BoJ Governor Kazuo Ueda reiterated to parliament today that interest rate hikes will continue, though cautiously, once the central bank gains “more conviction that underlying inflation will approach 2% or hover around that level”. Ueda explained that BoJ still maintains negative real interest rates to support inflation momentum and ensure price growth remains both stable […]
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Daily Pivots: (S1) 1.3677; (P) 1.3692; (R1) 1.3715; More… USD/CAD is staying in tight range above 1.3633 and intraday bias remains neutral. Considering bullish convergence condition in 4H MACD, firm break of 1.3741 will indicate Read more…
Daily Pivots: (S1) 0.6496; (P) 0.6515; (R1) 0.6536; More… Intraday bias in AUD/USD remains neutral as it’s still staying below 0.6536 resistance. More consolidations could be seen, but even in case of another dip, further Read more…
Global markets remain in a state of cautious anticipation as high-level trade negotiations between the US and China continue for a second day in London. While there’s no definitive outcome yet, mild optimism lingers. Asian Read more…