USD/JPY Subdued at Key Tech Levels Ahead of US CPI Inflation
USD/JPY has faced pressure following last month’s 32-year highs, testing key technical levels this week, as markets brace for another inflation update from the United States
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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USD/JPY has faced pressure following last month’s 32-year highs, testing key technical levels this week, as markets brace for another inflation update from the United States
XAU/USD runs it second straight profitable week on the back of a recently deflated USDollar, but it may struggle for further gains
Cryptocurrencies take a hit this week as crypto exchange FTX faced liquidity issues and rival Binance agreed to acquire its non-US operations
The Walt Disney Company reported its latest quarterly results, which revealed that its gap over Netflix on paid subscribers broadened, but its top and bottom lines were a source of disappointment
After last week’s Fed-fueled decline, the tech heavy index started the current one strong, with markets now awaiting today’s mid-term elections and Thursday’s CPI inflation update
The pair kicked-off the current week with a strong showing, same way it finished the previous one, but losses steam today, ahead of Thursday’s US inflation update
The commodity opened the new week on the back foot amidst trade worries and China’s commitment to the zero-Covid policy
During the week of October 31-November 4 European automakers and Chinese EV startups were in the spotlight, along with ride-hailing firm Uber and other corporations from various sectors
BTC/USD dropped after the Fed’s latest jumbo rate hike on Wednesday, but shows resiliency to the hawkish commentary, trying to avoid a losing week
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets
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