Category Archives: Daily Market Analysis
Yen Rallies on BoJ Hawkish Comment
Written on December 8, 2023 at 5:50 am, by pugeditor
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 pugeditor
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 pugeditor
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
