Author: FX
Nikada Japan -0.51%. Bank of Japan Governor Kazuo Ueda said over the weekend that the central bank could end its negative interest rate policy when the 2% inflation target is sustainability achieved. He added that the BOJ could have enough data by the end of the year to determine whether it can proceed with policy changes. China +0.97%. China August inflation: CPI 0.1% y/y (vs. expected 0.2%) & PPI -3.0% y/y (expected -3.0%). China August M2 money supply +10.6% vs +10.7% y/y expected. China relaxes rules for insurers to invest in stock markets, on Sunday China’s financial regulator reduced the…
US Dollar, DXY Index, USD/JPY, Ueda, BoJ, USD/CNH, China, India, Commodities – Talking PointsUS Dollar is under pressure as BoJ Governor’s Comments Shake Currency MarketsGovernment bond yields are higher globally with JGBs leading the wayThe ascending trend remains in play for the DXY index for now. Will it reverse? Recommended by Daniel McCarthy Trading Forex News: The Strategy The US Dollar has taken a battering across the board to start Monday with the DXY (USD) index giving up a large portion of last week’s gains.The Japanese Yen scored the largest gains in the aftermath of comments by the Bank of…
USD/CAD is in correction mode on its uptrend. Are buyers about to hop in at any of these levels soon? Or is the pair in for a major reversal? USD/CAD 4-hour Forex Chart by TV This forex pair has been cruising higher for quite some time, with an ascending trend line connecting the lows since mid-August. USD/CAD looks ready for another test of support, as it retreats from the highs near the 1.3700 handle. Could this be a good opportunity to catch the rally? The Fibonacci retracement tool shows levels where buyers might be hanging out. The 50% level, in…
© Reuters. FILE PHOTO: Pedestrians and shoppers walk past a branch of fashion retailer H&M in central Stockholm, Sweden, July 17, 2023. REUTERS/Tom Little/File Photo By Joice Alves LONDON (Reuters) – European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M (ST:) and Zara-owner Inditex (BME:) when they issue business updates this week. Last year, investors and strategists expected retailers’ margins to take a hit, as inflation eroded households’ discretionary spending and some…
The Reserve Bank of Australia has maintained the official cash rate at 4.1% for the third consecutive month on September the 5th. However, it has indicated that there is a possibility of future rate hikes in order to effectively manage inflation. The cash rate remains at its highest level in over a decade, and the latest decision marks the fourth instance in which the RBA has halted its ongoing tightening cycle of rate increases since it all began in May 2022. The most recent board meeting also marked the end of RBA governor Philip Lowe’s tenure, spanning seven years, with…
Bank of Japan Governor Ueda gave an interview to Japanese media last week. Comments from the interview were published over the weekend. USD/JPY gapped lower in early hours on the remarks.ICYMI:Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easingUSD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov UedaMore on Bank of Japan Governor Ueda weekend comments sending USD/JPY 100 points lower4.BOJ Gov. Ueda weekend remarks indicating BOJ focus will now be on “a quiet exit”Hours later Japanese bond trading commenced and these have sold off also, sending yields…
Share: Gold price trades sideways amid US Dollar (USD) retreats. Improved US Treasury yields could exert downward pressure on the price of Gold. China’s disinflationary pressures influenced the yellow metal. Gold price trades around $1,920 a troy ounce during the early trading hours in the Asian session on Monday. The precious metal struggles to hold ground near the previous weekly close, experiencing minor support due to the retreating in the US Dollar (USD). US Dollar Index (DXY), which measures the performance of the Greenback against six other major currencies, is presently trading around 104.80 slightly below its peak…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in the DeFi ecosystem was filled with ups and downs, from the United States Commodity Futures Trading Commission’s (CFTC) investigation into multiple DeFi protocols to Binance CEO Changpeng “CZ” Zhao’s forecast that DeFi would outgrow centralized finance (CeFi) in the next bull run.Continue Reading on Coin Telegraph Source link
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US Treasury Secretary Janet Yellen spoke with media on her way back from the G20 weekend summit. Bloomberg (gated) reporting: she’s increasingly confident that the US will be able to contain inflation without major damage to the job market“Every measure of inflation is on the road down” said that while the US unemployment rate increased in August after reaching the lowest levels in more than a half-century earlier this year, that jump wasn’t caused by a large wave of layoffs Source link