Bank of Japan’s Summary of Opinions from the April meeting revealed a noticeably more hawkish debate inside the board, with several policymakers arguing that another interest rate hike could come sooner rather than later as the Iran war intensifies inflation pressures. One member explicitly said “it is quite possible the BoJ will raise interest rates […]
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Silver bulls may finally be getting the move they have been waiting for — and the rally could now be feeding itself. On Monday, Silver exploded higher by more than $6 an ounce at its Read more…
Key Highlights AUD/USD started a fresh increase above the 0.7200 pivot zone. A bullish trend line is forming with support at 0.7190 on the 4-hour chart. EUR/USD could gain strength if it clears 1.1800 and Read more…
Australia’s NAB business survey for April painted an increasingly stagflationary picture, with activity indicators weakening further even as cost pressures accelerated sharply. Business confidence improved slightly from -29 to -24, but remained deeply negative, while Read more…