Forex Market

Quick Overview Price Increases and Consumer Backlash: Formal businesses in Zimbabwe are raising prices, driving consumers to the informal sector. Currency Challenges: Businesses are reluctant to accept Zimbabwe’s ZWG currency, exacerbating economic instability. Government Action: Strict regulations, including fines, are being imposed to curb price inflation and ensure compliance. Informal Sector Growth: Informal traders benefit …

Surviving Economic Turbulence: Zimbabwe’s 13.8 ZWG Challenge Read More »

Quick Overview Economic Growth: Strong growth in Asia, notably in China and India, has fueled currency appreciation through increased demand. Trade Balances: Improved trade surpluses, particularly in export-driven economies like South Korea and Taiwan, bolster currency strength. Monetary Policy: Easing global inflation allowed for accommodative policies, boosting capital inflows, but tightening global rates poses risks. …

Surge in Asian Currencies Driven by Economic Growth Read More »

Quick Overview Economic Growth Forecast: Singapore revised its GDP growth forecast to 2%-3% due to strong external demand. Market Reactions: Singapore shares rose 1%, and the Singapore dollar appreciated by 0.1% against the US dollar. GDP Performance: Singapore’s GDP grew by 2.9% year-on-year in Q2, surpassing expectations. Indonesia’s Economic Gains: Indonesian stocks and the rupiah …

Singapore Ups Growth Forecast to 2-3%, Shares Rally 1% Read More »

Key Look: The USD/CAD decline is driven by expectations that the Fed will implement three rate cuts in 2024 due to cooling inflation and an easing labour market. The USD/CAD pair hit an eight-month high of 1.3865 but retracted to around 1.3850 amidst dovish sentiment. A decline in US Treasury yields (2-year at 4.39%, 10-year …

USD/CAD Declines Amid Dovish Fed’s 2024 Policy Outlook Read More »

Quick Look: Japan’s Monetary Policy: The yen rises as Japan’s ruling party calls for the BOJ to normalize monetary policy; the next rate decision is on July 31. U.S. Dollar Performance: The dollar index is up 0.1% amid anticipation of inflation data; Australian and New Zealand dollars weaken following China’s rate cuts. U.S. Home Sales: …

Yen Rises, U.S. Home Sales Fall, Crypto Market Woes Persist Read More »

Quick Look: The USD/CHF pair remains stable at 0.8940, reflecting cautious optimism amid upcoming Fed speeches. Fed’s Dr. Adriana Kugler highlights holding current rates until more robust inflation data emerges. Key US economic data and Fed Beige Book reports shape market expectations. In the ever-fluctuating world of forex trading, the USD/CHF currency pair remains a …

USD/CHF at 0.8940, Steady Before Key Fed Speeches Read More »

Quick Look: BoJ’s Interest Rate Outlook: While BoJ keeps rates unchanged, the potential for a 10 basis point hike in the July 31 meeting, with more hikes likely in September and December, should keep us all anticipative and forward-looking. Bond Buying Program: BoJ currently buys 6 trillion yen of bonds monthly; a proposed reduction to …

BoJ Rate Hikes: USD/JPY Trends & Economic Signals Read More »

Quick Look: USD lost 1% last week, halting a four-week winning streak. USD weakened against EUR (1.10%) and GBP (1.28%), slight gain against JPY (0.10%). Upcoming Sentix Investor Confidence and US Consumer Credit Change data will influence USD. June figures hit 206,000, exceeding expectations, but May’s figures were revised. EUR/USD remained stable at 1.0830 despite …

USD’s 1% Weekly Loss Ends 4-Week Winning Streak Read More »