{"id":10521,"date":"2024-03-06T07:40:11","date_gmt":"2024-03-06T07:40:11","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=10521"},"modified":"2025-02-22T08:11:10","modified_gmt":"2025-02-22T08:11:10","slug":"10521","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.net\/de\/analysis\/10521\/","title":{"rendered":"Forex Market Analysis: Inflation Observations, Tech Stocks Dip, Bitcoin Volatility"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\"><strong><u>CURRENCIES:<\/u><\/strong><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Observations of increasing inflation and wage pressures.<\/li>\n\n\n\n<li>Limited potential for USD\/JPY to rise further.<\/li>\n\n\n\n<li>Guidance on trading USD\/JPY available in a complimentary guide.<\/li>\n<\/ul>\n\n\n\n<p><strong>Economic Insights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Deputy Chief Cabinet Secretary Hideki Murai of Japan notes early signs of inflation and wage increases, hinting at a possible shift from Japan&#8217;s long-standing loose monetary policy.<\/li>\n\n\n\n<li>Murai advocates for economic revitalization through growth and wage increases, indicating a move towards a more sustainable economic model.<\/li>\n\n\n\n<li>Bank of Japan board member Hajime Takata expresses optimism about reaching the central bank&#8217;s 2% inflation target.<\/li>\n<\/ul>\n\n\n\n<p><strong>Market Movements:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Recent statements have slightly increased expectations for an interest rate hike by the Bank of Japan, with a 40% chance of a hike at the upcoming meeting. However, June is viewed as a more probable time for exiting negative interest rates.<\/li>\n\n\n\n<li>USD\/JPY is trading just above the 150 mark, with significant resistance at the 151.90 level making further increases challenging.<\/li>\n\n\n\n<li>The currency pair shows more potential for a downward movement, with several support levels identified before reaching the 145 area.<\/li>\n<\/ul>\n\n\n\n<p><strong>Trading Sentiment:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Retail trader data shows a low percentage of net-long positions, suggesting a possible rise in USD\/JPY prices based on contrarian market sentiment<strong>.<\/strong><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong><u>STOCK MARKET:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>Market Summary:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>U.S. stock markets ended the day lower amid concerns over potential interest rate cuts and shifts in major tech stocks, collectively known as the &#8220;Magnificent Seven.&#8221;<\/li>\n\n\n\n<li>The Nasdaq Composite led the decline, falling approximately 1.7%, influenced by decreases in Apple and Tesla shares.<\/li>\n\n\n\n<li>The S&amp;P 500 and Dow Jones Industrial Average both dropped over 1%.<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Company Movements:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Apple faced a downturn after reports of a 24% decrease in iPhone sales in China and a recent $2 billion EU antitrust fine.<\/li>\n\n\n\n<li>Tesla&#8217;s shares fell due to a halt in operations at its Berlin Gigafactory, compounded by shipping concerns and competition in China.<\/li>\n<\/ul>\n\n\n\n<p><strong>Currency Fluctuations:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin reached a new all-time high, surpassing $68,789, but then fell 10%, stabilizing around $62,000 per coin.<\/li>\n<\/ul>\n\n\n\n<p><strong>Investor Sentiment and Federal Reserve Expectations:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investor optimism wanes as tech sector gains seem to plateau, affecting market momentum.<\/li>\n\n\n\n<li>Atlanta Fed President Raphael Bostic&#8217;s comments have tempered expectations for Federal Reserve easing, predicting only one rate cut this year.<\/li>\n\n\n\n<li>All eyes are on Fed Chair Jerome Powell&#8217;s upcoming congressional testimony for indications of future monetary policy.<\/li>\n<\/ul>\n\n\n\n<p><strong>Corporate Earnings Highlight:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Target&#8217;s earnings exceeded expectations, resulting in a share price increase of over 10%.<\/li>\n<\/ul>\n\n\n\n<p><strong>Sector Spotlight:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CrowdStrike&#8217;s shares jumped 17% following its earnings report, which surpassed expectations and provided strong future guidance. The company&#8217;s performance contributed to a nearly 40% increase in its stock price since the year&#8217;s start.<\/li>\n<\/ul>\n\n\n\n<p>Start your&nbsp;<a href=\"https:\/\/www.vtmarkets.net\/cfd-shares\/us-cfd-shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">CFD Shares Trading<\/a>&nbsp;journey with VT Markets now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENCIES: Economic Insights: Market Movements: Trading Sentiment: STOCK MARKET: Market Summary: Key Company Movements: Currency Fluctuations: Investor Sentiment and Federal Reserve Expectations: Corporate Earnings Highlight: Sector Spotlight: Start your&nbsp;CFD Shares Trading&nbsp;journey with VT Markets now!<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-10521","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/posts\/10521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/comments?post=10521"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/posts\/10521\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/media?parent=10521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/categories?post=10521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/tags?post=10521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}