The US Dollar started the week in a positive fashion on the back of further upside in US yields and shrinking bets on an interest rate cut at the June event. The move higher in the Greenback weighed on the risk complex and provoked a drop below 1.0900 in EUR/USD. Here is what you need
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The AUD/JPY gave up daily gains and struggled to make a decisive upward movement. The hourly chart signals a shift to short-term bearish traction, with a downturn of the RSI. To ensure continued bullish momentum, buyers must defend the main SMAs. On Monday’s session, the AUD/JPY pair is trading at 97.71, mildly down after peaking
Dow Jones climbs on Monday ahead of Fed’s Wednesday rate call. Equities shrug off declining June rate cut bets. Update to Fed’s Dot Plot and US PMI figures also due this week. The Dow Jones Industrial Average (DJIA) climbed on Monday as investors returned to risk bids to kick off a hectic central bank-themed trading
Canadian Dollar finds little chart momentum as investors gear up for a busy week. Canadian CPI inflation first on the docket, expected to tick up on Tuesday. Fed Wednesday brings rate call, updated Dot Plot. The Canadian Dollar (CAD) is sifting chart paper on Monday, easing into the trading week as investors take a moment
Bitcoin’s new large wallet investors have bought BTC at an average price of $56,400, mostly via Spot ETFs. Bitcoin’s realized capitalization data shows nearly 50% of realized cap is dominated by short-term holders, new investors. BTC halving is 30 days away and inflow to Spot ETFs has climbed to $2.5 billion in the past week.
Mexican Peso depreciates as local markets close for Benito Juarez’s birthday, USD/MXN aiming above 16.80. Banxico is widely anticipated to reduce interest rates slightly amidst a focus on upcoming US economic data and the FOMC outcome. Attention turns to key economic reports and central bank decisions in Mexico and the US this week. The Mexican
The NZD/JPY gave up daily gains and trades with losses in the American Session. The hourly chart, shows indicators moving towards oversold terrain. On the daily chart, indicators stand mostly flat. In Monday’s trading, the NZD/JPY reversed its course and gave up daily gains to decline towards 90.60. Recent movements show an intensification of seller