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 Puts Rate Hikes On The Table After Historic Wage Agreement!
Wage deals with Japan’s largest employers and unions have been agreed according to reports. Bloomberg confirms a 5% wage increase. Bank of Japan may hike interest rates as early as next week. Other economists believe the hike will come in April. Analysts expect the...
Bitcoin stumbles further, now down 6% on the day
Bitcoin (BTC/USD) daily chart (Coinbase)The optimism is starting to wane for Bitcoin as it looks poised to solidify a drop back below the $70,000 mark. Price is now trading back to $66,000 levels and that marks a 6% decline for the day thus far. Looking at the...
Japanese yen struggles despite nod for BOJ policy shift
USD/JPY daily chartThe week hasn't gone well for yen bulls as there is no follow through after the BOJ got the ball rolling in trading last week. A key outcome for the spring wage negotiations was largely positive earlier here. Yet, it seems like Ueda's cautious tone...
Italy February final CPI +0.8% vs +0.8% y/y prelim
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,...
China February M2 money supply +8.7% vs +8.8% y/y 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,...
European equities little changed as the session gets underway
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 February final CPI +3.0% vs +2.9% y/y prelim
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,...
Yen traders take on a better safe than sorry approach
At each and every point last year when yen bulls were anticipating a policy shift by the BOJ, they wound up getting scorched. Evidently, the burn scars are still seemingly painful as even with a positive nod on the spring wage negotiations outcome and more hawkish...
BOJ reportedly making final preparations to exit negative rates next week
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,...
Japan’s largest trade union: Preliminary data shows average wage hike of 5.28% this year
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 – The price is near a key support zone
USDThe Fed left interest rates unchanged as expected at the last meeting and dropped the tightening bias in the statement.The US CPI and the US PPI beat expectations for the second consecutive month.The NFP report beat expectations on the headline number, but the...
FX option expiries for 15 March 10am New York cut
There is just one to take note of, as highlighted in bold.That being the expiries for USD/CAD around 1.3535-50 near the current levels. That could help to keep price action more limited in the session ahead. However, I'd be more wary of the 100-day moving average at...
FX mostly muted ahead of European trading
The dollar is making a stand after the slew of US data yesterday, which prompted some mixed reactions initially. But ultimately, the bond market was the one that made the difference as higher yields helped to underpin the greenback. 10-year Treasury yields moved up by...
PBOC said to have no intention of actively draining cash from the banking system
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BOJ to only exit negative rates in April, but March cannot be ruled out – poll
21 of 34 (~62%) economists expect BOJ to end negative rates in April12 of 34 (~35%) economists expect such a move in March next weekSimilarly, 62% expect the BOJ to scrap YCC in April while 31% say that will take place in MarchI think the odds fairly reflect...
Bitcoin, and the wider crypto complex, has sunk further during Asia time.
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,...
ForexLive Asia-Pacific FX news wrap: Japan fin min Suzuki says “no longer in deflation”
Japan’s finance minister Suzuki said today that the country was “no longer in deflation.” This is a sharp turnaround from comments from officials previously. Indeed, it was only Tuesday when Suzuki was reported as saying we cannot declare deflation as beaten. Suzuki’s...
The Reserve Bank of Australia March policy decision is due on the 19th – ‘on hold’ preview
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,...
US dollar strength has persisted in Asia
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,...