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Category Archives: Daily Market Analysis

Yen Rallies on BoJ Hawkish Comment

Written on December 8, 2023 at 5:50 am, by

Governor Ueda remarked on the exploration of diverse options to navigate the country out of its negative interest rate regime leading to a substantial 2% drop in the USD/JPY pair overnight The Japanese Yen staged a robust rally in the previous session, leading to a substantial 2% drop in the USD/JPY pair overnight. This surgeContinue Reading

Dollar Mutes As U.S. Job Data Comes Short

Written on December 7, 2023 at 5:53 am, by

In yesterday’s highly anticipated release of the ADP Non-Farm Unemployment Change data, the dollar failed to gather momentum as the figure came short. In yesterday’s highly anticipated release of the ADP Non-Farm Unemployment Change data, the dollar failed to gather momentum as the figure came short. Persistent downward pressure on the dollar’s strength ensued asContinue Reading

Dollar Bolsters Due To PMI Readings

Written on December 6, 2023 at 5:38 am, by

The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial NFP The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial Non-Farm Payrolls (NFP) reportContinue Reading

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