[EUR/USD] Euro Weakness Adjustment
Last weekend, the Eurozone’s November PMI results were weaker than expected, causing increased selling of the euro. The euro fell below the low of 1.0450, the lowest in about two …
[USD/JPY] Risk-Off and U.S. Interest Rates
Last week, the U.S. dollar/yen (USD/JPY) dropped to the lower 152 yen level due to increased geopolitical risks after Russia’s ICBM launch. However, the strong momentum of the U.S. dollar, …
[XAU/USD] V-Shaped Recovery
After the U.S. dollar started to strengthen with the ‘Trump Trade’ on November 6, last week’s gold prices returned to around the previous high of 2710. On November 18, reports …
[ZAR/JPY] South African Reserve Bank (SARB) Rate Cut and Geopolitical Risks
At yesterday’s SARB policy meeting, it was decided unanimously to lower the policy interest rate from 8.0% to 7.75%, as expected. This rate cut came after October’s CPI (consumer price …
[USD/JPY] Bank of Japan (BOJ) Rate Hike Speculations and Geopolitical Risks
After the Tokyo market closed, BOJ Governor Ueda suggested the possibility of a rate hike in the December meeting. Meanwhile, NY Federal Reserve President Williams commented that interest rates might …
[XAU/USD] Geopolitical Risks Rising Further
Previously, it seemed like the heightened risk caused by Russia’s approval of changes to its nuclear doctrine had calmed down for now. However, reports yesterday of an intercontinental ballistic missile …
[EUR/USD] Moving into a 1.06–1.05 Range
After falling the previous day, the euro started strong, showing solid support. However, it fell again in the European market due to rising U.S. long-term interest rates. During the New …
[USD/JPY] Yen and Dollar Buying as Risks Rise
In the Tokyo market, the USD/JPY rate rose due to dollar buying triggered by the Gotobi day (a day when companies typically settle payments, increasing dollar demand). Later, in the …
[XAU/USD] Geopolitical Risks Persist
Gold prices rose after Russia approved a revision to its nuclear doctrine the day before, increasing fears of nuclear war. However, this upward trend calmed down, and gold prices returned …
[EUR/USD] Building a Base
After reports about changes to Russia’s nuclear doctrine, the euro dropped to 1.0524. However, it stopped falling near the previous day’s low and eventually recovered to previous levels. Since the …