On Friday, the BoJ held rates as expected, lending room to the USD/JPY price. Traders panicked when the yen suddenly jumped for no apparent reason. […]
GBP/USD Outlook: Dollar Slides on Disappointing GDP FiguresGBP/USD Outlook: Dollar Slides on Disappointing GDP Figures
Wednesday’s data revealed weaker US economic growth in the first quarter. A measure of US core personal consumption expenditures jumped by 3.7%. Investors are cautious […]
USD/JPY returns to the highs for the day after flash in the pan dropUSD/JPY returns to the highs for the day after flash in the pan drop
If anything else, it shows that: 1) The drop earlier wasn’t likely any intervention check or otherwise from Tokyo. I mean, the timing of the […]
Nasdaq Composite Technical AnalysisNasdaq Composite Technical Analysis
Yesterday, the Nasdaq Composite opened lower following a selloff caused by surprisingly high Core PCE data in the US Q1 GDP report. The market started […]
AUDUSD Technical AnalysisAUDUSD Technical Analysis
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed […]
Equities hold the optimism, counting down to US data laterEquities hold the optimism, counting down to US data later
The Japanese yen might have stolen the focus during the session but it’s time to forget about that for a while. The US PCE price […]
USDCAD Technical Analysis – Getting close to a key support zoneUSDCAD Technical Analysis – Getting close to a key support zone
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed […]
AUD/USD hopes to keep technical break higher ahead of US PCE price data laterAUD/USD hopes to keep technical break higher ahead of US PCE price data later
It’s a case of data mismatch for the aussie and the greenback this week. The former saw stickier inflation numbers here while the latter saw […]
BOJ governor Ueda: Underlying inflation has been gradually risingBOJ governor Ueda: Underlying inflation has been gradually rising
Inflation is not necessarily weak if you look at other service pricesIf prices move in line with our forecasts, it would be reasonable to adjust […]
SNB’s Jordan says central bank has been successful in fighting inflationSNB’s Jordan says central bank has been successful in fighting inflation
Uncertainty remains elevated, shocks can occur at any timeWill monitor inflation closely and adjust policy again when necessaryDemands by critics for SNB to broaden mandate […]