USDJPY Adjusts Amid Mixed Signals from Japan’s Economic Data

Markets Groundhog day on US interest rate markets. At the end of April, US money markets were positioned for a first Fed rate cut at the December. It made them vulnerable to soft patches in eco figures. By mid-May, the pendulum swung to a first rate cut in September with follow-up action in December. At […]

USDCHF reversed from resistance area Likely to fall to support level 0.8400 USDCHF currency pair recently reversed down from the resistance area located at the intersection of the key resistance level 0.8525 (upper border of the narrow sideways price range inside which the pair is moving from August) and the upper daily Bollinger Band. The […]

Fed cuts by 50bps, sees another 50bps by December Investors turn more dovish, which implies upside risks Focus turns to PCE inflation due out on Friday at 12:30 GMT Some investors expect a back-to-back 50bps cut The Fed decided to begin this easing cycle with a double 50bps rate cut at last week’s decision, with […]