USD/JPY Posts 4+ Years High
It took the Dollar almost a month to break above October multi-year highs, but yesterday it managed to reach its highest levels since March 2017, extending them today
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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It took the Dollar almost a month to break above October multi-year highs, but yesterday it managed to reach its highest levels since March 2017, extending them today
Monetary policy differential, recent dovish remarks by the ECB president, hawkish comments from Fed officials and upbeat data from the United States, have put relentless pressure on the pair
Gold started the week on the back foot, but today it extends this month’s advance, with gains of around 5%, rising to its highest level since June
One of the hottest startups in the Electric Vehicle (EV) arena announced solid quarterly results on Monday, after US markets closed
The Aussie started off on a good footing, but dovish comments from the governor of the Reserve Bank of Australia (RBA) eventually push it into negative territory
The Eurodollar had opened the week in good mood, but things deteriorated quickly during the US session and in the aftermath of Ms. Lagarde’s dovish remarks
The current week starts with losses, same way the previous ended, despite the fact that it constituted its third straight profitable one and was accompanied by new month highs
The European plane manufacturer announced an order form Indigo Partners, for 255 aircrafts, as it tries to move away from the pandemic era.
Australia’s largest trade partner, China, released improved Retail Sales and industrial production for the month of October, providing a boost to the Aussie and to overall market sentiment
This week starts with improved sentiment, helped by better than expected economic data from China, which works against the US Dollar.
High US Inflation and the relevant rise in US Yields and Fed rate hike bets, were the main themes during this week and the key drivers of market movement, while we also had some high profile companies reporting
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