The dollar is staying slightly bid on the session as it continues to keep in a decent spot so far this week. The move higher in USD/JPY is arguably a key reason for that. But as Treasury yields are continuing to sit well higher compared to its peers, it is another...
Bitcoin technical analysis, shorts should cover part or exit
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A more cautious mood greets European stocks with the Fed in focus
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UK finance minister Hunt says falling inflation opens the door for BOE rate cuts
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What’s priced in for the BOE now after the UK CPI data?
Well, to be fair, it was more or less already fully priced in even before the data. The odds of that were ~97% previously, so traders have just moved to fully price in a 25 bps rate cut now. Meanwhile, traders are now anticipating roughly 71 bps worth of rate cuts for...
Germany February PPI -0.4% vs -0.1% m/m expected
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UK February CPI +3.4% vs +3.5% y/y expected
Prior +4.0%Core CPI +4.5% vs +4.6% y/y expectedPrior +5.1%The softer readings here should rebuff expectations for an August rate cut. Coming into the report, the odds of that were at ~97% while traders were pricing in ~66 bps worth of rate cuts for this year. We'll...
FX option expiries for 20 March 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD as they are layered from 1.0810 through to 1.0910. That is going to help keep price action more muted around the current levels, with the technicals also in play. The 200-day...
UK inflation on the agenda in the session ahead
The Japanese yen is the main mover in the major currencies space so far today. The post-BOJ fallout in the yen continues and we're seeing USD/JPY race higher to above 151.50 currently. Besides that, the dollar remains largely steady as the focus and attention turns...
Bitcoin falls further with another test of $60,000 in sight
It has not been a good last one week for cryptocurrencies and the retracement lower in Bitcoin is a big part to do with that. The price of Bitcoin has now dropped just below $61,000 on the day as the selling pressure intensifies. All eyes are now on the $60,000 mark...
USD/JPY looks to last year’s high as the yen stays under pressure
USD/JPY daily chartIt's not going according to plan for yen bulls to say the least. USD/JPY is now up another 0.5% today to 151.55 now, its highest level since November last year. The pair now looks poised to take a run at the high last year at 151.90 next. The rise...
ForexLive Asia-Pacific FX news wrap: USD/JPY rises to 151.30
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FOMC preview – shift to projection for two rate cuts for 2024 from 3 is a “close call”
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Ether ETFs Likely Won’t Get Approved in May
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“How the BOJ’s plan for a smooth exit from negative rates unraveled”
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FOMC preview – a 25% to 30% chance of the Fed signaling only two rate cuts in 2024
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BOJ Policy Doesn’t Bring Positive Impact to Yen
Although the BOJ ended negative interest rates, this did not indicate a hawkish stance, but rather a dovish rate hike. USDJPY on Tuesday [19th Mar] was up +1.17%. The yen fell to a 4-month low against the dollar based on dovish comments from BOJ Governor Ueda, who...
China sets 1 and 5 year LPR rates unchanged, as expected
1-year Loan Prime Rate 3.45%expected and prior of 3.45%5-year Loan Prime Rate 3.95%expected and prior 3.95%the 5-year was cut in February: PBoC’s largest 5 year LPR rate cut ever. The 5-year is a benchmark for mortgage rates in China and a big part of the reasoning...
PBOC sets USD/ CNY mid-point today at 7.0968 (vs. estimate at .71967)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
Morgan Stanley Wealth Management cite BOJ tightening pivot as a risk to US equites
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