USD/JPY Near Yearly Low: The USD/JPY pair is close to its lowest level this year at 150.46. BoJ Rate Hike Expectations: The Bank of Japan (BoJ) is expected to raise interest rates, making the Japanese Yen stronger. Higher JGB Yields: Japanese government bond (JGB) yields are rising
USD/JPY CRUMBLES BELOW 150.80, YEN OUTPERFORMS USD/JPY hits 2-month lows below 150.90. USD is weaker across all major currencies. Yen is the strongest performer, with EUR, GBP, AUD, NZD, CAD, and CHF all up against the dollar. Japanese equities fall due to the stronger yen.
GOLD PRICE FORECAST: XAU/USD RETREATS, STAYS BULLISH ABOVE $2,920 XAU/USD current price: $2,927.43. Market concerns triggered by President Donald Trump's actions. The FOMC is set to release the January meeting Minutes. XAU/USD retreats after hitting a new record but remains bullish above
The cryptocurrency market went up by 1.6% after three days of losses. The total market value reached $3.13 trillion on Wednesday. Bitcoin (BTC) price rose back to $97,000, gaining 4% from its low of $93,388 on Tuesday. Litecoin, Binance, and Solana were the top trending cryptocurrencies.
US money market: Repo rates are high, and bills may gain value. The Fed could cut rates more than expected. UK money market: Similar to the US, rate cuts might be larger than expected. Eurozone money market: Unsecured rates are still high.
ETHEREUM PRICE FORECAST: TRANSACTION FEES DROP, BULLS TARGET $2,850 Ethereum price today: $2,700. Ethereum's average transaction fees hit an all-time low amid reduced network activity. Lower fees could attract more users back to Ethereum. Bulls may push ETH above $2,850 if support at $2,560
Fed officials want more proof of lower inflation before cutting interest rates. They are worried that new tariffs from President Trump could make inflation worse. In January, they kept interest rates the same after cutting them three times in 2024. They discussed the effects of tariffs, tax cuts, and fewer
EUR/USD PRICE FORECAST: BEARISH OUTLOOK CONTINUES EUR/USD extended its decline, revisiting the 1.0400 level. The US Dollar gained strength due to tariff concerns and geopolitical tensions. FOMC Minutes highlighted staff worries over Trump's policies. EUR/USD tested support at the 55-day SMA near 1.0400
RBNZ RATE CUT TRIGGERS NZDUSD VOLATILITY, KEY LEVELS IN PLAY The RBNZ cut rates by 50 basis points, causing a drop in NZDUSD. The pair broke below a key swing area but bounced off the 200-hour moving average at 0.5679. NZDUSD rose above the 100-hour moving average at 0.
HSBC is Europe's biggest bank. It will buy back up to $2 billion of its own shares. Its yearly profit increased by 6.5%. The profit boost came from selling its banking business in Canada.
Maker (MKR) Price Increase: MKR price went up by 6% and is now around $1,189. Strong Weekly Growth: The price has risen more than 20% this week. Record Revenue: On February 10, MKR made $10 million in daily revenue, the highest this year.
Gold price is staying stable below its highest-ever level of $2,943. Investors are waiting for the US Federal Reserve’s meeting notes for clues. Former US President Trump’s talk about new tariffs is making safe-haven assets like gold and the US Dollar stronger. Gold remains in an upward