FX

The Japanese Yen weakens across the board after BoJ announced its policy decision.  A shortlived spike in the Yen may be testament to an attempt by the Japanese authorities to intervene. US PCE Price Index shows higher-than-expected inflation but does little to impact USD/JPY which almost touches 157.00. The Japanese Yen (JPY) plummets to a

The Bank of Japan is set to hold interest rates after its first hike since 2007 in March. The focus will be on BoJ’s updated forecasts and Governor Kazuo Ueda’s press conference. The volatility around the Japanese Yen could spike on the BoJ policy announcements. The Bank of Japan (BoJ) is set to leave its

EUR/JPY surges to levels not seen since August 2008, capitalizing on a broader Yen weakness. Technical indicators suggest potential for further advances after clearing resistance at 165.30, towards the 169.47 high of August 2008. Downside risks remain once EUR/JPY retreats below the recent high of 166.22. The Euro rallied to a near 16-year high against

The Japanese Yen continues losing ground amid the divergent BoJ-Fed policy expectations. The recent intervention warnings by Japanese authorities do little to provide any respite. Traders now look to the US Q1 GDP report for some impetus ahead of the BoJ on Friday. The Japanese Yen (JPY) extends its weakening trend further below the 155.00

Gold price eyes more downside amid caution ahead of US core PCE Price Index data. Apart from the US underlying inflation data, investors will focus on the Q1 GDP. The US Dollar corrects as a weak PMI report for April dampens investors’ confidence in the strong US economic outlook. Gold price (XAU/USD) faces pressure while attempting to

AUD/JPY gains ground due to the stronger-than-expected Australian consumer inflation data. The ASX 200 Index appreciates, primarily fueled by advancements in technology and healthcare stocks. The Japanese Yen faces challenges as the yield gap widens between Japan and other major countries. AUD/JPY extends its winning streak for the third successive day after paring intraday losses

1, The FTSE outlook The FTSE 100 had been a wall flower of the stock market during the Q1 market rally; however, it’s fighting back, and has finally made a fresh record high. The FTSE 100 is up by 0.1% so far on Tuesday, but it has made a fresh record high, the second consecutive high

Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that the Japanese central bank doesn’t have any preset idea on the timing, or pace of future rate hikes, adding that future monetary policy guidance will depend on economy, price, market development at the time, per Reuters.  Key quotes  “Don’t have any preset idea on timing, pace of

Natural Gas price recover on Monday above $2.00.  Iran’S foreign ministry said nuclear weapons have no place in Iran’s nuclear doctrine. The US Dollar Index eases with markets favoring risk assets over safe havens and cash.  Natural Gas (XNG/USD) is recovering ahead of the US trading session this Monday breaking $2.03 after tensions were nearly spill

AUD/JPY gains ground as no significant geopolitical developments over the weekend. US Secretary of State Antony Blinken called for calm after an Iranian official stated no immediate plan for retaliation. The Japanese Yen faces challenges as BoJ Governor Kazuo Ueda stated that the central bank must keep the loose monetary policy as underlying inflation remains

The daily RSI for the NZD/USD reveals growing selling pressure, nearing oversold conditions. The hourly indicators also remain weak. The pair will close a 0.80% losing week. The NZD/USD pair saw a 0.25% loss on Friday’s sessing and continues exhibiting a significant bearish tendency. Both short-term and long-term outlooks suggest the prevalence of sellers, which

DXY Index demonstrates slight losses yet sustains near early November highs. The downward movements may be seen as buyers running out of momentum. Hawkish bets on the Fed and a sour market mood may limit the losses. The US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of

Gold price trades close to $2,400 amid worsening geopolitical tensions. The US Dollar’s upside stalls as investors see other central banks postponing rate cut plans. US bond yields are down despite the Fed maintaining a hawkish stance. Gold price (XAU/USD) faces pressure to recapture new all-time highs around $2,430 in Friday’s early New York session. The

Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step. Key takeaways “Progress on US inflation has stalled.” “Fed’s current restrictive monetary policy is appropriate.” “Proper Fed policy going forward will depend on the

The Mexican Peso recovers after data shows a rise in Retail Sales in February.  The Peso had weakened in a volatile sell-off after markets switch risk averse on geopolitical tensions.  Israel purportedly retaliated against Iran, with explosions heard in the Iranian city of Isfahan.  USD/MXN surged to just below 18.00 on the news but then retreats and

GBP/USD loses traction around 1.2430 amid the firmer US dollar on Friday.  The Fed’s hawkish comments boost the Greenback against the GBP.  BoE’s Greene said rate cuts were not imminent and that inflation remains too high.  The GBP/USD pair remains on the defensive near 1.2430 during the early Asian session on Friday. The downtick of the major pair is backed

The US Dollar turns tide and heads back up after US data release. Concerns were released overninght on the US Dollar from central banks of Europe and Asia. The US Dollar Index turns flat and looks to be heading back to 106.00. The US Dollar is turning green against most major peers after this Thursday’s data

The Australian Unemployment Rate is expected to have ticked higher in March. Employment Change is foreseen losing momentum after the outstanding February figure. AUD/USD corrective advance may provide bears the chance to sell at higher levels. Australia will publish its monthly employment report first thing Thursday. The Australian Bureau of Statistics (ABS) is expected to