Foreign Exchange School

  On Monday (October 9), Dallas Federal Reserve President and FOMC (FOMC) voting committee Logan said that the recent rise in long-term U.S. Treasury bond yields and the general tightening of financial conditions may mean that the Federal Reserve needs to raise interest rates further. "Federal Reserve mouthpiece", Wall Street Journal reporter Nick Timiraos said that Logan has been a hawkish member of the FOMC, and he has expressed his opinion on the recent U.S. Treasury yield and term premium...

  October 10 - Goldman Sachs has warned that a longer period of higher interest rates by the Federal Reserve will put pressure on the economy and markets. Strategists say this mainly means a long-term drag on GDP. Higher interest rates could also put pressure on stocks and cause more pain for businesses. Goldman Sachs said the Fed's prolonged tightening of monetary policy will put pressure on markets and the economy for the foreseeable future. Take Jan Hat...

  Japan may not intervene in the currency market to reverse the yen's decline, former foreign exchange minister Naoyuki Shinohara said, as the yen's continued depreciation reached the 150 mark. Japan may not seek to intervene in the currency market to reverse the yen's decline, as the recent decline reflects economic fundamentals, said Naoyuki Shinohara, former foreign exchange minister. Shinohara said that only what exchange rate fluctuations are defined as "excessive volatility" makes it reasonable to intervene...

  JPMorgan Chase CEO Jamie Dimon twice warned the market to prepare for the Federal Reserve's higher interest rate of 7%. He pointed out that two extraordinary storms will sweep through the US economy with adverse consequences. JPMorgan Chase CEO Jamie Dimon twice warned the market that it needs to prepare for the Federal Reserve's higher interest rate of 7%, stressing that inflation will not fall. He said that two extraordinary storms will sweep through the US economy, starting with excessive fiscal spending, such as...

  U.S. nonfarm payrolls unexpectedly surged in September, the largest increase since the start of the year, a sign of the resilience of the labor market and a reason to support the Federal Reserve in raising interest rates again. A report from the Bureau of Labor Statistics on Friday showed that nonfarm payrolls rose by 336,000 in September after two months of data were revised sharply upward. The unemployment rate remained at 3.8 percent and wages rose at a moderate pace. U.S. nonfarm payrolls unexpectedly surged in September, setting a record for the year...

  Forex retracement, often referred to as forex percentage retracement, is a technical term that foreign exchange traders often hear when speculating in foreign exchange. As long as you enter the foreign exchange market for a while, you will start to hear the word "retracement" frequently. But for many foreign exchange investors, especially newbies, the meaning of foreign exchange retracement is not particularly understood. So, what exactly is a retracement and why does everyone talk about it? Why is a retracement so important, foreign exchange traders should do it like...

  For much of last year, fears of a recession grew with sharply rising interest rates and market uncertainty. Only recently has the mood shifted. For much of last year, fears of a recession grew with sharply rising interest rates and market uncertainty. Only recently has the mood shifted. Given the resilience of the U.S. economy, more and more investors see a growing likelihood of a "soft landing,"...

  On Thursday (Oct 5), U.S. stocks and bonds have shrugged off their worst slumps of the week, even though Friday's data could spark fresh declines. The latest data showed the labor market remained strong, weekly jobless claims remained near historic lows, and U.S. stock benchmarks closed lower on Thursday. The S & P 500 Index has been hovering above a key support level that technical analysts have warned could lead to even sharper declines if broken...

  Friday (October 6) Asian morning trading, the US dollar index narrowly oscillated, currently trading around 106.40, safe-haven funds did not flow into precious metals, gold continued selling pressure at $1820. Friday (October 6) Asian morning trading, the US dollar index narrowly oscillated, currently trading around 106.40, safe-haven funds did not flow into precious metals, gold continued selling pressure at $1820. The rout of US Treasury bonds strengthened the view of suspending interest rate hikes, and the chairperson of the San Francisco Federal Reserve...

  Kazuo Momma, a former BoJ governor who also served as chief economist at the BoJ during his tenure, pointed out that the BoJ's deliberative committee is likely to discuss whether to adjust the forward guidance and yield curve control (YCC) mechanism when it meets later this month. "Japan's long-term government bond yields have risen to 0.8%," Mr. Momma said in an interview. "Although the ceiling of 1% has not been reached, if there is more upward pressure in the future, the current close...

  The Bank of Canada is forecasting economic growth of 1.5 per cent in the third quarter, but some economists think that's too optimistic. Canada's gross domestic product was flat in July, in line with earlier estimates from Statistics Canada, but below analysts' expectations for a 0.1 per cent increase. In its preliminary estimate in August, the agency forecast GDP growth of 0.1 per cent. The Bank of Canada is forecasting economic growth of 1.5 per cent in the third quarter, but some economists think that's...

  From Washington to Frankfurt, policymakers are ushering in the final quarter of 2023 with cautious optimism about progress in their efforts to fight inflation. From Washington to Frankfurt, policymakers are ushering in the final quarter of 2023 with cautious optimism about progress in their efforts to fight inflation. Investors should keep an eye on the numerous Federal Reserve and European Central Bank heads who will speak in the coming week...

  On Monday, the dollar/yen rose to 149.77 in Asia, refreshing the high since the end of October 2022 and approaching the important mark of 150. The Bank of Japan's summary of opinions shows that the end of ultra-loose negative interest rates must be linked to the successful achievement of the 2% inflation target. The black swan event of turning to austerity may still play out, and Bank of Japan Governor Kazuo Ueda said he is not worried about the cost of phasing out stimulus measures. On Monday (October 2) in Asia, the dollar/yen rose to 149...

  Markets mirrored the US weekend, with the AUD/USD exchange rate relatively unchanged on the first trading day of the quarter. The currency pair was trading at 0.6450 as markets began to reposition in preparation for an upcoming decision from the Reserve Bank of Australia (RBA) and key jobs data from the US. Markets mirrored the US weekend, with the AUD/USD exchange rate relatively unchanged on the first trading day of the quarter. As markets began to reposition, the Australian...

  After the collapse of Silicon Valley banks, the United States has once again sounded the financial alarm bell. "Rich Dad Poor Dad" author Robert Kiyosaki said on Thursday (September 28) that he joined Federal Reserve insider and central bank policy expert Nomi Prins in a podcast, which revealed that the Federal Deposit Insurance Corporation (FDIC) has placed 725 banks on a watch list, warning the market to prepare for a new round of banking collapse...