The USD/JPY pair rose slightly around the intervention zone of 160.40 on Tuesday, as the Japanese Yen (JPY) struggles to gain strong traction even after the Bank of Japan (BoJ) raised interest rates to their highest level in more than three … [Continue reading]
Bitcoin Price Forecast: BTC rebound driven by fading selling pressure as demand remains subdued
Bitcoin (BTC) extends its recovery, trading above $66,500 as of Tuesday, marking four consecutive daily gains since the weekend. Institutional selling continues as spot Exchange Traded Funds (ETFs) recorded a mild outflow on Monday; however, the pace … [Continue reading]
Japan FM Katayama: Government’s responsibility rests in appropriately conducting economic, fiscal policies
Japan Finance Minister (FM) Satsuki Katayama said during the European trading session on Tuesday that the government is focused on appropriately conducting economic and fiscal policies.Additional remarksWon't comment on BoJ decision until after BoJ … [Continue reading]
China Fixed Asset Investment (YTD) (YoY) registered at -4.1%, below expectations (-2%) in May
The Reserve Bank of Australia is widely expected to leave the Official Cash Rate unchanged at 4.35% when it announces its monetary policy decision on Tuesday, marking a pause after three consecutive rate hikes delivered earlier this year. The … [Continue reading]
South Korea Import Price Growth (YoY): 24.8% (May) vs 20.2%
EUR/USD rapidly leaves behind Friday’s small downtick and trades with solid gains on Monday, consolidating its daily advance around the 1.1600 region as the NA session draws to a close. Meanwhile, the improved risk appetite following the US-Iran deal … [Continue reading]
“The deal’s all signed”: US President Trump trumpets agreement with Iran
United States (US) President Donald Trump said on Monday that the Iran deal had been signed, adding that the Strait of Hormuz had fully reopened and that Oil prices were falling while stocks were rising. The President made the statement shortly after … [Continue reading]
Canada Wholesale Sales (MoM) above expectations (0.1%) in April: Actual (0.6%)
Bitcoin, Ethereum and Ripple begin the week on a constructive note as the top three cryptocurrencies attempt to extend rebounds after recovering nearly 4%, 2% and 2.6%, respectively. BTC steadies around $65,600, ETH continues to hold … [Continue reading]
Forex Today: Risk flows command markets on US-Iran peace deal yet to be signed
Here is what you need to know on Monday, June 15:Markets cheer news of the United States (US) and Iran reaching an agreement on a framework deal to end the war at the beginning of the week. Later in the session, the Federal Reserve (Fed) Bank of New … [Continue reading]
United States Dollar Index drops as safe-haven demand fades
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground and trading around 99.50 during the Asian hours on Monday. The Greenback declines on fading safe-haven demand following reports … [Continue reading]
New Zealand Electronic Card Retail Sales (MoM): 1.7% (May) vs -1.3%
After rising more than 3% on Thursday, Gold (XAU/USD) stabilized around the $4,200 mark in the American session on Friday. The US dollar seesaws between gains and losses, but remains within familiar levels as investors remain skeptical yet hopeful … [Continue reading]