Author: FX
To implement support to curb household utility, gas bills from July to SeptemberWill allocate ¥500 billion from reserves for related subsidiesWill compile extra budget of more than ¥3 trillionTo create new budget reserves to address impact of higher energy costs caused by Middle East conflictWill issue new deficit financing bonds to finance extra budgetThis will have no impact on the bond market as new debt will be offset by higher tax revenue and other mattersWill make utmost efforts to avoid market disruptionsThis was already widely expected and heavily rumoured last week already here. As mentioned then, it’s not so much…
The Indian Rupee (INR) opens on a strong note against the US Dollar (USD) at the start of the week. The USD/INR pair extends its losing streak for the fourth trading day on Monday, sliding to near 95.20, the lowest level seen in almost two weeks.The Indian currency has appreciated due to hopes of further Reserve Bank of India’s (RBI) intervention in forex markets. Also, a significant decline in oil prices at open due to improved hopes of the United States (US)-Iran deal strengthened the Indian Rupee. While there has been a sharp recovery move in oil prices after Iran…
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US Secretary of State Marco Rubio says Washington will give diplomacy every chance on Iran but will pursue other means if a good deal cannot be reached, while describing the current framework as solid. Marco Rubio, Secretary of StateSummary:Rubio said the US would give diplomacy every opportunity to succeed before considering alternative approaches, but was explicit that alternatives exist if a good agreement cannot be reachedHe described the current proposal on reopening the Strait of Hormuz as a solid frameworkA time-limited negotiation on Iran’s nuclear programme is also on the table as part of the broader deal structureThe comments are…
Gold is deep into a three-month triangle pattern, and the apex is now just days away. Here’s what we’re seeing on XAU/USD’s charts! Source link
After months of consolidation, is crude oil finally picking a clear direction? Check out the potential downside targets if the breakdown gains traction! Source link
The USD/JPY pair edges lower to around 158.85, snapping the two-day winning streak during the Asian trading hours on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) amid signs of a US-Iran deal to reopen the Strait of Hormuz. US President Donald Trump said on Sunday that Washington and Iran had “largely negotiated” a memorandum of understanding on a peace deal that would reopen the Strait of Hormuz, per Reuters.”Markets have become conditioned to be incredibly patient on a tangible breakthrough, but the base case of a deal remains firm, with the weekend news providing further conviction, even…
’Potential crack’ in California chemical tank may prevent explosion, fire official says Source link
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