[Tree] GBP/USD, rate cut hopes, US economic data, UK general election, US jobless claims, ISM services survey, US interest rates
Version 0.61 (2024-07-04 12:58:59.821000)
updates: US jobless claims, ISM services survey, US interest rates
- ➔
- ➔
Version 0.6 (2024-07-03 23:53:53.696000)
updates: GBP/USD extends rally as rate cut hopes reignite
- ➔
Version 0.59 (2024-07-03 11:00:44.499000)
updates: Updates on Powell's comments and UK PMI figures
- ➔
- ➔
- ➔
Version 0.58 (2024-07-03 03:53:56.697000)
updates: Integration of new information about GBP/USD awaiting US data and FOMC minutes
- ➔
- ➔
Version 0.57 (2024-07-02 23:55:12.955000)
updates: Updates on GBP/USD rally, weaker US dollar, and rate cut expectations
- ➔
Version 0.56 (2024-07-01 16:57:46.661000)
updates: The Pound Sterling erased earlier gains against the Greenback as worries about a recession in the US loom.
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.55 (2024-07-01 15:55:26.375000)
updates: GBP/USD erases gains as weak US data raises concerns of a potential recession
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.54 (2024-07-01 08:54:51.219000)
updates: Updates on GBP/USD resistance at 1.2700, US economic data
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.51 (2024-06-28 09:54:42.760000)
updates: GBP/USD outlook, US PCE price index report
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.5 (2024-06-27 23:56:16.669000)
updates: Updated information on GBP/USD technical levels and upcoming US inflation data
- ➔
- ➔
- ➔
- ➔
Version 0.49 (2024-06-27 07:59:44.954000)
updates: GBP/USD pair drops to lowest swing since May 15th [e0dbcca7]
- ➔
- ➔
- ➔
- ➔
Version 0.48 (2024-06-24 03:55:01.713000)
updates: Updates on GBP/USD rate forecast, Bank of England's rate cut prospects, US economic data
- ➔
- ➔
- ➔
- ➔
Version 0.47 (2024-06-13 23:54:56.330000)
updates: The Federal Reserve indicates only one rate cut this year
- ➔
- ➔
- ➔
Version 0.46 (2024-06-07 16:53:17.327000)
updates: GBP/USD falls as strong US jobs data dampen rate cut hopes
- ➔
- ➔
Version 0.44 (2024-06-06 00:56:51.950000)
updates: Updates on Bank of Japan's stance, wage growth, Services PMI, Yen weakness, and US labor market data
- ➔
Version 0.43 (2024-06-05 04:53:45.375000)
updates: The Japanese Yen depreciates as investors adopt caution ahead of the US ADP Employment Change and ISM PMI. The JPY could find support as Labor Cash Earnings surged by 2.1% YoY in April, marking the highest level since June last year. The US Dollar may find trouble due to the rising possibility of the Fed implementing its first rate cut in September. The JPY could face further downward pressure due to the interest rate differential between the United States (US) and Japan. The Jibun Bank Japan Services PMI was revised higher to 53.8 in May from the previous figure of 53.6. The US Dollar Index (DXY) has edged higher due to the improvement in US Treasury yields. Traders are now pricing in nearly 64.9% odds of a Fed rate cut of at least 25 basis points. The JOLTS US Job Openings declined by 296,000 to 8.059 million in April. Bank of Japan (BoJ) Governor Kazuo Ueda said the central bank will conduct 'nimble' market operations if long-term interest rates spike. Japan's government will highlight the challenges a weak Yen poses for households in this year's long-term economic policy roadmap. The ISM Manufacturing PMI unexpectedly dropped to 48.7 in May. Japanese Economy Minister Yoshitaka Shindo announced that the government will 'continue efforts for primary balance to reach within surplus territory in FY 2025.' Atlanta Fed President Raphael Bostic stated that he does not think additional rate increases are necessary to achieve the Fed's 2% annual inflation target. New York Fed President John Williams stated that inflation is currently too high but should start to decline in the second half of 2024. The USD/JPY pair trades around 155.50 on Wednesday. Immediate support for the USD/JPY pair could be found at the psychological level of 155.00, followed by the 50-day Exponential Moving Average (EMA) at 154.70. On the upside, a key barrier is evident at the psychological level of 156.00. The Japanese Yen (JPY) is broadly determined by the performance of the Japanese economy, the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders. The Bank of Japan’s moves are key for the Yen. The differential between Japanese and US bond yields favors the US Dollar against the Japanese Yen. The Japanese Yen is often seen as a safe-haven investment. Gold price manages to hold its neck above a multi-week low touched on Monday. Uniswap's price spiked on Tuesday after its cryptic social media post increased bullish sentiment among investors. Although the latest CPI data revealed that inflation in the US has resumed its downtrend, Fed officials have been continuously signaling patience about when they may start lowering interest rates.
- ➔
Version 0.42 (2024-06-04 09:53:20.969000)
updates: Yen Soars on Rising Rate Hike Bets, USD/JPY Faces Bearish Trend
- ➔
- ➔
- ➔
Version 0.41 (2024-06-04 00:55:31.037000)
updates: Added information about the upcoming JGB auction and US labor market data
- ➔
- ➔
Version 0.4 (2024-06-04 00:52:33.689000)
updates: USD/JPY is facing challenges as US economic data weakens
- ➔
Version 0.39 (2024-03-21 06:22:25.659000)
updates: USD/JPY pair is in a potential correction phase, with support levels marked by Fibonacci retracement levels. The 100 SMA has crossed below the 200 SMA, indicating a downside bias. The 61.8% Fib near the 148.50 mark is a crucial level to watch. The US dollar has given back some of its recent gains after the FOMC statement. Flash PMI readings from the US economy are expected later today.
