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Japanese yen near one-year low vs. dollar before the October CPI report; expected inflation drop from 3.7% in September to 3.3%.
The dollar hits a 1-year high vs. the yen on eased Fed rate-cut fears. Japan's October inflation drops below 1%, signaling waning cost pressures.
Friday marked the dollar's best week against the yen in three months, driven by a more hawkish tone from Fed Chair Powell and officials post-meeting.
Euro rose vs. dollar on Thursday after hawkish ECB remarks and falling energy prices, while Aussie and loonie fell due to commodity links.
U.S. stocks had a strong weekly gain, indicating a robust economy. Analysts expect earnings growth in the third quarter to exceed expectations.
The dollar stabilized on Wednesday as several Fed officials hinted at possible rate hikes. All eyes are on Fed Chair Powell's remarks later today.
The dollar rose as other currencies' rally faded; the Australian dollar dipped as the RBA raised rates but suggested a nearing end to hikes.
The US dollar was stable on Monday, but investors prepared for further declines as the Fed turned less hawkish and US job growth slowed.
Despite soaring inflation driven by the energy crisis and supply chain issues, the Bank of England has maintained its existing policy.
The euro and pound were set for weekly gains vs. the dollar as global bond yields fell, and the Aussie dollar had its best week since mid-July.
The pound rose pre-BOE rate decision, and the dollar fell post-Fed, maintaining rates. Market reactions followed these key events.
The battered yen gets respite; Japan hints at intervention. The focus shifts to the Fed meeting after the BOJ's underwhelming decision.
The Bank of Japan altered yield curve control, letting 10-year bonds yield over 1%. This boosted inflation hopes and weakened the yen.
The yen weakened on Tuesday and languished near a one-year low against the dollar, after the BOJ edged towards ending years of massive monetary stimulus.
Investors should be mindful of the "Halloween effect," with historical data showing the S&P 500 performing well during this period.