Monthly Archives: February 2025
Sterling Depreciate After BoE Rate Cut, Eyes on NFP
Written on February 17, 2025 at 5:54 am, by
Market Summary The Pound Sterling weakened following the Bank of England’s widely expected 25-basis-point rate cut yesterday, with GBP/JPY sliding to a two-month low. Market concerns over potential stagflation—characterized by high inflation and sluggish economic growth—further pressured Sterling. Meanwhile, the U.S. dollar faced resistance near the $108.00 mark after higher-than-expected Initial Jobless Claims data weighedContinue Reading
Yen Strengthens Amid Heighten Uncertainties in the Market
Written on February 17, 2025 at 5:53 am, by
Market Summary The Japanese yen has emerged as a top performer against the U.S. dollar, capitalizing on the greenback’s recent struggles amid heightened uncertainty. The yen has reached its strongest level in three months against major currencies, particularly after the Bank of Japan raised interest rates last week. Meanwhile, despite a temporary boost from stronger-than-expectedContinue Reading
President Trump Intervenes Israel-Gaza Geopolitical Issue
Written on February 17, 2025 at 5:52 am, by
Market Summary The market remains fixated on Donald Trump’s impending policies, which could significantly sway sentiment across multiple asset classes, including the U.S. dollar and equities. The greenback, already pressured by the delay in tariffs on Mexico and Canada, faced further headwinds after the JOLTs Job Openings report missed market expectations. Despite this setback, tradersContinue Reading
