Headlines:Markets:AUD leads, EUR lags on the dayEuropean equities slightly lower; S&P 500 futures flatUS 10-year yields up 3.4 bps to 4.128%Gold up 0.2% to $2,025.89WTI crude down 0.7% to $74.25Bitcoin down 2.3% to $38,903The Japanese yen was an active mover on...
Treasury yields hold higher so far on the day
US Treasury 10-year yields (%) daily chartThis is in part what is helping to keep the dollar from breaking down further earlier today. The greenback is now trading more mixed but keeping largely steadier against the European currencies. EUR/USD was up to 1.0915...
USDCAD Technical Analysis – Key breakout in sight
USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The latest US CPI slightly beat expectations but analysts expect the Core PCE to print at 0.2% M/M again following...
USD/JPY recovers after the post-BOJ drop earlier
The low earlier hit 146.97 on BOJ governor Ueda's press conference but the pair is now trading near 147.85 on the day. Besides a move higher in bond yields, there's not much else driving the rebound in USD/JPY. The earlier dip is largely driven by flows in the heat of...
GBPUSD Technical Analysis – Key trendline in sight
USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The latest US CPI slightly beat expectations but analysts expect the Core PCE to print at 0.2% M/M again following...
Bitcoin falls further after break under $40,000 mark
Bitcoin (BTC/USD) daily chartThe price is now down 1.6% on the day to $39,100 and threatens a much steeper drop below the $40,000 mark. This comes as we are seeing a test up against its 100-day moving average (red line) of $39,230 and a break of that will see sellers...
Loan demand by euro area firms fell again in Q4 2023 – ECB survey
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Market Recap: Asia stocks higher; Yen up post Ueda’s comments
Economic Indicators & Central Banks: China: Reports that Chinese officials are looking into a rescue package for the beleaguered stock market has given Asian equities, and particularly the Hang Seng, a big lift. Sources suggest authorities are proposing some $278...
Central Banks Overview: Investors are Poised For an Eventful Week Ahead
● The Bank of Japan (BoJ), the Bank of Canada (BoC), and the European Central Bank (ECB) will announce their policy decisions and issue the latest monetary statements on 23 – 25 January.● Investors and traders will finally get some fresh clues on the future path of...
Light gains for European equities to start the session
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FX option expiries for 23 January 10am New York cut
There aren't any major expiries to take note of for the day. As such, markets will be left to their own devices with the key stories so far being China's ¥1 trillion backstop to save the stock market and a more hawkish tone by BOJ governor Ueda in his press...
BOJ’s Ueda: Policy change is possible even when there is no update to quarterly outlook
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We will have more data at April meeting compared to March – Ueda
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USD/JPY falls further on Ueda presser, drags down the dollar
The change in tone from Ueda today is making the difference, with USD/JPY tumbling by roughly 100 pips on his press conference. The pair was hugging the 148.00 mark earlier on but is now trading closer to 147.00 as Ueda looks to be teeing up a policy move in March or...
BOJ’s Ueda: More firms have decided on wage hikes this year compared to last year
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Japanese yen moves higher as Ueda talks up confidence in achieving inflation target
USD/JPY 5 mins chartEconomy is progressing in line with our forecastOur confidence has grown in the achievement of price targetThis confirms economy is proceeding based on existing price outlookThere is no change in our stance to carefully examine price trendsCannot...
BOJ’s Ueda says have heard encouraging comments from big firms on wage hikes
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BOJ governor Ueda: Likelihood of achieving 2% inflation target is gradually rising
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China reportedly to expand stock selling restrictions to insurers as well
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