Author: FX

2/2 © Reuters. A seven-month-old baby and her mother look at early flowering Kanzakura cherry blossoms in full bloom at the Shinjuku Gyoen National Garden in Tokyo, Japan March 14, 2018. REUTERS/Issei Kato 2/2 By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government laid out a fresh plan on Friday to boost childcare over the coming three years to stem a relentless drop in the country’s birth rate, a move that may lead to another big spending package and strain its already tattered finances. Under the plan, the government will take steps such as expansion of child allowances to be given…

Final Day of the Week/Month & Quarter – USD has weakened again as stocks continue to recover, led by big tech and US GDP slipped, Kashkari reconfirmed his Hawkish credentials “the FED will not be shifting the goalposts”. EUR firmed on good German inflation. Asian markets are higher after better PMI data from China and a strong set of data from Japan, NZD outperformed in Asian markets. European & US FUTS are also higher. Overnight:  China PMI’s beat (Services partic. 58.2 vs 55.0), Japan – Retail Sales (6.5% vs 5.0%), Tokyo CPI (3.2% vs 3.1%) Ind. Prod. (4.5% vs -5.3%) and…

The dollar is nearly on the brink once again as we head towards month-end and quarter-end. This comes as equities continue to shine, staying in the hunt of a third straight week of gains as the rebound from the banking turmoil continues.EUR/USD is up to 1.0900 and is now just backing away at short-term resistance at 1.0920-30 from last week’s highs with key resistance not that far away, seen at the 1.1000 mark. Meanwhile, GBP/USD is testing waters just above 1.2400 with the December and January highs around 1.2446 within reach.Those will be two key levels to watch as it…

I’m seeing opportunities to short GBP/USD at the top of its range and to catch a bearish pullback on AUD/JPY. Take a look at these resistance levels I’m watching. GBP/USD 4-hour Forex Chart by TradingView Check out Cable closing in on the very top of its range on the 4-hour time frame! The pair looks ready to test the resistance around the 1.2425 mark soon and might make a turnaround back to the bottom from there. Stochastic is already in the overbought region after all, which means that buyers are exhausted and could allow sellers to take over. Now price…

Share: GBP/USD is looking to recapture a two-month high at 1.2450 as the risk profile remains upbeat. The USD Index is defending the 102.20 support in hopes of the continuation of a policy-tightening spell by the Fed. Mixed views on BoE’s monetary outlook will keep Pound Sterling volatile. The GBP/USD pair is aiming to re-test its two-month high at 1.2448 in the Asian session. The Cable is attracting bullish bets despite expectations for a steady monetary policy by the Federal Reserve (Fed) have eased. The US Dollar Index (DXY) is defending the 102.20 support on hopes that receding…

Waiting for a big move in the equity markets these days? Take a look at this FTSE 100 wedge consolidation pattern that might be ready for a breakout soon! FTSE 100 (UK100) 1-hour Chart by TradingView I’m seeing tighter consolidation on this rising wedge formation! This means that a breakout is bound to happen soon for the FTSE 100 stock index. But which way might it go? Moving averages are pointing to a potential upside move, as the 100 SMA is still above the 200 SMA to reflect the presence of bullish vibes. If that’s the case, the equity index…

Timon Schneider/iStock Editorial via Getty Images Shaw Communications (NYSE:SJR) rose 1.1% in after hours trading on a report that Canadian Industry Minister François-Philippe Champagne is expected to approve Rogers (NYSE:RCI) C$20 billion takeover of Shaw. The Canadian minister is expected to approve the acquisition before the open of Canadian markets on Friday, according to a CTFN report, which cited an unidentified House of Commons aide. The report comes as Friday is the “outside date” or walk date for the parties to exit or extend the transaction after its been extended several times, including on Feb. 17. Shaw (SJR) rose 0.9%…

© Reuters. FILE PHOTO: A view of a vegetable stand with prices at a supermarket in Tokyo, Japan, March 24, 2023. REUTERS/Androniki Christodoulou By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Core consumer inflation in Japan’s capital Tokyo slowed in March for a second month but remained well above the central bank’s 2% target, data showed on Friday, highlighting broadening price pressures in the world’s third-largest economy. The data underscores the challenge incoming Bank of Japan (BOJ) Governor Kazuo Ueda faces in judging whether the recent cost-driven inflation will shift to one backed by solid demand and wage growth.…

Haven-linked US Dollar declines as Wall Street continues higherTraders seem to be ignoring clearly not-dovish Fed commentaryStill, Bear Flag remains key technical downside setup on the daily Recommended by Daniel Dubrovsky Traits of Successful Traders Asia-Pacific Market Briefing – US Dollar Keeps Diverging from the FundamentalsThe US Dollar extended lower on Thursday with the DXY Index falling 0.46 percent. As March wraps up, the currency is down about 2.6% and is on course for the worst monthly performance since November.The haven-linked US Dollar underperformed amidst a general improvement in risk appetite once again. On Wall Street, the tech-heavy Nasdaq 100…

A Manhattan Grand Jury has voted to indict Trump.The New York Times reporting, citing “four people with knowledge of the matter.” Bit of a historical occasion this. First US President, current or former, to face criminal charges. If convicted Trump will get off with a fine. And he can run again for President. Payment was made to Stormy Daniels. Source link