O/R] Also due this week is the U...
Asia shares rebound, hoping for dovish outlooks in US and UK
Asia shares rebound, hoping for dovish outlooks in US and UK
Source: Reuters
2024-07-29 09:14:17 am
Yen rises as Middle East tension exposes fragile sentiment The yen strengthened on Monday, reversing earlier declines, as an escalation in Middle-East tensions rignited safe-haven demand for the Japanese currency. Tel Aviv is weighing a response to a deadly rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. The market reaction exposes the fragility of investor sentiment following last week's swift tech share sell-off, which helped the yen rally to its strongest l...
Yen rises as Middle East tension exposes fragile sentiment
Yen rises as Middle East tension exposes fragile sentiment
Source: Reuters
2024-07-29 09:06:34 am
Yen heads for strongest week in 3 months as carry trades unwind The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen has dominated the currency markets this month, surging to a near three-month high of 151.945 per dollar on Thursday after starting the month languishing at 38-year lows of 161.96 per dollar. The large move follows suspected interventions from Tokyo in early July ...
Yen heads for strongest week in 3 months as carry trades unwind
Yen heads for strongest week in 3 months as carry trades unwind
Source: Reuters
2024-07-26 09:01:59 am
Yen steady, Asian stocks weak as wild week winds down The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets remained on the back foot a day after their worst session since mid-April. Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling. MSCI's broadest index of Asia-Pacific shares fell 0.55% on Friday, extending the 1.88% tumble from the previous day. Taiwan's stock benchmark slumped 3.3...
Yen steady, Asian stocks weak as wild week winds down
Yen steady, Asian stocks weak as wild week winds down
Source: Reuters
2024-07-26 08:54:47 am
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less risky assets, including short-dated bonds, the yen and Swiss franc. Chinese stocks were given little support after the country's central bank sprang a surprise cut in longer-term rates, adding to a recent rush of stimulus measures. The sell-off in stocks saw investors ramp up bets on rate cuts globally, with futures implying a 100% chance of a Federal Reserve easing in September....
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak
Source: Reuters
2024-07-25 09:05:13 am
Yen rises sharply as carry trades unwind, risk mood sours The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next week's Bank of Japan (BOJ) meeting, as yen carry trades unwound and risk appetite soured. The dollar, euro, sterling and other major currencies slumped more than 1% against the yen by the mid-morning in Asia, before paring some of those losses. Analysts attributed the yen's surge to the abandoning of short yen bets in the run up to t...
Yen rises sharply as carry trades unwind, risk mood sours
Yen rises sharply as carry trades unwind, risk mood sours
Source: Reuters
2024-07-25 08:45:01 am
Dollar set for weekly gain, cyber outage unnerves investors The dollar rose in jittery trading on Friday, as a worldwide cyber outage that hit banks, airlines and broadcasters unsettled investors, although volatility in the currency market remained contained. Signs of disruption in one of the world's busiest financial centres emerged as London trade got underway. LSEG Group, which runs the London Stock Exchange, suffered an outage that affected user access to some of its products. By around midday in Europe, the company said its services had be...
Dollar set for weekly gain, cyber outage unnerves investors
Dollar set for weekly gain, cyber outage unnerves investors
Source: Reuters
2024-07-19 08:49:35 am