Market sentiment fluctuated on Wednesday as preliminary results of the U.S. presidential election showed a tight race. Investors sought safety, driving U.S. stock index futures and the U.S. dollar higher during Asian trading hours.

On Tuesday, the U.S. dollar plunged to 1.2932 against the Singapore dollar (USD/SGD), hitting its lowest level since mid-November 2014.

On Wednesday, the USD/CHF pair retreated from a near one-week high of 0.8498.

The GBP/USD pair rose slightly on Wednesday. However, the pound's gains narrowed in the face of a series of weak UK macroeconomic data.

From a recession prediction perspective, this is a good report that symbolizes a soft landing for the United States.

The US Dollar/Swedish Krona (USD/SEK) exchange rate held near a fresh three-week high of 10.3943 on Tuesday.

In this article, we will provide technical analysis on USD/JPY, Brent Crude Oil and Japan 225 Index.

US may be about to start cutting interest rates in order to keep its labor market.

This week is another crucial week for global markets, with the Jackson Hole Symposium set to be the main event.

The week ahead could be a crucial one for the markets, with economic data from the UK, the US, Japan and Australia keeping central banks on their toes.

Data from China and Germany could further influence global economic sentiment amid growing concerns about the U.S. economy.

The next week may be a critical one. The Federal Reserve and the Bank of England will focus on cutting interest rates in 2024, while the Bank of Japan will consider raising interest rates and reducing the purchase of Japanese treasury bond bonds.

On July 21st, current US President Biden announced his withdrawal from the 2024 presidential election. After the news of Biden's withdrawal was announced, there was no significant fluctuation in the market, and there was a strong wait-and-see sentiment.

The US service sector purchasing managers' index, second quarter gross domestic product, and inflation data released this week will affect investors' bets on multiple interest rate cuts by the Federal Reserve in 2024.

On Thursday morning, the US dollar rose to around 155.5 against the Japanese yen, setting a six week high. The market speculated that authorities may intervene again to support the yen.

As the "favorite to win the US presidential election" this year, Trump's chances of winning the election have also increased after being hit by a bullet.

For global financial markets, the next week may be a crucial one. The European Central Bank, the Federal Reserve, and the Chinese economy will be the focus.

According to the latest retail sentiment analysis, the outlook for the USD/JPY remains mixed, while the GBP/USD may decline.

In the third quarter, although the euro may recover to some extent, the market remains uncertain due to conflicting concerns about the French election and the Federal Reserve's loose policy.

DXY may rise at the beginning of the third quarter, especially during the French elections. However, if the Federal Reserve's initial interest rate cut expectation gradually becomes clear this quarter, DXY may fall later.