USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...
Japanese yen surge being very quickly faded
The volatility swing is in full action for the Japanese yen right now. USD/JPY saw a very quick drop from around 156.60 to 155.00 before being just as quickly bought back up now to 156.10-20 levels.It's not immediately clear if this was a first check by Japanese...
USD/JPY hits the skids in fall to 155.00
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SNB’s Jordan says central bank has been successful in fighting inflation
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,...
Eurozone March M3 money supply +0.9% vs +0.6% y/y expected
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Japanese Yen Slumps to Fresh Multi-Decade Lows, USD/JPY Eyes US PCE Report
Japanese Yen Prices, Charts, and AnalysisTokyo inflation fell sharply in April, adding to the BoJ’s problems.Japanese Yen weakness is seen across the board, when will the BoJ step in? Recommended by Nick Cawley Get Your Free JPY Forecast Get My Guide The Japanese Yen...
AUD/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 softer PMI numbers here. That was enough to close the gap on the divergent outlook between the RBA and Fed. In turn, it helped...
Alphabet Easily Beat Earnings Predictions But Focus Shifts to Today’s PCE Data
Microsoft and Alphabet’s earnings reports beat expectations pushing the NASDAQ to the top of the charts. The Bank of Japan keep interest rates unchanged applying pressure on the Japanese Yen. The Yen Index declines 0.36% and is down 40% against the USD over the past 5...
BOJ governor Ueda: Underlying inflation has been gradually rising
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,...
USD/JPY ramps higher as Ueda loses control
BOJ governor Ueda is still speaking but he's not saying anything about the currency and recent developments. He's preaching to the choir in saying that the inflation trend is still intact and they could still raise rates again at some point. But that's not what yen...
European indices open higher as stocks look for more optimistic end to the week
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USD/JPY not waiting around for Ueda to finish up, jumps higher
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,...
If our forecasts materialise, achievement of 2% inflation target is extremely close – Ueda
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,...
BOJ governor Ueda says chance of a prolonged weakness in the yen is not zero
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,...
France April consumer confidence 90 vs 92 expected
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,...
BOJ governor Ueda says will continue to watch impact of FX on economy, prices
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,...
BOJ governor Ueda says will adjust degree of monetary easing if underlying inflation rises
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,...
Heads up: BOJ governor Ueda press conference coming up soon
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,...
FX option expiries for 26 April 10am New York cut
There is one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0750 level. It isn't one with major technical significance but it keeps near the 50.0 Fib retracement level of the swing lower this month at 1.0743. As such, that could play a role in...
ICYMI: Trump advisers consider penalties for nations shifting away from the US dollar
There's never a dull moment when Trump is in the headlines, eh? The latest is that his economic advisers are discussing ways to actively stop countries from shifting away from using the US dollar. This is said to be an effort to counter the actions by key emerging...