BoJ Deputy Governor Masayoshi Amamiya said, “the BOJ will continue to support the economy with monetary easing to achieve its inflation target in a sustained, stable manner accompanied by wage rises.” Amamiya also said the Read more…
UK retail sales volume dropped -0.5% mom in May, better than expectation of -0.9% mom. Ex-fuel sales dropped -0.7% mom, better than expectation of -1.4% mom. Over the 12-month period, retail sales dropped -4.7% yoy, Read more…
EUR/USD Neither the bears nor the bulls managed to gain enough momentum and the pair remained in the zone between 1.0467 and 1.0542. During the early hours of today`s trading session, volatility has subsided and Read more…
Markets The German Bund excelled yesterday. European PMIs showed momentum weakening rapidly and more than expected. High inflation, ongoing supply snarls, uncertainty related to the war in Ukraine and tighter financial conditions heavily weigh on Read more…
The second day of Jerome Powell’s semi-annual testimony on Capitol Hill passed without incident, in contrast with the frenzy on Wednesday. He reiterated an unconditional commitment to fight inflation by the Federal Reserve, but markets Read more…
Daily Pivots: (S1) 1.2949; (P) 1.2984; (R1) 1.3030; More… Intraday bias in USD/CAD remains neutral for consolidation below 1.3077. With 1.2859 minor support intact, further rise remains in favor. On the upside, break of 1.3077 Read more…
Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity Read more…
UK Gfk consumer confidence dropped from -40 to -41 in June, matched expectations, and set a new record low. Personal financial situation over the next 12 months dropped from -25 to -28. General economic situation Read more…
Japan CPI core (all item ex-fresh food) was unchanged at 2.1% yoy in May, matched expectations. That’s the second month that core consumer inflation tops BoJ’s 2% target. All item CPI was unchanged at 2.5% Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at 103.425 Read more…