Share: The GBP/JPY has rocketed back to 184.00 after the BoJ flubbed hawkish tone expectations. The Pound Sterling is set for its single best trading day against the Yen since July. The Guppy is back into its highest bids in over a month. The … [Continue reading]
United States Chicago Purchasing Managers’ Index registered at 44, below expectations (45) in October
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]
WTI Price Analysis: Sticks to modest gains around mid-$82.00s, upside potential seems limited
Share: WTI gains some positive traction on Tuesday and recovers a part of the precious day’s slide. The technical setup favours bearish traders and supports prospects for a further downfall. Any positive move back above the $83.00 mark is likely to … [Continue reading]
Gold price edges lower on easing Middle East tensions, focus remains on FOMC meeting
Share: Gold price trades with a mild negative bias for the second successive day on Tuesday. Hawkish Fed expectations, elevated US bond yields and some USD buying exert pressure. Receding safe-haven demand also undermines the XAU/USD ahead of the … [Continue reading]
Japan’s JGB 10 year yield hits 0.958%, highest since May 2013
Share: Early Tuesday, the Japanese 10-year Government Bond Yield (JBB) reached 0.958%, the highest since July 2013. Market reaction The USD/JPY pair is trading at 149.30, up 0.14% on the day, as of writing. Source … [Continue reading]
Bank of Canada’s Macklem: If inflationary pressures persist, we are prepared to raise rates further
Share: In his opening statement before the House of Commons Standing Committee on Finance, Tiff Macklem, Governor of the Bank of Canada said that they are prepared to raise interest rates further if inflationary pressures persist. Last week, the BoC … [Continue reading]
Window for Dollar gains open until clearer evidence of economic weakness – MUFG
Share: Economists at MUFG Bank analyze USD outlook in a week of a heavy schedule of macro events. Nonfarm Payrolls will be key The refunding announcement, the communication from Fed Chair Powell at the FOMC press conference and the US jobs … [Continue reading]
Pound Sterling consolidates as investors await BoE policy decision
Share: Pound Sterling trades in a bounded region as investors eye BoE monetary policy for further action. The BoE is expected to keep interest rates unchanged amid easing labor demand and subdued consumer spending. Deepening Middle … [Continue reading]
USD/JPY holds above the mid-149.00s ahead of BoJ, Fed rate decision
Share: USD/JPY hovers around 149.65 ahead of the key events from the US and Japan. Core US PCE eased to 3.7% YoY in September vs. 3.8% prior, the monthly Core PCE rose by 0.3% vs. 0.1% prior. Analysts anticipate the Bank of Japan (BoJ) is nearing … [Continue reading]
Australian Dollar continues the winning streak amid stronger Retail Sales
Share: Australian Dollar strengthened due to the subdued US Dollar. Australia’s Retail Sales increased to 0.9%, significantly higher than the market consensus of 0.3%. US Dollar encountered a challenge after a moderate Core PCE Price Index … [Continue reading]