Fresh-Forexcast2004

Fresh-Forexcast2004

The Dollar-Yen pair rose to 155.900 during the Asian session on Friday as the Japanese Yen (JPY) faced fresh pressure. This was due to the Bank of Japan (BoJ) maintaining its bond purchases from the previous operation, abandoning an unexpected cut in debt purchases earlier this week. Traders speculate that the BoJ may cut bond purchases at its June meeting. BOJ...

Fresh-Forexcast2004

GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 . The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Number of initial applications for unemployment benefits GBPUSD: The GBP and USD pair continues to rise near 1.26900 on Thursday during the early Asian session. The rise in the major pair is supported by a weaker dollar following the release of weaker CPI inflation data in the US. UK employment data showed...

Fresh-Forexcast2004

The Euro-dollar pair is trading with a bullish bias around 1.08150 in the early hours of Asian trading on Wednesday. Later, markets may shift to cautious sentiment ahead of key economic data releases from the Eurozone and the US. Wednesday's highlights will be the first reading of the Eurozone's first quarter gross domestic product (GDP) and the April US consumer...

Fresh-Forexcast2004

The Dollar-Yen pair continues to rally around 156.20 and higher in the early hours of Asian trading on Tuesday. The Japanese Yen is losing ground against the US Dollar (USD) despite the hawkish signal from the Bank of Japan (BoJ) to reduce Japanese government bond purchases on Monday, as well as unfavorable Non-Farm Payrolls (NFP) data for April last...

Fresh-Forexcast2004

EURUSD: The EUR/USD pair is trading down near 1.0770 in the early hours of Asian trading on Monday. Investors have shifted into a cautious mode and prefer to wait and see ahead of the release of key economic data from the US this week. Wednesday's centerpiece will be the final reading of the Consumer Price Index (CPI) for April, which is expected to show a 3.4%...

Fresh-Forexcast2004

USDJPY: USDJPY is trading near 155.70 on Friday in the early hours of Asian trading. Renewed demand for the US dollar (USD) is lifting the pair. However, verbal intervention and hawkish commentary from Bank of Japan (BOJ) Governor Kazuo Ueda may limit the decline in the Japanese Yen (JPY) for now. San Francisco Fed President Mary Daly said Thursday that the...

Fresh-Forexcast2004

Events to pay attention to today: 14:00 GMT+3. USD - BoE Interest Rate Decision GBP/USD remains on the defensive around 1.24950 on Thursday in the early Asian session. The greenback has risen for the third consecutive day, putting pressure on the major pair. Traders are shifting into a more cautious mode ahead of the Bank of England's (BoE) interest rate...

Fresh-Forexcast2004

The Euro-dollar pair extended its losses for the second consecutive session, trading near 1.07400 during the Asian session on Wednesday. The US dollar (USD) is strengthening on expectations that the Federal Reserve (Fed) will extend interest rate hikes. However, weaker US jobs data over the past week has revived hopes of a possible interest rate cut by the Federal...

Fresh-Forexcast2004

USDJPY: Unfavorable U.S. non-farm payrolls (NFP) and services PMI data last week raised expectations that the U.S. Federal Reserve (Fed) will cut interest rates this year. Traders expect the Fed to start lowering borrowing costs at its September meeting. However, Fed Chair Michelle Bowman said last week that she would be willing to raise interest rates further...

Fresh-Forexcast2004

The GBP/USD pair continued its winning streak for the fourth consecutive day, trading near 1.25500 during Asian trading hours on Monday. The strengthening of the GBP/USD pair may be attributed to revised expectations for an interest rate cut by the Federal Reserve (Fed) in 2024 following the release of lower-than-expected US employment data. On Friday, the US...

Fresh-Forexcast2004

On Thursday, the EUR/USD returned to the upper boundary of the recent consolidation, regaining territory north of 1.07000 as market risk appetite rebalances ahead of Friday's US Non-Farm Payrolls (NFP) data. With European economic data scarce on Friday, investors will focus on the US employment data due out early in the US market session. The US employment data,...

Fresh-Forexcast2004

Snapchat ( #Snapchat ) shares surged by 27% to $14.5 per share, following the post-market trading on the New York Stock Exchange on Friday, April 26. And they continue to climb this week: Several factors contributed to this rapid growth: Demand for Snap shares increased after the release of financial results. Snap noted that its business is growing...

Fresh-Forexcast2004

The Japanese yen (JPY) jumped to a two-week high against its U.S. counterpart on Wednesday amid speculation that Japan's financial authorities stepped in again, for the second time in a week, to support the domestic currency. This came amid a sell-off in the US dollar (USD) following the FOMC meeting and took the USD/JPY pair to 153.000. The yen, however, trimmed...

Fresh-Forexcast2004

Events to watch out for today: 17:00 GMT+3. USD - ISM manufacturing index 21:00 GMT+3. USD - FOMC decision on the key interest rate GBPUSD: GBPUSD is holding below 1.2490 during the early Asian session on Wednesday. The major pair's decline is supported by a strengthening US Dollar (USD) amid cautious sentiment ahead of the US Federal Reserve's (Fed)...

Fresh-Forexcast2004

Event to pay attention to today: 09:45 GMT+3. EUR - HICP y/y 11:00 GMT+3. EUR - GDP y/y On Monday, the EUR/USD fluctuated near 1.07200, after a narrow but lopsided range as markets came to terms with the expectation of Wednesday's US Federal Reserve (Fed) meeting. Investors generally expect US rates to remain unchanged this week, but traders will be looking...

Fresh-Forexcast2004

The Japanese yen (JPY) remains under heavy selling pressure on the first day of the new week, pushing the USD/JPY pair above the psychological 160.00 mark for the first time since October 1986. The significant divergence in the Bank of Japan's policy outlook and the Fed's hawkish expectations continue to undermine the yen amid relatively low liquidity amid the...

Fresh-Forexcast2004

The GBP/USD pair is trading on a weak note around 1.2502 in the early hours of Asian trading on Friday. A moderate rise in the US Dollar (USD) is weighing on the major pair despite weak US GDP growth data. On Friday, the focus will be on the Personal Consumption Expenditure (PCE) price index data. On Thursday, the US economy grew at a slower pace of 1.6% in the...