Author: FX
Given the circumstances, BOJ deputy governor Himino will be the one to chair the monetary policy meeting next week. Policymakers will be convening for the two-day meeting with the decision set to be announced on 16 June.As for the press conference duty, that will be delegated to BOJ deputy governor Uchida instead.I don’t expect this to change anything for the BOJ in terms of how the interest rate decision will play out. They are still widely expected to raise the policy rate by 25 bps to 1%. The only question now is will Uchida step in to communicate a more…
The Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25% on Wednesday. This would be the fifth consecutive gathering with the bank keeping its hand steady.At its April event, the BoC left rates unchanged at 2.25%, as expected, but the overall message was far from dovish.While policymakers see some softness in near-term growth, inflation is proving a little more stubborn than anticipated, with wage growth still running in the 3% to 3.5% range. In other words, the economy is slowing, but not enough to completely remove inflation concerns.Governor Tiff Macklem reiterated that there is…
The Highway Indicator MT4 is a trend-following technical tool designed to highlight the primary direction of the market. Visually, it often appears as multiple moving lines forming a channel or “road” on the chart. Price tends to move within this channel when a trend is active. At its core, the indicator is based on variations of smoothed moving averages. Instead of a single average line, it combines several averages with different periods. This layered structure reduces random noise while still reacting to genuine trend shifts. Think of it like observing traffic on a highway. Cars might change lanes, but the…
The ECB faces one of central banking’s hardest dilemmas on Thursday, and understanding it helps explain why the euro could swing sharply either way. Source link
66 of 70 economists (~94%) forecast the BOJ to raise its policy rate to 1% in June (previously ~65%)68 of 69 economists (~99%) expect policy rate to reach at least 1% by the end of September53 of 67 economists (~79%) expect the BOJ to raise its policy rate to 1.25% in Q4 2026Adding to the projections above, roughly two-thirds of economists also now expect the policy rate to reach 1.50% by Q2 next year. That brings forward the expectations of such a target, which was projected for Q3 next year in May.As things stand, traders are pricing in ~87% odds…
U.S. crude oil prices just bounced from a previous support zone! Will this lead to WTI crude making countertrend moves in the next trading sessions? Source link
The US Bureau of Labor Statistics (BLS) will publish the May Consumer Price Index (CPI) data on Wednesday. The report is expected to show another step up in consumer inflation, driven by the persistently high Oil prices due to the ongoing crisis in the Middle East. The monthly CPI is forecast to rise 0.5%, following the 0.6% increase recorded in April, while the annual reading is seen climbing to its highest level since May 2023 at 4.2%, from 3.8% in April. Core CPI figures, which exclude volatile food and energy prices, are expected to post an increase of 0.3% and…
EUR/USD is hovering close to short-term and long-term correction levels, as the upcoming ECB decision could determine which trends are likely to pick up. Source link
The Federal Reserve’s blackout period started June 7. No official can say a word until after the June 16–17 FOMC meeting, and that silence makes Wednesday’s CPI report hit differently. Source link
China’s May producer inflation highest in nearly 4 years, consumer prices also rise Source link