USD/JPY Heads towards 3rd Losing Week as Market Await US Inflation Update
The pair is soft today and runs its third straight negative week, as fears over the Fed’s tightening path ebb in the aftermath of Wednesday’s minutes
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.
Page 97 of 140
The pair is soft today and runs its third straight negative week, as fears over the Fed’s tightening path ebb in the aftermath of Wednesday’s minutes
The commodity is in a consolidation pattern this week, but finds support as US EIA stockpiles shrunk and the CEO of oil giant Aramco warned of low spare capacity
ETH/USD is on the back foot today and heads towards the eight straight negative week, as ECB’s Lagarde and other speakers have slammed cryptos, in the aftermath of their recent rout
The pair is running its second straight profitable week, but faces pushback ahead of key technical levels, after yesterday’s rather hawkish minutes by the Fed
Snap issued a profit warning on Tuesday, causing its stock to plunge and weighed on other tech stocks and the NAS100, amidst an unfavorable environment for the tech sector
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
XAU/USD may be flat today, but moves towards its first profitable week in a month, helped by risk aversion and the greenback’s demise
During the week of May 16-20 Twitter remained in the spotlight, Wall Street languished as poor results from major retailers reignited fears of stagflation, China’s Xiaomi saw a revenue drop, while more news were in the spotlight
Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week
The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise
Broader market sentiment remains downbeat after poor quarterly results from US retailers reignited fears of stagflation, which weigh on the commodity
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.