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]
Ethereum Price Prediction: ETH needs to hold these key levels to revisit $2,000
Share: Ethereum price has seen a near-15% ascent in the last since October 22. Despite the recent rally, ETH needs to hold above the $1,727 and $1,650 barriers to move higher. A daily candlestick close below $1,650 will invalidate the bullish … [Continue reading]
Shiba Inu Price Forecast: SHIB could rally 10%
Share: Shiba Inu price is colling down and is likely to continue its ascent. SHIB hints at a 10% rally to tag the bearish breaker’s lower limit at $0.00000871. A daily candlestick close below $0.00000752 will invalidate the bullish thesis. … [Continue reading]
Litecoin Price Forecast: LTC hints at a 15% correction if these key conditions are met
Share: Litecoin price suggests a potential 15% correction after the sweep of the $70.69 range high. Depending on the 12-hour RSI’s encounter with the mean level of 50 LTC could either rally or slide lower. Invalidation of the bearish outlook … [Continue reading]
Dogecoin Price Prediction: DOGE edges closer to 40% breakout rally
Share: Dogecoin price has set up a falling wedge pattern on the weekly time frame. A breakout from this technical formation forecasts a 40% rally to $0.0952. A weekly candlestick close below the $0.0593 support level will invalidate the … [Continue reading]