Daily Market News by Xtreamforex.com

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  1. #471
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    Default USD/JPY renews weekly lows below 114.00 as profits drop, BOJ Minute

    Daily Market News by Xtreamforex.com
    USD/JPY remains down for the third day in a row, down 0.30% on the day around 113.85 when Tokyo opens on Friday. The yen pair depicts market risk aversion while tracking falling Treasury yields and equities.

    Concerns about a hawkish appearance by the US Federal Reserve (Fed) at next week’s monetary policy meeting seems to be weighing on USD/JPY prices. Along with that are recent pessimistic signals from the minutes of the Bank of Japan’s (BOJ) monetary policy meeting as well as mixed inflation data from Japan.

    Expectations for a Fed rate hike signal were bolstered after US Treasury Secretary Janet Yellen said in an interview with CNBC: “Inflation has risen more than most economists, myself included. , and of course our responsibility to the Fed to fix it. And we will. “It should be noted that hesitancy over the US-China relationship also affected market sentiment and USD/JPY prices, but did not give a date. The 10-year US Treasury posted daily losses on Tuesday two in a row, down four basis points to 1.79% latest, while S&P 500 Futures are down 0.30% on the day at press time that said USD/JPY prices encourage data mixed data as an excuse for Bullish bets on greenback and treasury yields. US jobless claims hit their highest level since late October and details from the Philadelphia Fed manufacturing survey also improved in January.

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  2. #472
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    Default NZD/USD hit by a toxic cocktail with risk themes

    in ro ham eslah kon:
    Down around 0.15%, NZD/USD is currently trading near 0.6690 and is moving between a low of 0.6670 and a high of 0.6709. Escalating tensions between Russia and Ukraine became the driving force as investors pounced on the Federal Reserve on Wednesday,

    As a result, the S&P 500 went so far after a correction, its first. first since the 2020 crash in the world. market caused by the coronavirus pandemic. However, US stocks ended higher on Monday after reversing heavy losses early in a late rebound ahead of megacap tech earnings and this week’s Federal Reserve policy meeting. The Nasdaq Composite rose 0.6% to 13,855.13, turning green in a strong last-minute reversal. The S&P 500 gained 0.3% to 4,410.13 and the Dow Jones Industrial Average also gained 0.3% to 34,364.50.

    Meanwhile, ‘data points to a slowdown in economic activity at the start of the year, amid broader inflation concerns’, said analysts at ANZ Bank.

    This week, the Consumer Price Index will be the focus on this issue. “The 10% increase in oil prices from Q4 will make transportation a major contributor to equities with upside risk coming from housing, mainly due to spending,” TD Securities analysts explained commodity prices increased and consensus was faster,” explained TD Securities analysts. “A print close to 6%, a 3-decade high is unlikely to trigger a significant market reaction, but a print that matches the RBNZ forecast of 5.7% YoY would lead to a rally recover.

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