Author: FX
We’ve got a handful of U.S. leading jobs indicators that might influence NFP bets for this week! First of these is the ISM services PMI that might spur an intraday bounce or a break on USD/JPY. Do you think the short-term resistance might hold or will we see a big breakout soon? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Share: EUR/JPY loses momentum around 163.22 following the rise in Japanese CPI inflation data. The Tokyo CPI climbed 2.6% YoY in February vs. 1.6% prior. The ECB is anticipated to hold the rate steady at 4.5% at its March meeting on Thursday. The EUR/JPY cross loses ground below the mid-163.00s during the early European trading hours on Tuesday. The rise in the Tokyo Consumer Price Index (CPI) for February triggered speculation that the Bank of Japan (BoJ) will exit the negative interest rate regime in the coming month, which lifts the Japanese Yen (JPY) and weighs on the…
In case you missed our latest Global Market Weekly Recap, you should know that Japanese officials like BOJ members and its top currency diplomat have hinted that they’re uncomfortable with the yen’s sharp and sustained downswings. Meanwhile, commodity-related currencies like AUD, NZD, and CAD are finding it hard to get sustained demand as their respective central banks signal their readiness to switch to more dovish monetary policy biases. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the Canadian dollar and the Japanese yen, then…
© Reuters. FILE PHOTO: A representation of cryptocurrency Tether is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -The number of dollar-pegged stablecoins issued by has crossed $100 billion, the crypto company said on its website on Monday. Tether issues a stablecoin which is designed to maintain a constant value of $1. It is widely used as a way of moving money in cryptocurrency without being exposed to price swings in other cryptocurrencies such as bitcoin and ether. The company says it maintains its dollar peg by holding dollar-based reserves which match…
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vchal/iStock via Getty Images The head of the International Atomic Energy Agency called on global development banks and their government shareholders to fund new nuclear projects, warning that failing to do so could delay the energy transition, Financial Times reported Monday. Rafael Grossi said a lack of funding for emissions-free nuclear energy by multilateral lenders such as the World Bank and Asian Development Bank was “out of step” with the wishes of most of their shareholders, pointing to a “sea change” in attitudes to nuclear power due to the climate crisis and the Russia-Ukraine war. International finance institutions are “out…
Share: The headline Tokyo Consumer Price Index (CPI) for February rose 2.6% YoY from 1.8% in the previous reading, the Statistics Bureau of Japan showed on Tuesday. Meanwhile, the Tokyo CPI ex Fresh Food, Energy eased to 3.1% YoY from 3.3% in January.Additionally, Tokyo CPI ex Fresh Food climbed to 2.5% for the said month, in line with the market expectation. Market reaction As of writing, the USD/JPY pair was down 0.06% on the day at 150.43. About Tokyo Consumer Price Index (CPI) The Tokyo Consumer Price Index is released by the Statistics Bureau and it’s a measure of price movements obtained by comparison of the retail prices of…
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© Reuters. On Monday, Piper Sandler adjusted its outlook on Cracker Barrel (NASDAQ:) Old Country Store, Inc. (NASDAQ:CBRL) by reducing the stock price target from $75.00 to $70.00 while keeping a Neutral rating on the stock. This decision comes in the wake of Cracker Barrel’s recent Fiscal 2Q24 earnings report and subsequent earnings call, which revealed ongoing business challenges. Cracker Barrel’s latest quarterly results indicated a decline in customer visits, with a 4% drop in restaurant traffic and a 5.3% decrease in same-store sales (SSS) within its retail segment. These figures have prompted the company to revise its full-year Fiscal…
The Land Down Under is about to print its economic report card for the last quarter of 2023! Did it chalk up a stellar performance enough to keep the RBA hakwish? Or were there weak spots that might lead to a shift in stance? Here’s what you need to know about the upcoming release and how it may impact the Australian dollar! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source…