Author: FX
Pound Sterling (GBP/USD, EUR/GBP, GBP/JPY) AnalysisReduced budget deficit reignites calls for tac cuts ahead of the 2024 election campaignUK PMI data could add to the EUR/GBP downtrend ahead of tomorrow’s releaseGBP/JPY fatigues ahead of major bullish hurdle despite lift from the BoJDownload our brand new Q1 pound sterling forecast below: Recommended by Richard Snow Get Your Free GBP Forecast Reduced Budget Deficit Reignites Call for Tax Cuts Ahead of 2024 Election CampaignDates are released today from the office for National Statistics reported that a smaller than expected budget deficit of £7.77 billion was recorded in December, producing the narrowest budget…
Dow Jones, Nasdaq 100, Russell 2000 Analysis and ChartsDow clocks up new recordMonday saw the index record a new record high, after doing the same at the end of last week.The consolidation of mid-December until mid-January has resolved into a move higher it appears, and fresh record highs seem to beckon.Sellers will need a reversal back below the previous highs of 37,800, and then a close below the low of the trading range of the past month at 37,140.Dow Jones Daily Chart Recommended by Chris Beauchamp Get Your Free Equities Forecast Nasdaq 100 on a high ahead of tech earningsRecord…
USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The latest US CPI slightly beat expectations but analysts expect the Core PCE to print at 0.2% M/M again following the CPI data. The labour market continues to soften but remains resilient with US Jobless Claims beating expectations week after week.The latest ISM Manufacturing PMI beat expectations, while the ISM Services PMI missed by a big margin. The US Retail Sales beat expectations across the board.The University of Michigan Consumer Sentiment report jumped to…
Share: The Japanese Yen (JPY) is experiencing a rebound following the Bank of Japan (BoJ) policy announcement. Economists at ING analyze USD/JPY outlook. The BoJ revised inflation expectations lower There were no changes to the Yield Curve Control, and forward guidance remained unchanged. Inflation projections were revised lower from 2.8% to 2.4% for the fiscal year starting in April. The revision was mostly a consequence of declining oil prices, and the inflation path continues to show an overshoot of the target for some time. Money markets currently price in a 10 bps rate hike in June. Extra help…
Japanese Yen – USD/JPY Prices, Charts, and AnalysisBank of Japan keep monetary policy ultra-loose for now.Short-term rates are left at -0.1%, 10-year bond yield is around 0.0%.Download our Q1 2024 Japanese Yen Technical and Fundamental Outlook for free: Recommended by Nick Cawley Get Your Free JPY Forecast The Bank of Japan today said that consumer inflation may be moving higher, giving a nudge towards tighter monetary policy conditions in the months ahead. In the Quarterly Outlook, the BoJ lowered their forecasts for core inflation to 2.4% from 2.8% but said,‘Consumer inflation is likely to increase gradually toward the BOJ’s target…
As expected, the BOJ kept interest rates on hold and even lowered their core CPI forecasts. What does this mean for Guppy’s uptrend? Source link
PDS Biotech names Kirk V. Shepard as Chief Medical Officer Source link
XRP’s Epic Battle Against Bears, Solana Breaks $100, While Ethereum Fights for Momentum U.Today – XRP is currently locked in a fierce struggle with bearish forces. The digital asset, which operates within the network, is experiencing difficulty establishing a position above a critical technical indicator — the 200-day Exponential Moving Average (EMA). The 200 EMA serves as an important barometer for the long-term trend and investor sentiment. For XRP, remaining below this level suggests that the asset lacks the bullish momentum needed to shift into an upward trajectory. This inability to secure a foothold above the 200 EMA raises questions…
AUD/CAD looks set to break above a Double Bottom pattern! Think we’ll see a bullish reversal in the next trading sessions? Check out what’s cookin’ in AUD/CAD’s 4-hour time frame: AUD/CAD 4-hour Forex Chart by TradingView As you can see, the .8840 area served as support for AUD/CAD not once but TWICE in the last few days. In fact, the bounces formed a potential Double Bottom pattern in the 4-hour time frame with the .8900 psychological handle as the Double Bottom “neckline.” Are we seeing a future bullish reversal over here? Earlier today, the Australian dollar got a boost from…
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