According to Japanese Finance Minister Shunichi Suzuki, there was “no discussion” about exchange rates during the recent meeting of Group of Seven (G7) finance ministers and central bank chiefs in India. This news comes as Read more…
BoJ Governor Kazuo Ueda, following a G20 finance leaders’ meeting in India, has restated the central bank’s stance on maintaining their ultra-loose monetary policy under yield curve control as sustainably and stably achieving 2% inflation Read more…
Stock markets are marginally negative on Tuesday, with US retail sales data weighing slightly after initial volatility passed. The numbers were much weaker than expected for June but then the May figures were revised up Read more…
Canada CPI slowed from 3.4% yoy to 2.8% yoy in June, below expectation and back inside BoC’s 1-3% target range. On a monthly basis, CPI edged up 0.1% mom down from May’s 0.4% mom. Statistics Read more…
Silver is edging higher today but continues to hover around the 24.92 level. The bulls have staged another breakout of the December 2022-February 2023 rectangle, breaking the recent series of lower lows and lower highs, Read more…
Talking to Bloomberg TV, ECB Governing Council member Ignazio Visco said, “Since we have also been observing a substantial reduction in energy prices, we have to expect that this will be seen also in underlying Read more…
EURJPY opened the week with a doji candlestick slightly lower than the 20-day SMA at 156.30, following its rebound from the March support trendline. The trendline bounce indicates the positive trend will persist, yet Monday’s Read more…
EURJPY opened the week with a doji candlestick slightly lower than the 20-day SMA at 156.30, following its rebound from the March support trendline. The trendline bounce indicates the positive trend will persist, yet Monday’s Read more…
The US 500 cash index continues its advance, and it is currently trading at the highest level since April 6, 2022. The move since the March 13, 2023 low has been exponential with the lack Read more…
Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… Intraday bias in USD/JPY remains neutral as consolidation from 137.22 is extending. Upside of recovery should be limited by 55 4H EMA (now at 140.18) and Read more…