Author: FX

Previews of the September Bank of Japan Monetary Policy Statement due today can be found here:ING have some insightful comments on what is likely today. The CPI data earlier has set the scene:Consumer price data for August was quite a bit stronger than early Tokyo inflation data suggested.Strong entertainment price gains in particular point to private service prices coming under more upside pressures. As core inflation is a better indicator of demand-side inflationary pressures, we think the BoJ will adjust its policy stance before too long, so that high inflation does not hurt growth.And for the bank’s Statement and Ueda…

Share: Gold price recovers some lost ground around $1,920 amid the USD demand. Hawkish comments from Federal Reserve (Fed) Chair Powell drags gold price lower. Investors will closely watch the preliminary US S&P Global/CIPS PMI data. Gold price (XAU/USD) recovers its recent losses after retreating to a weekly low of $1,913 during the early Asian session on Friday. As of writing, XAU/USD was up 0.08% on the day at $1,921.62. In a press conference on Wednesday, Federal Reserve (Fed) Chairman Jerome Powell reaffirmed the Fed’s commitment to achieving 2% inflation. Powel added that the Fed is prepared to…

Optiva secures financing via issuing notes Source link

© Reuters. FILE PHOTO: Brazil’s Transport Minister Renan Calheiros Filho attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado/File Photo By Catarina Demony and Lisandra Paraguassu LISBON (Reuters) – Brazil hopes to attract some 180 billion reais ($36.6 billion) of private investments in new rail and highway projects over the next three years, its Transport Minister Renan Filho told Reuters on Thursday. The minister travelled to Lisbon to present plans for the projects to European operators and investors, as part of a road show that will continue in Germany, the United Arab Emirates,…

The major US stock indices are hitting the skids heading into the close. The NASDAQ is now down -1.7% trading a new session lows. The S&P index is also at session lows with a decline of -1.56%.In the interest rate market, the rates are trading near highs out the yield curve is traders adjust toward a higher for longer Fed. The 10-year yield is trading up +14 basis points to 4.486%. The 30 year yield is the biggest mover with a gain of +16.3 basis points and trading at 4.5612% Source link

Share: The AUD/USD is recovering into the back end of Thursday trading as risk appetite recovers. The Aussie knocked into 0.6385 as US Dollar flows take the AUD back into familiar territory. The week is set to cap off chart action with PMI figures for both Australia and the US. The AUD/USD is catching a bounce heading into the back end of Thursday’s market session, lifting into 0.6425 after hitting a near-term low of 0.6385. The US Dollar (USD) took a ride up the charts across the board after yesterday’s Federal Reserve (Fed) which saw the US central…

JAPANESE YEN – USD/JPY OUTLOOKBank of Japan’s decision on Friday will steal the limelight.BoJ is expected to stand pat on monetary policy, but could subtly signal that a change in strategy in looming on the horizon.This article looks at key USD/JPY levels to watch in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: AUD/USD Charts Bullish Technical Setup as USD/JPY Defies Channel ResistanceThe Bank of Japan will announce its September decision on Friday following the Fed’s verdict on Wednesday. The institution,…

Justin Sullivan Update 12:32pm: Updates shares, adds Google comment. A report Thursday that Google (NASDAQ:GOOGL) has looked into the possibility of cutting Broadcom (NASDAQ:AVGO) as a supplier is “patently false,” according to CNBC’s Jim Cramer. Broadcom pared its losses to 2% in midday trading on Thursday after tumbling 7% in premarket trading. Google (GOOGL) said it sees “no change” in its relationship with Broadcom (AVGO). “We are productively engaged with Broadcom and multiple other suppliers for the long term,” a Google spokesperson told Bloomberg in an email. “Our work to meet our internal and external Cloud needs benefit from our…

© Reuters Thursday’s news reveals that Airbnb, the widely used accommodation platform, is grappling with increasing regulation and restriction of short-term rentals in cities where rental prices are skyrocketing and tourism is high. This comes in spite of the company’s robust growth in recent years, even amidst economic inflation. New York City has recently implemented stricter rules on short-term rentals due to housing shortage issues. As of September 10, data from the travel website Skift suggests a significant impact, with a 77% decrease in Airbnb listings in the city compared to June 4. The new regulations require hosts to register…

XAU/USD PRICE FORECAST:Gold (XAU/USD) Bounces as the DXY Faces a Key Resistance Hurdle.The Higher Rates for Longer Narrative is Likely to Weigh on the Precious Metal Moving Forward as Fed Projections Price in Only 50bps of Cuts in 2024, Down from 100bps in June.IG Client Sentiment Shows that Retail Traders are Overwhelmingly Long on Gold with 74% Holding Long Positions.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.MOST READ: The South African Reserve Bank: A Trader’s GuideGold extended its losses in the European session before a rebound as the US session gathers…