- ➔
Version 0.38 (2024-03-14 20:21:20.168000)
updates: Analysis and forecast of USD/JPY pair based on recent price movement and upcoming US economic data
- ➔
Version 0.37 (2024-03-14 11:17:47.410000)
updates: Inclusion of information about US retail sales and the Bank of Japan's upcoming meeting
- ➔
- ➔
Version 0.35 (2024-03-08 01:17:47.250000)
updates: USD/JPY drops to five-week lows as US NFP data looms
- ➔
Version 0.34 (2024-03-06 11:19:51.737000)
updates: Technical analysis and bullish trend for USD/JPY
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.33 (2024-03-06 01:20:39.221000)
updates: The article provides updated information on the USD/JPY currency pair, including the recent decline and upcoming factors that could impact its movement. It highlights the importance of Bank of Japan (BoJ) chatter, US labor market data, and a speech by Fed Chair Powell. The article also mentions the recent inflation numbers for Tokyo and the US ISM Services PMI. Additionally, it provides technical analysis and potential resistance and support levels for the USD/JPY currency pair. The article also includes information on the EURJPY pair, the US dollar's performance in the foreign exchange market, and other relevant news and analysis related to the US dollar. It also mentions the German software company SAP SE's restructuring plan and provides an update on the Japanese and US economies. The article concludes by discussing the recent repricing of the Federal Reserve's policy outlook and its impact on the US dollar. It also includes a technical outlook for various currency pairs [fec8302b].
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.32 (2024-03-04 01:17:00.496000)
updates: New information about capital spending numbers from Japan and the focus on Shunto wage negotiations and BoJ commentary
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.31 (2024-03-01 01:19:13.787000)
updates: USD/JPY forecast, consumer confidence, Fed speeches
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.3 (2024-02-26 10:28:05.614000)
updates: Technical outlook for USDJPY, EURUSD, NZDUSD
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.29 (2024-02-18 17:16:09.736000)
updates: EURJPY technical analysis and FOMC meeting minutes
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.28 (2024-02-18 06:16:12.864000)
updates: Updates on US dollar forecast and technical analysis for EUR/USD, USD/JPY, USD/CAD
- ➔
- ➔
- ➔
- ➔
Version 0.27 (2024-02-16 15:16:36.551000)
updates: US dollar strengthens as US economy pulls further ahead of Japan
- ➔
- ➔
- ➔
Version 0.26 (2024-02-09 12:13:41.931000)
updates: Updates on the strength of the US dollar in the FX market
- ➔
- ➔
Version 0.25 (2024-02-07 15:14:48.225000)
updates: Inclusion of information on the pound and yen gaining against the USD
- ➔
- ➔
Version 0.24 (2024-02-07 10:12:57.641000)
updates: Updates on the performance of the US dollar and other major currencies
- ➔
- ➔
Version 0.23 (2024-02-04 19:13:15.354000)
updates: US dollar surges after strong nonfarm payrolls, NZD falls
- ➔
- ➔
Version 0.22 (2024-01-24 03:03:40.077000)
updates: Updates on Australian and New Zealand dollars, inflation report, tax cuts, and SAP SE restructuring
- ➔
Version 0.21 (2024-01-24 03:00:48.750000)
updates: The NZD/USD pair struggles to maintain gains after CPI report
- ➔
Version 0.2 (2024-01-23 15:03:58.988000)
updates: Updates on NZD/USD exchange rate and inflation
- ➔
- ➔
- ➔
Version 0.19 (2024-01-19 05:47:08.551000)
updates: Australian and New Zealand Dollars rebound as risk sentiment improves
- ➔
- ➔
Version 0.18 (2024-01-12 02:16:31.545000)
updates: Updates on the strengthening of Australian and New Zealand Dollars, expectations of US and EU rate cuts
- ➔
Version 0.17 (2024-01-11 12:18:12.609000)
updates: Integration of new information about the US dollar, Federal Reserve, risk appetite, Chinese PMIs, and Chicago PMI
- ➔
Version 0.16 (2023-12-29 12:03:49.174000)
updates: Integration of new information about the US dollar, Federal Reserve, risk appetite, Chinese PMIs, and Chicago PMI
- ➔
Version 0.15 (2023-12-28 11:01:01.397000)
updates: Correction in NZD/USD pair, recovery in US Treasury yields, mention of Caixin Manufacturing PMI data
- ➔
Version 0.14 (2023-12-22 13:00:45.428000)
updates: NZD/USD breaks resistance level, US PCE Prices Index update
- ➔
Version 0.13 (2023-12-21 01:01:57.993000)
updates: NZD/USD recovers some losses, positive economic data from New Zealand and the US
- ➔
Version 0.12 (2023-12-20 02:02:12.853000)
updates: Inclusion of NZD/USD pair losing ground and RBNZ Governor's comments
- ➔
Version 0.09 (2023-11-24 07:07:08.926000)
updates: New Zealand Dollar gains as global stocks rise, oil prices fall
- ➔
Version 0.07 (2023-11-07 09:25:50.538000)
updates: Added information about the NZD/USD pair extending its downward trend and the factors contributing to USD strength
- ➔
- ➔
- ➔
- ➔
Version 0.06 (2023-11-06 02:20:27.022000)
updates: Added information on the NZD/USD jump and ANZ's perspective
- ➔
- ➔
- ➔
Version 0.03 (2023-10-24 15:03:19.628000)
updates: The title is modified to include the US Dollar strength and the data-packed week
- ➔
Version 0.02 (2023-10-10 10:15:30.388000)
updates: Added information about NZD/USD pair and risk sentiment
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.01 (2023-10-10 08:30:49.765000)
updates: Added information about the US Dollar recovery and its impact on the Australian Dollar
- ➔
- ➔
- ➔
- ➔