Share: Indian Rupee gains ground amid global uncertainty and risk-off mood. The escalating geopolitical tension between Israel-Hamas, higher crude oil prices might cap the upside of the Indian Rupee. The Reserve Bank of India's October bulletin … [Continue reading]
AUD/JPY Price Analysis: dropping from 94.80 with further downside on the books
Share: The AUD/JPY wobbled on Thursday, dipping from the open before staging a relief rally into 95.15. The Aussie is falling back once more, settling Thursday's trading session close to where it started. A bearish lean is baked into the candles … [Continue reading]
USD/JPY retreats from weekly high as Fed Chair Powell adopts a neutral tone
Share: USD/JPY hits a new weekly high of 149.96 before retreating 0.13% to trade at 149.75. Fed Chair Jerome Powell's dovish remarks led to a decrease in expectations for additional tightening by the Fed. Chances for a rate hike in January 2024 … [Continue reading]
USD/JPY: Yen bulls will need additional patience in the months ahead – CIBC
Share: Intervention risks notwithstanding, JPY bulls will need additional patience in the months ahead, economists at CIBC Capital Markets report. The 31 October BoJ meeting remains far too soon for a shift The 31 October BoJ meeting remains far … [Continue reading]
Spain 10-y Obligaciones Auction up to 4.067% from previous 3.98%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/MXN moves upward toward 18.3000 on risk aversion amid Middle-East conflict
Share: USD/MXN continues the winning streak as negative sentiment sours on the Israel-Hamas war. Banxico Deputy Governor Mejia has affirmed that the balance of inflation risks has not worsened. US Building Permits surpassed expectations, and … [Continue reading]
Ex-BoJ’s Sakurai: Bank may scrap negative interest rates by the end of this year
Share: The former Bank of Japan (BoJ) policy board member Makoto Sakurai stated in an interview on Thursday that the central bank may scrap negative interest rates by the end of this year to adjust the currently excessive level of monetary easing. … [Continue reading]
Silver Price Analysis: XAG/USD rally stalls at around 200-DMA, bears eye $22.00
Share: XAG/USD trades at around $22.85, a modest gain of 0.29%. Supports are identified at the psychological level of $22.50, the 50-DMA at $22.85, and the 20-DMA at $22.21. Immediate resistance lies at the 200-DMA at $23.31, with a key hurdle at … [Continue reading]
Australian Jobs Preview: Will another positive report really help the Aussie?
Share: Australia is expected to report an increase of 20,000 jobs in September following a surge in August. The labor market has demonstrated resilience, adding over 400,000 jobs in the past 12 months despite RBA rate hikes. The AUD/USD remains in … [Continue reading]
Gold Price Forecast: XAU/USD benefitting from haven flows triggered by the geopolitical tension – ANZ
Share: Gold price rebounded on haven demand following Hamas’s 7 October attack on Israel. Strategists at ANZ Bank analyze the yellow metal’s outlook. A recent rise in yields reflect tighter monetary condition Gold is benefitting from haven flows … [Continue reading]