Author: FX

© Reuters. FILE PHOTO: A view of the ThyssenKrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo By Andrey Sychev, Emma-Victoria Farr and Tom Käckenhoff (Reuters) -Thyssenkrupp is evaluating a potential sale of a stake in its Marine Systems unit which builds naval ships and submarines to investment firm Carlyle (O:), the German conglomerate said on Tuesday. “With the active involvement of Carlyle, we are now taking the necessary next step and starting the phase of an open-ended assessment of the relevant business activities,” Executive Board member Volkmar Dinstuhl said in a statement. The Marine Systems unit has…

Bank of Japan, USD/JPY News and AnalysisBoJ’s hawkish actions accompanied by dovish rhetoricYen depreciated further after the announcement – USD/JPY back above 150.00Japanese (10-year) government bond yields ease as BoJ will continue purchasesThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryBoJ’s Hawkish Actions Accompanied by Dovish RhetoricThe Bank of Japan (BoJ) voted to raise the benchmark interest rate into the 0% – 0.1% range in a historic move that marks the end of the Bank’s negative interest rate policy which was implemented to combat deflation…

For now, not necessarily confident enough that wages at smaller firms will riseThat’s at least something that the yen could work with. But when you balance out everything else so far today, it doesn’t seem like they would be too eager to tighten policy in quick fashion. USD/JPY is starting to settle down, up 0.7% to around 150.18 on the day currently. This article was written by Justin Low at www.forexlive.com. Source link

Gold price oscillates in a range and is influenced by a combination of diverging forces. Hawkish Fed expectations, elevated US bond yields and a bullish USD exert pressure. Geopolitical tensions could lend support to the XAU/USD ahead of the FOMC meeting. Gold price (XAU/USD) attracts fresh sellers heading into the European session on Tuesday and for now, seems to have stalled the overnight modest recovery move from the $2,145 region, or over a one-week low. Expectations that the Federal Reserve (Fed) will stick to its higher-for-longer interest rates narrative in the wake of still-sticky inflation in the US remain supportive…

The RBA kept interest rates on hold at 4.35% as expected today! However, their official statement seemed a bit less hawkish than usual. What was behind the change in tone and what could it mean for AUD/CHF? 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

Earlier today, the Bank of Japan (BOJ) decided to raise its interest rates from -0.10% to 0.10%; ditch its Yield Curve Control policy and not target 10-year bond yields, and end ET and J-REIT purchases and reduce its commercial paper and corporate bond purchases. BOJ members have been busy! Unfortunately for yen bulls, JPY is weakening against its major counterparts. One possible reason is that we’re seeing a buy-the-rumor, sell-the-news situation as traders have been pricing in the BOJ’s policy pivot for weeks. NZD/JPY Daily Forex Chart by TradingView Remember that directional biases and volatility conditions in market price are…

Reserve Bank of Australia (RBA) held interest rates steady at 4.35%, after raising it by 425 basis points over the past two years. The analyst had expected RBA to hold interest rates at 4.35%. RBA also left the interest rate paid on Exchange Settlement balances unchanged at 4.25%. The headline monthly CPI indicator was steady at 3.4 per cent over the year to January, with momentum easing over recent months, driven by moderating goods inflation. Services inflation remains elevated, and is moderating at a more gradual pace. The central forecasts are for inflation to return to the target range of…

© Reuters. FILE PHOTO: Pedestrians walk on an overpass near skyscrapers at the Central Business District (CBD) in Beijing, China August 21, 2023. REUTERS/Florence Lo/File Photo By Selena Li and Xie Yu HONG KONG (Reuters) -Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China’s markets and as the firm cuts staff all over the world. The cuts at FIL’s wholly-owned China fund unit, which currently employs 120 staff, is equivalent to around 16% of its total…

Nothing official has been published but reports from the US of a ‘handshake’ deal that’ll avert a partial shit down. This is quite the achievement. The partial funding it covers runs dry on Friday. Agreement is usually reached with only hours to spare. Good job guys and gals in Congress! This article was written by Eamonn Sheridan at www.forexlive.com. Source link

EUR/USD remains on the defensive near 1.0872 amid renewed USD demand.  The Fed is anticipated to hold benchmark interest rates steady in the range of 5.25%–5.50% at its March meeting. ECB policymakers signaled progress in easing inflation and began discussions about the rate cut. The Federal Reserve’s (Fed) monetary policy meeting will be a closely watched event.  The EUR/USD pair edges lower to multi-day lows around 1.0870 on the firmer US Dollar (USD) during the early Asian session on Tuesday. The Federal Reserve (Fed) monetary policy meeting on Wednesday will be in the spotlight, with no change in rates expected.…