BoJ Governor Kazuo Ueda, in a speech today, delineated the two forces in play regarding Japan’s inflationary pressures: “The first force, led by import prices, has seen its year-on-year rate of increase decelerate,” and he Read more…
The week started on a cautious note as stocks in Asia mostly sold off following a rough week in the US, where the Federal Reserve’s (Fed) hawkish pause triggered a fresh wave of worries that Read more…
Market movers today This week starts off with thin calendar in terms of data releases. In Germany, we receive the Ifo indicator for September. The assessment of the current climate has declined continuously since March Read more…
DXY: The chart for DXY (US Dollar Index) currently exhibits a bearish overall momentum. In this context, there’s a potential scenario where the price could encounter a bearish reaction upon reaching the 1st resistance level Read more…
Daily Pivots: (S1) 0.6408; (P) 0.6437; (R1) 0.6469; More… AUD/USD is staying in consolidation from 0.6356 and outlook is unchanged. Intraday bias remains neutral at this point. Further decline is expected as long as 0.6520 Read more…
Asian stock markets commenced the week with divergent performances. While Japan’s Nikkei showed resilience, bouncing back after enduring its most challenging week this year, Hong Kong’s stocks weren’t as fortunate. The uncertainty surrounding China Evergrande Read more…
The financial world was abuzz last week with discussions of oil potentially breaking the 100 mark. While some pundits deem this as a stretch, the consensus is that no one can entirely dismiss the possibility. Read more…
Key Highlights EUR/USD extended losses and traded below 1.0650. A key bearish trend line is forming with resistance near 1.0700 on the 4-hour chart. GBP/USD is diving and trading below the 1.2350 level. USD/JPY is Read more…
ECB Governing Council member Francois Villeroy de Galhau spoke about the current monetary policy outlook in an interview with France Inter radio on Saturday. Emphasizing the need for a patient approach, Villeroy stated, “From today’s Read more…
GBPUSD broke support level 1.2325 Likely to fall to support level 1.2150 GBPUSD recently broke the strong support level 1.2325 (which has been reversing the price from April) intersecting with the 61.8% Fibonacci correction of Read more…