Forex Market Review
SOYB: Us Soybeans’ Futures Gain Buoyed by High Vegetable Oil Prices
US (CBOT) soybeans’ futures gained +1.00% on May 7, 2021, from the previous day after opening at $1,585, their highest level in five years.
May 7, 2021 // FX Market Review, ETF, SOYB
Where We Are: The Year 2, Divergences and Sentiment Shifts
Why are markets stalling worldwide? The US indices are doing well compared to the rest of the world, but even the world’s biggest stock market is slowing.
May 5, 2021 // FX Market Review, DXY, Index Futures
GBP/USD Weekly Outlook: BOE and Non-Farm Payrolls in Focus
The GBP/USD broke out lower on Friday last week as the US dollar strength accelerated following strong data from the United States. It dropped to 1.3800, which was more than 1.50% below the highest point in April.
May 4, 2021 // FX Market Review, GBPUSD
USD/JPY: BOJ and Fed Interest Rate Decision Preview
The USD/JPY pair is in the spotlight this week ahead of key interest rate decisions by the Bank of Japan (BOJ) and the Federal Reserve.
Apr 27, 2021 // FX Market Review, USDJPY, BOJ, Bank of Japan
USD/CAD: Is This the Start of a New Canadian Dollar Rally?
The USD/CAD price crashed on Wednesday after the Bank of Canada (BOC) delivered its April rate decision.
Apr 22, 2021 // FX Market Review, USDCAD
JPY/USD: Japanese Yen Reeling From the Effects of the Fourth COVID Wave
The Japanese yen has declined 5.80% against the US dollar year-to-date, with Japan facing the threat of the fourth COVID-19 wave.
Apr 6, 2021 // FX Market Review, JPYUSD
USD/JPY Heads for a Short-Term Pullback on Profit-Taking
The USD/JPY rally gained steam on Thursday as the market reacted to the carry trade opportunity between the dollar and yen.
Apr 5, 2021 // FX Market Review, USDJPY