[USD/JPY] Easing of U.S.-China Trade Tensions
Last week, worries about U.S.-China trade problems caused people to sell the U.S. dollar. Also, weak U.S. manufacturing data pushed the dollar down to 142.38 yen. However, it did not …
[EUR/USD] ECB Nears End of Interest Rate Cuts
Last week, the European Central Bank (ECB) lowered interest rates by 0.25%, as expected. After that, ECB President Lagarde said this rate cut may be close to the end of …
[XAU/USD] Easing of US-China Tensions
Gold prices continued to rise during the European trading session. However, they started to fall after the European Central Bank (ECB) meeting, where it was suggested that interest rate cuts …
[USD/JPY] Easing of US-China Tensions
After weak U.S. economic data the day before, the dollar fell, but in Tokyo trading, USD/JPY stayed firm and reached 142.54 yen. In New York, jobless claims were higher than …
[EUR/USD] European Central Bank (ECB) Nears End of Rate Cuts
At yesterday’s European Central Bank (ECB) meeting, the interest rate was cut by 0.25% to 2.15%, as expected. The official statement repeated that if trade tensions grow, economic growth and …
[XAU/USD] Weak U.S. Economic Data
After the Tokyo market closed, President Trump said that making a deal with China would be “very difficult.” This caused more worry in the market, and many investors bought gold …
[USD/JPY] Weaker Dollar, Stronger Yen
During New York trading hours, two important U.S. economic reports (ADP employment data and ISM non-manufacturing index) showed much weaker results than expected. This caused the U.S. dollar to fall …
[EUR/USD] European Central Bank (ECB) and U.S. Rate Cuts
Yesterday, U.S. economic reports (ADP jobs data and ISM non-manufacturing index) showed the economy is weaker than expected. This caused the U.S. dollar to fall, and the euro rose to …
[XAU/USD] Job Openings and Labor Turnover Survey (JOLTS) Report
Gold had been rising due to concerns about U.S.-China trade tensions. However, the gold price dropped after the U.S. April Job Openings and Labor Turnover Survey (JOLTS) report came out …
[USD/JPY] Recovery from Previous Day’s Drop
At the start of the Tokyo market, Bank of Japan Governor Ueda showed a cautious stance on raising interest rates. This caused people to sell the yen. However, strong selling …