Foreign Exchange School

  September 13 - The pound tried to rise on Tuesday but failed to rise, indicating the possibility of further declines. The upcoming Consumer Price Index (CPI) data on Wednesday will be a pivotal moment and could decide the fate of the pound as the market seems inclined to anticipate higher interest rates. The pound tried to rise on Tuesday but failed to rise, indicating the possibility of further declines. The upcoming Consumer Price Index (CPI) data on Wednesday will be a key...

  SEPTEMBER 13 - The euro is under pressure after Germany released some "ugly" economic data, and economists warn that the situation is unlikely to improve soon. Germany's ZEW survey reported that its current assessment fell sharply to its lowest level since August 2020. After the data was released, the euro fell to 1.0712 against the dollar, which was also attributed to the dollar's rebound. After Germany released some ugly economic data,...

  September 13 - Kevin McCarthy, the Speaker of the House of Representatives, has launched an impeachment inquiry into US President Joe Biden over what the Republican leader called a "culture of corruption," several US media reported on Tuesday. McCarthy told reporters: "These allegations paint a picture of a culture of corruption. We find that President Biden did lie to the American people about what he knew about his family's overseas business dealings." According to several US media local time in the United States...

  From a technical point of view, the US index rose below 104.95 on Tuesday and fell above 104.40, which means that the dollar may continue to decline after its short-term rise. If the US index rises below 104.95 today, the target for the future decline will point to between 104.45--104.20. Today, the short-term resistance of the US index is at 104.70-104.75, and the short-term important resistance is at 104.90-1...

  A resilient US economy is likely to avoid recession if the Federal Reserve ends raising interest rates, but growth is set to slow next year because of higher borrowing costs, according to top economists at the country's biggest banks, who expect GDP to slow to 1.2 per cent in 2024 from an estimated 2 per cent this year as rising interest rates weigh on growth. However, economists are also increasingly optimistic that the Fed can achieve a rare "soft landing" without triggering an economic meltdown.

  Sept. 12 - The Australian dollar continues its downward trend as the U.S. dollar strengthens. The Australian dollar fell to a low of 0.6380 against the U.S. dollar last week, its lowest level since November 2022, as investors refocused on upcoming U.S. inflation data. It is down more than 10 percent from this year's high. The Australian dollar continues its downward trend as the U.S. dollar strengthens. The Australian dollar fell to 0.638 against the U.S. dollar last week as investors refocused on upcoming U.S. inflation data...

  Sept. 12 - The Australian dollar continues its downward trend as the U.S. dollar strengthens. The Australian dollar fell to a low of 0.6380 against the U.S. dollar last week, its lowest level since November 2022, as investors refocused on upcoming U.S. inflation data. It is down more than 10 percent from this year's high. The Australian dollar continues its downward trend as the U.S. dollar strengthens. The Australian dollar fell to 0.638 against the U.S. dollar last week as investors refocused on upcoming U.S. inflation data...

  APP News - A resilient U.S. economy may avoid recession if the Federal Reserve ends its interest rate hikes, but growth is set to slow next year due to rising borrowing costs. So say top economists at the nation's largest banks, who expect GDP to slow to 1.2 percent in 2024 from an estimated 2 percent this year as rising interest rates weigh on growth. However, economists are also growing increasingly optimistic that the Fed can achieve a rare "soft landing", or...

  Sep 11 - The pound opened the week on a positive note against the dollar, despite the lack of bullish belief. The dollar made a small correction from a multi-week high and is expected to support the pair. The hawkish stance of the Federal Reserve and expectations of the end of the Bank of England's rate hike cycle limited the upside. The pound opened the first day of the new week with a mild bullish gap against the dollar, although without any follow-up action, remaining below 1.2500 in the first half of the Asian trading session.

  Sept. 11 - The yen strengthened across the board against major currencies as Bank of Japan Governor Kazuo Ueda signaled a possible end to negative interest rates at the start of Asian trading on Monday, with the dollar/yen opening sharply lower by more than 80 points. Takeshi Ishida, currency strategist at Resona Bank Ltd., in Tokyo, said: "Ueda sounded hawkish in his remarks in an interview. We expect negative interest rate policy to begin in the first three days of 2024.

  Sept. 7 (Reuters) - Analysts expect the dollar to remain strong this year and weaken in 2024, according to a Reuters poll. Analysts expect the dollar to remain strong this year and weaken in 2024, according to a survey. A survey of foreign exchange strategists shows that the dollar's strength will be difficult to conquer before the end of the year, and they see upside risks to the dollar's outlook. Supported by a strong economy and rising U.S. Treasury yields, the dollar has been on the rise despite a few...

  SEPTEMBER 7 - Despite expectations that the dollar may not be as strong in the coming months, the yen's decline has not ended, according to analysts who are the most accurate in predicting the yen. Tohru Sasaki, head of Japan market research at JPMorgan Chase, said in an interview that the dollar/yen could rise to 152 this year and further climb to 155 in 2024. This means that the yen will hit its lowest level in more than 30 years. Analysts who are the most accurate in predicting the yen...

  SEPTEMBER 7 - On Wednesday (September 6), stronger-than-expected U.S. services data strengthened speculation that the Federal Reserve will maintain higher interest rates for a longer period of time, with U.S. stocks falling while Treasury yields climbed. On Wednesday (September 6), stronger-than-expected U.S. services data strengthened speculation that the Federal Reserve will maintain higher interest rates for a longer period of time. U.S. stocks fell while Treasury yields climbed. Major currencies and commodities closed on September 6. Forex: EUR/USD closed...

  Sept. 7 (Reuters) - Analysts expect the dollar to remain strong this year and weaken in 2024, according to a Reuters poll. Analysts expect the dollar to remain strong this year and weaken in 2024, according to a survey. A survey of foreign exchange strategists shows that the dollar's strength will be difficult to conquer before the end of the year, and they see upside risks to the dollar's outlook. Supported by a strong economy and rising U.S. Treasury yields, the dollar has been on the rise despite a few...

  With the end of the Labor Day holiday, the summer driving season in the United States is coming to an end, but gasoline prices are still at their highest seasonal level in more than a decade. Societe Generale is concerned that inflation could pick up again, posing a challenge to President Biden's re-election. The average price of regular gasoline at gas stations across the United States is currently $3.811 a gallon, up from the level of the same period last year and the second highest level since the American Automobile Association in 1994. Generally speaking, after entering the fall, the auto...