Author: FX
USD/JPY has slipped below 128.50 after facing barricades around 129.00 ahead of BOJ policy. BOJ Governor might provide a roadmap to exit its long ultra-loose monetary policy. Analysts at GS see a further drop in USD/JPY by 3% to 125.00 due to US interest rates. The USD/JPY pair has faced resistance while attempting to recapture the crucial resistance of 129.00 in the early Asian session. The asset has dropped below 128.50 and is likely to remain on the tenterhooks as investors are awaiting the announcement of the Bank of Japan (BoJ)’s first monetary policy of CY2023. A recovery move in…
© Reuters. FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray MELBOURNE (Reuters) -Rio Tinto on Tuesday said that China’s reopening from COVID-19 restrictions is set to raise near-term risks of labour and supply chain shortages, as it also flagged a strong start to iron ore shipments for 2023. The Anglo-Australian miner said that consumers remain cautious of China’s property market, which has been supportive to the economy, and that slowing global demand poses some risk to its exports. Rio looks set to retain its…
Progress Software Q4 2022 Earnings Preview Source link
A couple of bank analayst views on AUD/USD Société Générale point out that AUD/USD has trade above it 200 day moving average for the first time since April of 2021 and say that this confirms its upward momentum persistence. say if it manages to defend 0.6830 this would be ‘crucial’ for another leg higherAUD/USD is expected to inch higher gradually towards last August’s high of 0.7090/0.7130. This could be the next potential resistance zone–Credit Suisse are also bullish, citing upward pressure from:Near-term momentum continues to riseweekly MACD crossing into positive territoryCS see initial resistance circa 0.7000/09, then key resistance zone…
EUR/USD’s 1.0820 structure has been broken. Eyes are on a test below 1.0770 that guards the risk of a drop towards 1.0700/20 support. As per the start of the week’s analysis, EUR/USD Price Analysis: Bears attacking the bullish H4 trendline support, the bears needed to break trendline support on the lower time frames, such as the 4-hour chart as follows: It was stated that The M-formation was compelling in this regard, but the neckline needed to hold for the open to reaffirm a bearish bias and prospects of a break of the trendline and downside potential for the week ahead. Instead, the bulls moved in and took…
© Reuters. FILE PHOTO: A man takes a selfie in front of the logo of the World Economic Forum (WEF) 2023 at Davos Congress Centre in the Alpine resort of Davos, Switzerland, January 15, 2023. REUTERS/Arnd Wiegmann DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair. However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned of trouble ahead for businesses and governments in…
Nicolas VincentThe Bank of Canada appointed a Montreal professor as its latest Depute Governor. He will have a seat on Canada’s governing council.He will fill a two-year term in the newly-created external, non-executive Deputy Governor position.In creating the new position, the BOC said it wanted to “ensure a diversity of perspectives, thought and experience when formulating policy” and — shocker — they hired a professor of economics.He will join the BOC on March 13.ADVERTISEMENT – CONTINUE READING BELOW Source link
Arsenii Palivoda/iStock via Getty Images Binance on Monday launched an off-exchange settlement solution that will allow institutional investors to keep their collateral used for leveraged positions off its platform, in a move to ease growing concerns about asset safety on cryptocurrency exchanges. Using Binance Mirror, institutions can post collateral through Binance Custody’s cold storage wallet solution. The assets will be accessible to the user once the trades are settled. Most crypto investors keep their collateral on the exchange for trading, which could be at risk during market volatility leading to large outflows on a platform. Cold storage wallets eliminate that…
EUR/JPY bounced off last weekly lows and reclaimed 139.00 amidst a sour market sentiment. EUR/JPY Price Analysis: Bearish below the 200-day EMA; otherwise, it could test 141.00. The EUR/JPY bounces off the last week’s low of 138.01 and climbs above the 139.00 figure, despite a sour sentiment. Hence, the Euro (EUR) gained some ground against the Japanese Yen (JPY), though it would likely be influenced by the Bank of Japan’s (BoJ) Wednesday’s monetary policy decision. At the time of writing, the EUR/JPY is trading at 139.10, up by 0.43%. EUR/JPY Price Analysis: Technical outlook Even though the EUR/JPY is printing…
CI DoubleLine Income US$ Fund declares CAD 0.073 dividend Source link