The Euro saw limited movement within its range, with upside limited by a lack of positive Eurozone data and downside limited by potential US data weakness. The Pound mirrored the Euro’s pattern. The Yen strengthened significantly against the dollar, likely due to intervention that will likely continued by the Japanese Ministry of Finance to weaken the USD. The Australian dollar rose after the Fed signaled no rate hikes, erasing some […]

Financial markets were mixed today. The Euro and Aussie dollar fell on expectations of central bank policy remaining unchanged, while the US dollar remained steady ahead of a Federal Reserve meeting. Oil prices dropped further after breaking support levels, while gold continued its downtrend. Bitcoin, Ethereum, and Ripple are all expected to experience short-term corrections before potential rebounds.

The sentiment for major currencies is mixed. The US data releases will be crucial for determining the direction of EUR and GBP. JPY is likely to weaken further, while CAD may struggle due to weak economic data. Bitcoin and Ethereum are under bearish pressure.