KaneForex
Market News
11 articles
xxxFX Week Ahead: NFP, ISM, and Second BOJ Intervention Risk in Focus
The week of May 4–9 packs in US Nonfarm Payrolls, ISM Services PMI, and ongoing BoJ intervention risk. Here is what traders need to watch across USD/JPY, EUR/USD, and GBP/USD.
forexUSD/JPY Weekly Recap: Intervention, BOJ Hold, and a 400-Pip Reversal
USD/JPY was the FX story of the week: surging to 161.80 before Japanese authorities intervened to reverse the move to 155.50. Here is a full breakdown of the week's trading and what comes next.
marketsOil Surges Past $100 on Hormuz Standoff — Commodity Currencies Under Pressure
Crude oil prices broke above $100 per barrel for the first time since 2023 as the Strait of Hormuz closure entered its third week, lifting safe havens while pushing AUD/USD and CAD/USD into defensive territory.
marketsUSD May Rebound After Turbulent April — Five Key Catalysts to Watch
Following April's broad dollar selloff — the worst month since September 2023 — analysts point to five upcoming events that could revive USD strength: NFP, ISM Services, Fed speakers, Iran nuclear talks, and Nonfarm Payrolls.
forexBank of England Holds at 3.75% in 8-1 Vote; Pound Climbs to February Highs
The BoE kept the Bank Rate at 3.75% with a near-unanimous vote, scrapping its single-scenario inflation forecast in favour of a three-scenario model. GBP/USD climbed to 1.36, its highest since February.
economyEurozone Inflation Hits 3% — ECB May Hike Rates as Early as June
Eurozone CPI jumped to 3.0% in April, the highest since September 2023, while Q1 GDP growth stalled at 0.1%. ECB's Nagel warned of a possible June rate hike, pushing EUR/USD back above 1.17.
policyBOJ Slashes Growth Forecast to 0.5%, Lifts Inflation Outlook — Yen Whipsaws
The Bank of Japan halved its 2026 GDP growth forecast to 0.5% while upgrading the inflation outlook to 2.8%, stoking debate over the next rate hike timing and sending USD/JPY on a volatile intraday ride.
economyFOMC Holds Rates in Most Divided Vote Since October 1992
The Federal Reserve kept the federal funds rate at 3.50–3.75% for a third consecutive meeting, but an 8–4 dissent split — the widest in over three decades — rattled dollar bulls and lifted EUR/USD back toward 1.17.
forexJapan Intervenes in FX Market as Yen Breaks Past 160 Per Dollar
Japanese authorities entered the currency market Thursday after the yen weakened beyond the psychologically critical 160 per dollar level, reversing the move by more than 400 pips within hours.
forexGenius Foundation's GENIUS Token Surges Following TGE, Briefly Tops $800 Million FDV
The Genius Foundation announced that its native GENIUS token has completed its Token Generation Event (TGE), with the token surging more than 850% and briefly reaching a fully diluted valuation exceeding $800 million.
forexA new system to track material design processes
Engineers at NIMS develop a system that captures all the elements of trial and error in material design, enabling reliable reproduction of the reasoning processes and results