Yen was already rallying ahead of BoJ policy decision, and managed to maintain most of its advances, despite some post-announcement jitters. Initial reactions saw some gains pared back as the policy appeared largely unchanged on the surface. However, some key alterations, including the central bank’s decision to buy 10-year JGB yields at 1% in fixed-rate
Kazuo Ueda, governor of the Bank of Japan (BOJ). Bloomberg | Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the Japanese
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel reported
Share: The two-day BOJ meeting concluded with an unexpected adjustment to the Yield Curve Control. Germany’s Inflation data came in line with expectations of 6.5% but lower than the previous 6.6%, and Q2 GDP data disappointed. Ueda’s dovish tone weights on the Yen. At the time of writing, the EUR/JPY pair is trading near the 155.50
Gold prices held near two-week lows on Friday after strong U.S. economic data spurred the dollar and bond yields in a high interest rate environment that dragged the non-interest bearing metal towards its biggest weekly decline in five. FUNDAMENTALS * Spot gold was up 0.2% at $1,948.24 per ounce by 0126 GMT, after earlier hitting
As the week comes to a close in Europe, what does the price action from the EURUSD this week tell us about next week’s trading. In this video, I take a close look at the daily chart and the hourly chart to define the bias, risk, and target levels. Be aware and be prepared, by
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Dollar is reversing much of yesterday’s gain as both headline and core PCE price indexes showed more than expected moderation. Meanwhile, Yen is also reversing earlier gains around BoJ policy decisions. On the other hand, European majors are making a notable comeback, with Sterling outperforming Euro and Swiss Franc. Commodity currencies however, are staying as
People stand at the check-out counter after shopping at a grocery supermarket in Alhambra, California, on July 13, 2022. Frederic J. Brown | AFP | Getty Images Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index excluding food
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017. Mike Blake | Reuters Procter & Gamble reported its quarterly earnings before the bell Friday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey
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Animoca Brands co-founder and executive chairman Yat Siu sees significant potential in the personalization of Web3-based services as his firm earmarks $30 million to neobank platform hi. Siu’s investment firm plans to invest into the Web3 app that combines a cryptocurrency exchange, digital banking services and a customizable NFT-styled crypto debit card offering as part
Share: Thursday proved a bad day back in the office for EUR/USD. Economists at ING analyze the pair’s outlook. ECI to the rescue The ECB press conference proved a negative for the Euro as ECB President Lagarde backed away from a September rate hike and seemed to acknowledge both softer activity data and welcome disinflation.
Gold traded with a positive bias on Friday even as the dollar index displayed strength. Over the last five trading sessions, the DXY has strengthened by 0.63%. The August gold futures were trading with gains at Rs 59,510 per 10 grams on the MCX when markets opened, up Rs 107 or 0.18% from Thursday’s closing
The Fed hiked interest rates by 25 bps as expected while keeping the policy statement basically unchanged. The market was more focused on the Powell’s press conference to see if he was going to give some forward guidance. Unfortunately, Fed Chair Powell just repeated that they remain data dependent and they can either raise or
The week is definitely ending with quite a buzz, as there has been non-stop action since the ECB policy decision yesterday. The Japanese yen is the big mover today as we see a 200+ pips whipsaw in the aftermath of the BOJ policy decision earlier. That took equities for a ride as well and on