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The Bank of Japan Summary of Opinions is for the June 15 & 16 meeting:The "Summary of Opinions" provides a concise summary of the views expressed by Policy Board members during the meeting. The full Minutes of this meeting will follow on 2 August 2023. This...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. Prices are liable to swing around on not too much at all, so take care out there.Rates guide:EUR/USD 1.0909USD/JPY 143.49GBP/USD 1.2709USD/CHF 0.8965USD/CAD...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

The Kremlin says Yevgeny Prigozhin will leave for Belarus is a deal that was brokered by Belarusian President Alexander Lukashenko. He agreed to leave the country in exchange for charges being dropped.Kremlin spokesman Dmitry Peskov also said that Wagner fighters who...

Wagner leader Yevgeny Prigozhin said he gave the order to return convoys headed to Moscow back to their bases in order to avoid bloodshed.Belarus President Lukashenko, acting with Putin, said he spoke to Prigozhin and put an agreement on the table that would guarantee...

A couple of items re China and the faltering economic bounce. Tourism data cited on China's state TV(CCTV) reported travel during the June 22-24 Dragon Boat Festival holiday was up on 2022 but down 22.8% from the pre-COVID levels of 2019.the number of railway trips...

A civil war has broken out in Russia with Wagner Group leader Yevgeny Prigozhin leading a convoy towards Moscow and loyal parts of the Russian military attacking it.Reports are scattered and unreliable but helicopters are engaging the column and images suggest three...

There was a very late bid in the oil market today that may have materialized as major events started to unfold in Russia.In a video last week, Wagner founder Yevgeny Prigozhin appeared to say that his 25,000 strong militia was heading to Moscow to oust the leadership...

Markets:WTI crude oil down 22-cents to $69.29US 10-year yields down 6.4 bps to 3.73%Gold up $6 to $1919Bitcoin up $2.4% to $30,850S&P 500 down 0.8%USD leads, AUD lagsThe US dollar was in demand once again, despite falling Treasury yields. Some of that might have...

Nasdaq weekly chartI would attribute a big chunk of this week's equity selling to quarter-end rebalancing flows and/or the front-running of those flows. There were plenty of dip buyers in Nasdaq stocks, particularly in the magnificent seven mega stocks that have been...

EURUSD weekly chart MUFG maintains a long EUR/USD position to its TOTW portfolio (spot ref: 1.0920), with a target at 1.1320, and a stop at 1.0620. MUFG also maintains a long AUD/NZD position targeting a move towards 1.1200, with a stop at 1.0700. "We are maintaining...

WTI crude dailyWorries about the global economy continue to weigh on oil. Crude fell as low as $67.35 today in a test of the post-Saudi cut lows but the bulls made a stand it rebounded to close only modestly lower.Still, it was the second day of selling third weekly...