US Open – 25 January 2024 (Video)
Watch today’s US Open for insights on the ECB hold and its impact on EUR/USD, Tesla’s underwhelming results and more
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Watch today’s US Open for insights on the ECB hold and its impact on EUR/USD, Tesla’s underwhelming results and more
The Bank of Japan maintained its loose setting but also pointed to confidence that it will restore price stability, so the pair fails to benefit, while markets await US PCE inflation update and other key data
Watch today’s US Open for insights on BoJ inaction and the impact on USD/JPY, the upcoming ECB decision, the highly anticipated earnings from Netflix and tesla and more
The USDOLLAR is repricing as the chances of a March rate cut dissipate. Currently the CME FedWatch Tool has the probability for a March cut at 42.4%, which is a big decline from the 76.98% from a weak ago.
The pair extends this month’s gains as further moderation in Japanese inflation raises the bar for BoJ normalization and recent Fed speakers temper aggressive market bets for Fed rate cuts
The Australian economy lost more than 65,000 jobs in December according to today’s data, keeping the pair in precarious position, as it runs its third straight losing week
The pair drops as further moderation in the pace of wage increases takes some of the pressure off the central bank, but Wednesday’s inflation data loom
Australian inflation eased substantially to 4.3% in November, which along with subdued economic activity allows the RBA to stay on the sidelines, but the pair finds support as market await US CPI update
Watch today’s US Open for insights on the solid US jobs report, dovish Fed commentary and the upcoming US CPI inflation report
The pair lacks firm direction as markets digest the recent US jobs data and Fed speak, ahead of Thursday’s CPI inflation report
The pair rises this week in the aftermath of the BoJ’s inaction and yesterday’s Fed minutes, which noted uncertainty around the policy path, as markets await the US jobs report
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