Blogs

The USD/JPY registered modest gains on Thursday as economic data released by the US Department of Labor (DoL) shows the labor market is running hot amid higher interest rates set by the Federal Reserve.

Gold (XAU/USD) is likely to benefit from the transition from tightening to easing, with sustained macroeconomic and geopolitical uncertainties in 2024, analysts at ANZ Bank say.

In 2023, the Mexican Peso (MXN) gained around 15% against the US Dollar (USD) on a spot return basis.

The AUD/USD pair retreats from 0.6570 as the US Dollar Index (DXY) has recovered swiftly in the early New York session.

Trading position (short-term, my opinion; S&P 500 futures contract): In my opinion, the short-term outlook is neutral, and no positions are currently justified from the risk/reward point of view.

Economists at Rabobank analyze USD/JPY outlook ahead of Japan’s December Consumer Price Index (CPI) inflation data.

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