During his post-meeting news conference, BoJ Governor Kazuo Ueda confirmed that the economy is aligning with the central bank’s inflation projections, adding “our core-core inflation forecast is at 1.9%, very close to our 2% target”. Read more…
Markets The Bank of Japan kept its monetary policy unchanged this morning with a -0.1% policy rate and a 10-yr JGB target with a “soft” upper bound of 1%. In its new policy forecasts, the Read more…
The higher beta risk-sensitive AUD has started to see a turnaround to the upside against the US dollar in the past two sessions. Reinforced by risk-on behaviour in global stock markets coupled with today’s China Read more…
The week started on a positive note on both sides of the Atlantic Ocean. Equities in both Europe and the US gained on Monday. The tech stocks continued to do the heavy lifting with Nvidia Read more…
In focus today Today, the primary election to become the Republican nominee for US presidential election 2024 heads to New Hampshire. Sunday, Ron DeSantis announced that he suspended his campaign and endorsed Donald Trump. The Read more…
Daily Pivots: (S1) 187.87; (P) 188.14; (R1) 188.51; More… Intraday bias in GBP/JPY remains neutral as consolidation continues below 188.89. Further rally is expected as long as 186.14 resistance turned support holds. On the upside, Read more…
Daily Pivots: (S1) 160.78; (P) 161.18; (R1) 161.60; More… Intraday bias in EUR/JPY stays neutral for consolidations below 161.81. Even in case of deep retreat, further rally is expected as long as 158.55 resistance turned Read more…
Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… Intraday bias in EUR/GBP remains neutral, and further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate Read more…
Daily Pivots: (S1) 1.6510; (P) 1.6541; (R1) 1.6594; More… Intraday bias in EUR/AUD stays neutral at this point. Consolidation from 1.6671 could extend further. But rise from 1.6127 is expected to continue as long as Read more…
Daily Pivots: (S1) 0.9446; (P) 0.9459; (R1) 0.9472; More… Intraday bias in EUR/CHF is turned neutral with current retreat. Some consolidations could be seen but further rally is expected as long as 0.9404 minor support Read more…