Weekly Market Wrap With Gary Thomson: FTSE, NZD/USD, USD, USD/JPY

FXOpen

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of  FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.

  • FTSE 100's Holy Grail of 8,000 Continues to Be a Pipe Dream
  • NZD/USD Rate Increases after the Decision of the Reserve Bank of New Zealand
  • Inflation Data Sharply Strengthens the US Dollar
  • USD/JPY Rises to Highest Since 1990

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Forex Analysis

USD/CHF Rebounds from Multi-Year Low

As the charts show, the USD/CHF exchange rate fell below 0.810 US dollars per franc earlier this week. The pair had not traded this low since the 2008 financial crisis. Demand for the Swiss franc as a safe-haven

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IBM Share Price Falls Following Earnings Report

Yesterday, after the close of the main trading session, International Business Machines (IBM) released its Q1 earnings report, exceeding Wall Street analysts’ expectations in several key areas. According to FactSet:

→ Earnings per share came in at $1.60 (forecast = $1.

Forex Analysis

The US Dollar Retraces Amid Rumours of Potential Tariff Reductions for China

Recent US data points to improvement in the manufacturing sector: the Purchasing Managers’ Index (PMI) reached 50.7, exceeding forecasts. However, both the composite index and the services PMI came in below expectations.

Particular attention is being drawn to discussions

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