It is not commonplace for government officials to attend any central bank meeting, so this is definitely a peculiar one. But I guess it speaks to the delicate situation regarding the Japanese yen at the moment. The last time this happened was back in December last...
The Future of Real Estate: Investing in Tokenized Properties with Cryptocurrency
Real estate investment has long been a cornerstone of wealth construction, supplying balance, tangible property, and the potential for appreciation. However, the conventional real estate marketplace has frequently been characterized by boundaries to entry,...
UK April CBI retailing reported sales -44 vs 2 prior
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,...
GBPUSD Technical Analysis – We are at a cluster of resistance levels
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...
Stocks stay on the cautious side so far on the day
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,...
IronFX Celebrates an Award-Winning Start to 2024
A global leader in online trading is celebrating a host of remarkable milestones already achieved in the first quarter of 2024 after being recognised for its services with a number of prestigious industry awards.The broker has further solidified its position as a...
GBP/USD bounces to two-week high, what levels to watch out for?
It has been quite the bounce in cable this week, after the poor showing on Monday especially. The pair moved down to test 1.2300 before rebounding by over 200 pips now to 1.2520 levels. Of note, buyers have turned the near-term bias in their favour and things might...
AUD/USD nudges higher to test key technical resistance again
And that is seeing AUD/USD buyers capitalise a little in pushing price back towards the 200-day moving average (blue line), seen at 0.6526 on the day. The pair saw price movement capped by the key technical level yesterday and here we are testing it again. As much as...
USD/JPY Breaches ‘Line in the Sand’ Ahead of BoJ Meeting
Japanese Yen (USD/JPY) AnalysisThe yen breaks into the danger zone ahead of the BoJ meetingUSD/JPY breaches line in the sandBoJ Governor Ueda still sees trend inflation below target, will the updated forecast bring the inflation objective closer?Elevate your trading...
Crypto in the Spotlight: easyMarkets Q1 2024
Leading financial service provider, easyMarkets, has reported an increase in client trading volume across a range of financial instruments during the first quarter of 2024. Q1 2024 saw a surge in trading volumes for easyMarkets, particularly in cryptocurrencies and...
A more mixed market mood greets European traders to start the session
USD/JPY is still doing its thing as buyers are gradually pushing the limit above 155.00 ahead of the BOJ tomorrow. The pair is up 0.2% to 155.63 currently, with the line in the sand starting to shift. Elsewhere, the dollar is slightly lower but nothing too outstanding...
Investors Monitor a Potential Japanese Intervention, and upcoming Tech Earnings
Meta stocks top earnings expectations, but revenue guidance for the next 6 months triggers significant selloff. Meta stocks decline 15.00% and the Magnificent Seven also trade lower. Japanese Authorities are on watch and most market experts predict the Japanese...
ECB’s Schnabel says may be facing a bumpy last mile on disinflation
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,...
European equities more mixed at the open today
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 business confidence 99 vs 100 prior
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,...
Germany May GfK consumer sentiment -24.2 vs -26.0 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,...
FX option expiries for 25 April 10am New York cut
There is one to take note of for the day, as highlighted in bold.That being for USD/JPY at the 155.85 level. However, the pair is pretty much playing a different game compared to the rest of the major currencies bloc right now. So, I wouldn't attribute the expiries...
Not much on the data docket in European trading today
On the two related focus points:As such, European trading today might not offer too much if Tokyo decides to let things be. USD/JPY is at 155.52 currently as buyers are slowly pushing the limit but the rest of the major currencies bloc is rather muted.That will keep...
US data comes into focus in the second half of the week
With plenty of focus on USD/JPY, let's not forget about what else is driving markets at the moment. The softer US PMI data earlier this week continues the debate on Fed rate cuts for the year. And we'll have more data to add to the mix over the next few sessions....
The line in the sand is shifting
It's about testing the waters now but the idea is not to get too carried away. That is the line of thinking among buyers in pushing USD/JPY higher above the 155.00 mark currently. The pair finally breached the figure level in US trading yesterday but there is no major...