Key Points EUR/USD Movement: Recently above 1.0800, influenced by U.S. dollar weakness and Treasury yield changes; GBP/USD Update: Exceeds 1.2550, with market focus on potential Bank of England rate cuts; USD/CAD Dynamics: Shows minimal change
Quick Overview Bullish Trend Persists: Despite occasional interventions, USD/JPY remains firmly bullish with expectations of rising beyond current levels. Key Support at 152 Yen: The 152 yen level is a significant support, reinforced by the
At a Glance Yen Plunges to 34-Year Low: The Japanese yen dropped to 154.88 against the dollar, prompting former currency official MF to suggest potential market intervention. Imminent Financial Events: A critical Bank of Japan
Quick Overview Traders Anticipate Lows: Many are building short positions on EUR/USD, preparing for potential lows near last year’s $0.9535 Bank of America’s Forecast: Only a 10% chance of the euro hitting $1.00 in the
At a Glance Geopolitical Tensions Drive Safe-Haven Assets: Israeli strikes in Iran prompt investors to favour stable investments like gold, reflecting heightened market uncertainty Stocks and Currency React: U.S. stock indices and currency pairs fluctuate,
Quick Look Auction Postponed: Vietnam’s auction of 17,000 taels of gold was delayed due to a lack of participant registration; Gold Price Surge: Local gold prices soared to approximately $4,428 per tael, a 15% increase
Quick Look: EUR/USD fell below 1.0635, setting new lows since last November; USD/JPY reached its highest level since 1990, showing strong dollar demand; GBP/USD is under pressure, possibly dropping to 1.2325; Fed’s rate hikes total
Quick Look: February saw core machinery orders jump 7.7%, surpassing expectations. Year-on-year capital spending fell by 1.8%, but less than forecasted. Bank of Japan ends negative interest rates, boosting economic outlook. Wages are rising, potentially
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